Quantum Space names Adarsh Parekh as CFO ahead of public listing

Quantum Space, a Rockville, Md.-based spacecraft developer, has appointed Adarsh Parekh as Chief Financial Officer, according to a company press release. Parekh will oversee financial strategy as the company advances its Ranger spacecraft platform and pursues a proposed merger with Inflection Point Acquisition Corp. VI (Nasdaq: IPFX) to enter public markets.

Parekh joins from Sidus Space, where he served as CFO. Before that, he was CFO of Terran Orbital, where he led the company's sale to Lockheed Martin. He began his career in investment banking at Lehman Brothers and later served as a Principal at RRG Capital Management. He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.

"America's security increasingly runs through space and meeting that demand means scaling production of Ranger on a strong financial foundation," said Jim Bridenstine, CEO of Quantum Space. "Adarsh has led finance operations for space companies, overseeing major transactions and public-company milestones, and brings the discipline and sector knowledge we need to responsibly scale."

Quantum Space holds six contracts and pending proposals with the U.S. Space Force, DARPA, and the Air Force Research Laboratory. These include a contract under the Space Force's Andromeda program, described as an indefinite-delivery, indefinite-quantity vehicle aimed at fielding a constellation of maneuverable, refuelable spacecraft in geostationary orbit.

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