LIG Nex1 Confirms 2029 IPO Target for Ghost Robotics Amid Market Speculation
LIG Nex1 denies rumors of a delay in the US IPO of its subsidiary Ghost Robotics, reaffirming a 2029 target. Speculation arose due to recent financial pressures, including a backlog from the US government shutdown affecting defense contracts. Ghost Robotics, acquired in 2024 for 332 billion won, has contracts with the US Air Force and plans to expand its footprint in defense. Despite operating losses, analysts predict a breakeven in 2025 and profitability by 2027.
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LIG Nex1 has confirmed that the planned US IPO of its robotics subsidiary Ghost Robotics is on track for 2029, dismissing recent speculation of delays due to short-term earnings uncertainty. Ghost Robotics, acquired in 2024 for 332 billion won, primarily serves US defense agencies and has contracts with the US Air Force.
Despite a reported breakeven timeline shift and operating losses of 42 billion won last year, analysts expect the company to reach breakeven this year with $50 million in revenue and profitability by 2027. The firm is also exploring export opportunities in the Middle East and has secured a contract for over 100 units with an Asian government.
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