What Happened
Hypersonics Startup Expands Production Capacity Through Merger
Ursa Major, a Colorado-based defense startup specializing in hypersonics and solid rocket motors, has announced plans to go public in a $2.3 billion deal. The company will merge with Bleichroeder Acquisition Corp., a special purpose acquisition company, with the transaction expected to close in the first quarter of 2027. Ursa Major has raised over $380 million in private capital and currently employs more than 360 people across six facilities. The company has also received investment from the Defense Department and has conducted successful tests of its Draper liquid rocket engine. This development was first reported by Breaking Defense.