Space investment via SPACs soars
The space technology industry, a category encompassing everything from rocket launches to satellite operations to the packaging of data acquired from such satellites, is seeing a growing number of announced mergers via special purpose acquisition companies (SPACs), according to a firm that specializes in space innovation.
In the first quarter of this year, for example, Vector Acquisition Company bought Rocket Lab USA at a price valuing the latter at $4.1 billion, Bob Coleman’s NavSight Holdings bought satellite data and analytics services Spire Global, in a deal valuing Spire at about $1.6 billion, and Osprey . . .
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