ICEYE, Isar Aerospace Announce Significant Funding Rounds

Quantum Space announced its intention to go public via SPAC on Monday.The move to take the in-space mobility company public—and to do so via SPAC instead of IPO—is driven by the company’s desire to move quickly to meet the military’s needs in orbit, Quantum Space CEO Jim Bridenstine said in a press conference. The news comes just one month after Bridenstine was named CEO. “We need to go as fast as possible to get these capabilities on-orbit as soon as possible,” said Bridenstine, who previously served as a member of Congress as well as NASA administrator. “We need to scale, and to do that we need capital, but it’s also important to have access to public markets for other things we want to do. But the key right now is speed.”Keep reading