What Happened
Aerospace Manufacturer Expands Production Capacity Through Inflection Point
Aerospace and defense manufacturer Ursa Major has announced plans to go public through a $2.3 billion special purpose acquisition company (SPAC) deal with Inflection Point, backed by Inflection Point Asset Management. The transaction values Ursa Major at $1.6 billion pre-money and $2.3 billion post-closing, with proceeds earmarked for scaling output across its core programs, including solid rocket motors, hypersonic engines, and space mobility hardware. Ursa Major has conducted over 5,500 ground tests and 140,000 seconds of testing since its founding, with its engines used in more than a dozen hypersonic missions to date. This deal was first reported by 3D Printing Industry.