Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal

Reuters

Mon, June 8, 2026 astatine 6:20 AM CDT 1 min read

June 8 (Reuters) - Space infrastructure institution Quantum Space said connected Monday it would ‌go nationalist done a merger with ‌special intent acquisition institution Inflection Point Acquisition successful a ​deal that values the combined institution astatine astir $1.2 billion.

The woody comes arsenic capitalist involvement successful the abstraction assemblage has surged up of ‌a long-awaited SpaceX ⁠initial nationalist offering, expected to fetch a valuation of astir $1.75 trillion.

Here are ⁠some details of the deal:

• The transaction includes a $300 cardinal backstage concern successful nationalist ​equity (PIPE) led ​by Inflection Point ​Asset Management.

• Quantum Space ‌said the proceeds would assistance accelerate its flagship Ranger spacecraft level and grow manufacturing facilities.

• Quantum Space, led by erstwhile NASA Administrator Jim Bridenstine, is processing the level for ‌national security, civilian and ​commercial missions.

• The woody ​is expected to ​close successful the 4th fourth ‌of 2026, aft which the ​combined institution ​will run arsenic Quantum Space and commercialized connected Nasdaq nether the ticker "QSPC."

• Cantor ​is besides ‌serving arsenic exclusive fiscal advisor to Quantum ​Space.

(Reporting by Prakhar Srivastava successful Bengaluru; ​Editing by Sahal Muhammed)