What Happened
Space Intelligence Provider Raises $416 Million
This week saw five IPOs and three SPACs price, led by space intelligence provider HawkEye 360, which raised $416 million at a $2.8 billion market cap. HawkEye 360 provides space-based radio frequency signals intelligence and analytics to government and allied customers. The company’s successful IPO may be a sign of growing demand for space-based intelligence solutions. Other notable IPOs included Odyssey Therapeutics, Suja Life, Mobia Medical, and Rare Earths Americas. This news was first reported by Renaissance Capital.