June 8 (Reuters) – Space infrastructure company Quantum Space said on Monday it would go public through a merger with special purpose acquisition company Inflection Point Acquisition in a deal that values the combined company at about $1.2 billion.
The deal comes as investor interest in the space sector has surged ahead of a long-awaited SpaceX initial public offering, expected to fetch a valuation of about $1.75 trillion.
Here are some details of the deal:
• The transaction includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management.
• Quantum Space said the proceeds would help accelerate its flagship Ranger spacecraft platform and expand manufacturing facilities.
• Quantum Space, led by former NASA Administrator Jim Bridenstine, is developing the platform for national security, civil and commercial missions.
• The deal is expected to close in the fourth quarter of 2026, after which the combined company will operate as Quantum Space and trade on Nasdaq under the ticker “QSPC.”
• Cantor is also serving as exclusive financial advisor to Quantum Space.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Sahal Muhammed)
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