What Happened
In-Orbit Mobility Company Expands Via Merger
Quantum Space, an in-space mobility company, has announced its intention to go public via a SPAC merger with Inflection Point Acquisition Corp. VI. The move is driven by the company’s desire to quickly meet the military’s needs in orbit. Quantum Space is expected to have an equity value of $1.2B after the merger and will receive $253M from Inflection Point’s trust account, plus $300M in Private Investment in Public Equity funds. The company is expecting $24M in revenue this year and $61M in revenue next year. This development was first reported by Payload Space.