Quantum Space to list via $1.2B SPAC merger

Quantum Space announced plans to go public through a merger with Inflection Point Acquisition Corp. VI, a SPAC transaction that implies a $1.2 billion equity value for the combined company. The deal is expected to bring in about $250 million from Inflection Point’s trust and roughly $300 million in PIPE financing, while the company plans to trade on Nasdaq under the ticker QSPC.

The merger is designed to fund Quantum Space’s push to build highly maneuverable spacecraft for national-security customers, with management saying the capital will help expand manufacturing in Tulsa, Oklahoma. The company said it expects the first Ranger-class satellite delivery next year and has outlined plans to ramp toward larger-scale production over time.

Quantum Space is led by former NASA administrator Jim Bridenstine and was cofounded by Kam Ghaffarian, who also backed Intuitive Machines. The company has said it already has multiple contracts and proposals tied to government and defense customers, and it expects the transaction to close subject to stockholder approval and other customary conditions.