1. What Happened at Lumir?

Lumir reported KRW 3.424 billion in revenue for H1 2025, a 58.0% decrease year-over-year. Operating and net losses were KRW 502 million and KRW 69 million, respectively. Delays in the next-generation medium-sized satellite program and client manufacturing schedules are cited as primary causes.

2. Why the Decline?

External factors like project and client delays coupled with internal pressures, such as high R&D expenditure (133.6% of revenue), contributed to the decline. However, Lumir also secured launch contracts with SpaceX for LumirX 3, 4, and 5, demonstrating a commitment to future growth.

3. What’s Next for Lumir?

Lumir aims to launch LumirX-1 in the first half of 2026, part of its plan to deploy an 18-satellite constellation by 2030. This ambitious project positions Lumir to become a leading global provider of earth observation data and services. Diversification into e-commerce and real estate leasing further broadens their business horizons. Considering the growth trajectory of the space industry and Lumir’s technological prowess, long-term growth prospects appear positive.

4. What Should Investors Do?

  • Maintain a long-term investment perspective.
  • Closely monitor the progress of the LumirX satellite deployment, new business ventures, and R&D investment efficiency.
  • Manage risk through portfolio diversification and position sizing.
  • Carefully consider future performance against market expectations before making investment decisions.