South Korean Firm Galaxy Corporation Targets $1 Billion Valuation in 2026 IPO
Galaxy Corporation, a South Korean entertainment-technology group representing K-pop star G-Dragon, is planning to go public next year in a deal that could value it at around $1.0 billion, the company's chief executive said.
The company aims to submit a preliminary initial public offering application with South Korea's financial regulator in the fourth quarter of 2025, targeting a listing on the mainboard Kospi in the first half of 2026, Chief Executive Choi Yong-ho said in an interview.
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The Hill
2 hours ago
- The Hill
After the Trump-Musk dustup, NASA has much to consider
The social media-driven feud between President Donald Trump and SpaceX CEO Elon Musk may have simmered down a bit, with the rhetoric cooling and Musk even deleting some of his ill-considered posts about Trump from X and then apologizing for them. But the shockwaves generated by the tit-for-tat insults and threats still reverberate through NASA and the commercial space sector. When Trump threatened to pull all of SpaceX's government contracts and Musk responded by threatening to decommission the Dragon spacecraft, an apocalyptic scenario that would have cripped NASA loomed. Fortunately, both men have since backed off. Even so, according to the Washington Post, NASA and the Defense Department are quietly urging commercial space companies to hurry the development of hardware that can compete with what SpaceX has to offer. Encouraging competition with SpaceX is sound policy regardless of the relationship between Trump and Musk. However, that competition is months, if not years, in the future. The next flight of the Boeing Starliner, which failed so spectacularly in 2024, will be early next year at the earliest. The Blue Origin New Glenn, an answer to the SpaceX Falcon family of rockets, may launch once more this year and is a long way from achieving Falcon-level launch cadence. It is in Trump's and Musk's interests, and that of the American space effort, that both men repair their relationship and move on. One of the issues that drove Trump and Musk apart was Trump's abrupt and inexplicable withdrawal of the nomination of Jared Isaacman, a billionaire entrepreneur and private space traveler, for NASA administrator. Musk had championed Isaacman, who is well regarded in the aerospace community, and took it to heart when Trump changed his mind about his own nominee. The resulting leadership vacuum at NASA is being filled by Congress. The Senate Commerce Committee, chaired by Sen. Ted Cruz (R-Texas), has offered its own ideas for a NASA budget. The Senate Commerce document is at odds with the White House proposal in one important aspect. Whereas the Trump budget eliminates the Space Launch System after Artemis III and the Lunar Gateway, Senate Commerce would retain the massive, expensive rocket at least through Artemis V and would build the Gateway to support future Artemis missions. A NASA administrator such as Isaacman would be able to argue for the White House's approach. As for Isaacman, some people in the MAGA world, no doubt stung by the near-universal outrage sparked by his treatment at the hands of the White House, have started to trash the former nominee in the media. A recent Daily Caller story quoted unnamed White House officials accusing Isaacman of not only giving money to Democrats but of supporting diversity, equity and inclusion initiatives at his companies and in his private spaceflights. But both of these facts were known when Isaacman was nominated. According to the story, the officials said, 'Isaacman would have been a black spot on an administration otherwise filled with Republican Trump supporters or, at least, individuals like Robert F. Kennedy Jr. who backed the president prior to the election.' To hear these unnamed sources talk, Isaacman is no better than left-wing House members Rep. Alexandria Ocasio-Cortez (D-N.Y.), Rep. Ilhan Omar (D-Minn.) and their Squad. It should be noted that even if Isaacman wanted to impose DEI policies at NASA, he couldn't because of Trump's executive order prohibiting it across the federal government. Isaacman posted to X in his own defense: 'I am a moderate and donated to both parties for different reasons … my largest contribution was to President Trump — because I support many of his policies. I definitely did not like the direction this country was going over the last 4 years.' He went on to state, 'I have never spoken against the President. I have never voted against him.' It sounds like Isaacman is very loyal to Trump, remarkable under the circumstances. The suggestion of disloyalty is spurious and against the White House's interests. Isaacman's situation could provide the basis of a rapprochement between Trump and Musk. Musk has already apologized to the president for some of his posts on X, particularly the one suggesting that Trump is named in the Department of Justice's files on Jeffrey Epstein. But the president should admit fault as well. He was deceived by some of his staff about Isaacman's character. If it is not too late, he should reverse himself a second time and send his fellow billionaire's name back into nomination. NASA, the U.S., and the Trump-Musk partnership would gain as a result. Mark R. Whittington, who writes frequently about space policy, has published a political study of space exploration entitled 'Why is It So Hard to Go Back to the Moon?' as well as 'The Moon, Mars and Beyond,' and, most recently, 'Why is America Going Back to the Moon?' He blogs at Curmudgeons Corner.
