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

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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