Quantum Space to go public via $1.2B SPAC merger

Quantum Space LLC announced a merger with Inflection Point Acquisition Corp. VI (NASDAQ: IPFX) that will take the spacecraft company public with a post-transaction equity value of approximately $1.2 billion.

The transaction includes a $300 million convertible PIPE investment at $12 per share, with Inflection Point Asset Management leading the funding round. Quantum Space has a pre-money equity value of $600 million, and existing shareholders will retain approximately 50% ownership in the combined company.

Quantum Space, co-founded by Dr. Kam Ghaffarian and led by CEO Jim Bridenstine, develops maneuverable spacecraft for national security and commercial operations. The company's flagship vehicle, Ranger, is designed with single-fuel, multi-mode propulsion and a storable fuel capacity exceeding 4,000 kg.

The company has secured six contracts and pending proposals with the U.S. Space Force, Department of War, DARPA, and Air Force Research Laboratory. Quantum Space was awarded a contract under the Space Force's Andromeda program, an IDIQ vehicle with a $6.2 billion ceiling value shared among 14 contractors, though no specific funding has been allocated yet.

Transaction proceeds will fund accelerated production of the Ranger platform and manufacturing facility expansion. The company operates facilities in Rockville, Maryland, Hawthorne, California, and is developing a spacecraft manufacturing center in Tulsa, Oklahoma.

The merger requires approval from Inflection Point stockholders and is expected to close in the fourth quarter of 2026. Upon completion, the combined company will trade on Nasdaq under the ticker symbol "QSPC."

Cantor serves as lead placement agent and exclusive financial advisor to Quantum Space, while Moelis & Company LLC acts as joint placement agent to Inflection Point.

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