Quantum Space, founded in 2022, is a space infrastructure company focused on developing spacecraft for geosynchronous and cislunar operations. Their Ranger spacecraft are designed for extended life, in-space mobility, on-orbit servicing, and data collection, particularly space domain awareness. Quantum Space aims to establish a "space superhighway" by providing infrastructure for travel and operations in deep space. Key partners include GEOST, Blue Canyon Technologies, and Beyond Gravity, and they have received investment from Sporos Capital Partners.
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Both boards unanimously approved the merger between Quantum Space and Inflection Point Acquisition Corp.
Quantum Space maintains propulsion integration and test capabilities in Hawthorne, California.
Quantum Space will go public through a combination with special purpose acquisition company Inflection Point Acquisition Corp.
Quantum Space targets initial operational capability for its Tulsa facility in the first quarter of 2027.
Quantum Space projected $24 million in revenue for 2026 and $61 million in revenue for 2027.
Quantum Space carries a pre-money equity value of $600 million under the terms of the merger agreement.
Quantum Space has a merger agreement that values the company at $1.2 billion post-transaction.
The Tulsa facility will serve as Quantum Space's primary site for large propulsion tank manufacturing and precision spacecraft parts production.
Jim Bridenstine became Quantum Space CEO one month before the SPAC plan was disclosed.
Quantum Space is expected to receive about $300 million in private investment in public equity funds.
Quantum Space is expected to have an equity value of $1.2 billion after the merger closes.
Quantum Space has a pre-money equity value of $600 million.
Quantum Space is expected to receive about $253 million from Inflection Point's trust account.
Quantum Space expects $61 million in revenue next year.
Quantum Space was cofounded by Executive Chair Kam Ghaffarian.
Quantum Space expects the transaction to close in Q4.
Quantum Space's technical team is preparing to launch the first mission for its Ranger space tug next year.
Quantum Space has six contracts and pending proposals with national-security customers including the Space Force, DARPA, and AFRL.
After the transaction closes, Quantum Space will trade on Nasdaq under the ticker QSPC.
Quantum Space's expected revenue is largely driven by milestone payments on contracts it has already won.