Tag: Quantum Space
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Quantum Space to Go Public in $1.2 Billion SPAC Deal Backed by Former NASA Chief Jim Bridenstine
Quantum Space has agreed to go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. VI in a transaction valuing the combined company at approximately $1.2 billion. The deal includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management and is expected to close…
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Former NASA Chief Bridenstine Named CEO of Quantum Space
Former NASA administrator Jim Bridenstine will become chief executive of Quantum Space, a company focused on in-orbit maneuverability and satellite servicing technologies. Bridenstine, who led NASA from 2018 to 2021, said the new role aligns with his background in national security and defense. “That’s where my background is, and where my heart is,” he said,…
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Quantum Space Names Bridenstine CEO for Defense Push
Why Did Quantum Space Hire NASA’s Former Administrator? Former NASA Administrator Jim Bridenstine is joining Quantum Space as chief executive officer, marking a significant leadership transition as the space situational awareness company pivots toward national security opportunities. Bridenstine, who led NASA from 2018 to 2021 during the Commercial Crew Program’s culmination and Artemis Program launch,…
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Quantum Space Acquires Phase Four Propulsion Technology to Bolster Defense Ambitions
Alabama-based spacecraft maker Quantum Space saidit has acquired Phase Four’s multi-modal propulsion technology and its integration and testing facility in Hawthorne, California, for an undisclosed sum. The move follows Quantum’s $40 million Series A extension round earlier this year. The deal will allow Quantum to integrate Phase Four’s propulsion systems — which combine chemical and…