Quantum Space announced a merger agreement with special purpose acquisition company Inflection Point Acquisition Corp. VI on Monday that would take the spacecraft developer public at a post-transaction equity value of approximately $1.2 billion.
The national security spacecraft company, led by former NASA Administrator Jim Bridenstine, will list on Nasdaq under the ticker "QSPC"
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Quantum Space announced a merger agreement with special purpose acquisition company Inflection Point Acquisition Corp. VI on Monday that would take the spacecraft developer public at a post-transaction equity value of approximately $1.2 billion.
The deal includes a $300 million convertible private investment in public equity at $12 per share, led by Inflection Point Asset Management, plus approximately $253 million held in Inflection Point's trust account, assuming no redemptions by public stockholders. Quantum Space's pre-money equity value is $600 million, with existing shareholders expected to retain approximately 50% ownership in the combined company, the company said.
Quantum Space is developing the Ranger spacecraft platform for national security, civil, and commercial missions. The vehicle is designed to operate across multiple orbits — from low earth orbit to cislunar space — with a fuel capacity of more than 4,000 kg, a refuelable and modular design, and an operational life of up to 15 years, the company said. Quantum Space estimates Ranger's cost for operations beyond low earth orbit would be up to 70% lower than conventional architectures, based on management estimates and internal analysis.
The Rockville, Maryland-based company has six contracts and pending proposals with the U.S. Space Force, the Department of War, DARPA, and the Air Force Research Laboratory, and holds an award under the Space Force's Andromeda program, an indefinite-delivery, indefinite-quantity contract with a ceiling value of $6.2 billion shared across 14 awardees. The company said it has not yet been allocated any specific funding under that contract. Its management estimates the broader pipeline of opportunities at more than $5 billion across national security, civil, and commercial markets.
Quantum Space was co-founded by executive chairman Dr. Kam Ghaffarian and is led by CEO Jim Bridenstine, a former NASA Administrator, naval aviator, and member of Congress. "Being a public company will better allow us to scale production, deliver on the contracts we've already won, and serve new national security, civil, and commercial customers who have been waiting for this platform," Jim Bridenstine said in a statement. The company said proceeds from the transaction will fund accelerated production of Ranger and expansion of manufacturing facilities.
The transaction has been approved by the boards of both companies and stockholder approval from Inflection Point is required before the transaction can be finalized, with closing targeted for the fourth quarter of 2026; shares of the merged entity will then be listed on Nasdaq $NDAQ as "QSPC."
Monday's news arrives at a moment when capital markets have warmed considerably to space-related ventures. Space stocks rallied broadly in late May after SpaceX filed its S-1 registration statement with the SEC, with a Bank of America $BAC index tracking U.S. space companies gaining 57% in 2026 through that session.
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