Quantum Space, a military space startup, is going public via a $1.2 billion SPAC merger to capitalize on growing U.S. Space Force demands. Led by former NASA administrator Jim Bridenstine and backed by space investor Kam Ghaffarian, the company aims to build maneuverable spacecraft for orbital operations. This move follows Ghaffarian's previous success with Intuitive Machines, now a $6.4 billion space company.
Background
SPACs (Special Purpose Acquisition Companies) became a popular way for space companies to go public in the early 2020s, though many proved risky for investors. The U.S. Space Force, established in 2019, has been driving increased demand for military space capabilities.
- Source
- TechCrunch
- Published
- Jun 12, 2026 at 12:59 AM
- Score
- 7.0 / 10