By Reuters

(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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