Space Startup Led by Trump’s Former NASA Boss Inks SPAC Deal

Quantum Space, a startup led by President Donald Trump’s former NASA chief, will go public through a merger with a special purpose acquisition company in a deal that will value the firm at about $1.2 billion.

Former NASA administrator Jim Bridenstinejoined Quantum Space last month as its chief executive officer.

The company, which develops maneuverable spacecraft for defense missions, announced on Monday it will merge with a SPAC, Inflection Point Acquisition Corp. VI. SPACs raise funds by listing on an exchange, then find a private company to merge with and take it public.

Quantum Space expects the ...