Business Insider
2 days ago
- Business Insider
TD Securities Sticks to Their Buy Rating for K-Bro Linen (KBL)
In a report released today, Derek Lessard from TD Securities maintained a Buy rating on K-Bro Linen (KBL – Research Report), with a price target of C$50.00. The company's shares opened today at C$36.05. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lessard covers the Consumer Cyclical sector, focusing on stocks such as Boyd Group Services, Pizza Pizza Royalty, and Dorel Class B. According to TipRanks, Lessard has an average return of 0.4% and a 48.89% success rate on recommended stocks. Currently, the analyst consensus on K-Bro Linen is a Strong Buy with an average price target of C$48.80.
Yahoo
2 days ago
- Yahoo
K-Bro Declares June 2025 Dividend
(TSX: KBL) EDMONTON, AB, June 13, 2025 /CNW/ - K-Bro Linen Inc. (the "Corporation") announced today a dividend of 10.00 cents CDN per common share of the Corporation for the period from June 1 to 30, 2025, to be paid on July 15, 2025 to holders of record of common shares on June 30, 2025. The Corporation's policy is for shareholders of record on the last business day of a calendar month to receive dividends during the fifteen days following the end of such month. K-Bro designates this dividend as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation. CORPORATE PROFILE K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels and other commercial accounts. K-Bro currently operates eleven processing facilities under two distinctive brands, including K-Bro Linen Systems Inc. and Buanderie HMR, in eight Canadian cities: Québec City, Montréal, Toronto, Edmonton, Calgary, Regina, Vancouver and Victoria. Fishers was established in 1900 and is an operator of laundry and linen processing facilities in Scotland, providing linen rental, workwear hire and cleanroom garment services to the hospitality, healthcare, manufacturing and pharmaceutical sectors. Fishers' client base includes major hotel chains and prestigious venues across Scotland and the North East of England. The company operates sites in Scotland and the North East of England with facilities in Cupar, Perth, Newcastle, Livingston and Coatbridge. Shortridge has operated as a family run business since the 1990s and is based in Cumbria, with plants in Lillyhall, Dumfries and a distribution depot in Darlington. It specializes in providing high quality laundry services to local independent hospitality businesses, including hotels, B&Bs, self-catering units and restaurants. Star Mayan is a holding company that owns 100% interests in three operating businesses: Synergy, Grosvenor and AeroServe. Star Mayan is a leading commercial laundry business in England, serving the healthcare and hospitality markets. Typical services offered include processing, management and distribution of healthcare and hospitality linens, including sheets, blankets, towels, surgical gowns and other linen. Star Mayan has seven operating facilities strategically located across England: Bermondsey, Derby, Dunstable, Sheffield, Slough (2), and St. Helens, in addition to a distribution depot in Manchester. Additional information regarding the Corporation including required securities filings are available on our website at and on the Canadian Securities Administrators' website at the System for Electronic Document Analysis and Retrieval ("SEDAR"). K‑Bro est le plus important propriétaire et exploitant de buanderies au Canada. K‑Bro fournit une gamme étendue de services de buanderie aux établissements de soins de santé, hôtels et autres clients commerciaux. K‑Bro exploite actuellement onze usines sous deux marques distinctives, incluant K-Bro Linen Systems Inc., et Buanderie HMR, dans huit villes canadiennes: Québec, Montréal, Toronto, Edmonton, Calgary, Regina, Vancouver et Victoria. Vous pouvez obtenir des renseignements supplémentaires sur la Société, y compris les documents déposés auprès des autorités de réglementation, sur notre site Web, au et sur le site Web des autorités canadiennes en valeurs mobilières au le site Web du Système électronique de données, d'analyse et de recherche (« SEDAR »). SOURCE K-Bro Linen Inc. View original content:
