iRocket, A Next-Generation Reusable Rocket Developer, To Go Public Via $400 Million Merger With ...

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

iRocket is aiming to hit the public markets but the SPAC vehicle doesn't have much cash left.

Launch startup iRocket agrees to merge with Wilbur Ross-backed SPAC

Innovative Rocket Technologies (iRocket) has agreed to merge with BPGC Acquisition Corp., a shell company backed by former U.S. Commerce Secretary Wilbur Ross that has faced challenges landing a deal since going public, to help fund development of its reusable launch vehicle. The post Launch startup iRocket agrees to merge with Wilbur Ross-backed SPAC appeared first on SpaceNews.

Rocket Startup Enters $400 Million Deal With Wilbur Ross’ SPAC

Aspiring rocket developer Innovative Rocket Technologies Inc., backed by an investor group funded by a number of technology moguls, announced a deal Wednesday to go public via a $400 million merger with a special purpose acquisition company, or SPAC, backed by Wilbur Ross.

Space startup iRocket to go public via $400 million SPAC deal

Reusable rocket developer Innovative Rocket Technologies, commonly known as iRocket, will go public in the U.S. through a $400 million merger with special purpose acquisition company BPGC Acquisition, the companies said on Wednesday. SPAC deals, which took a backseat following a boom in 2020-2021, have seen a

iRocket, A Next-Generation Reusable Rocket Developer, To Go Public Via $400 Million Merger With ...

iRocket plans to revolutionize space propulsion and launch through its next-generation rocket engines and launch systems that are scalable reusable, and more cost-effectiveiRocket and BPGC, a special purpose acquisition company sponsored by The Hon. Wilbur Ross, the 39th U.S. Secretary…

iRocket, A Next-Generation Reusable Rocket Developer, To Go Public Via $400 Million Merger With Wilbur Ross-Backed BPGC Acquisition Corp.

iRocket plans to revolutionize space propulsion and launch through its next-generation rocket engines and launch systems that are scalable reusable, and...