business
Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal
Key takeaways
- The deal comes as investor interest in the space sector has surged ahead of a long-awaited Space X initial public offering, expected to fetch a valuation of about $1.75 trillion.
- • 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.
Spacecraft developer Quantum Space to go public in $1.2 billion SPAC deal Reuters Mon, June 8, 2026 at 6:20 PM GMT+7 1 min read SPAX.PVT 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 Space X initial public offering, expected to fetch a valuation of about $1.75 trillion.
• The transaction includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop