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 US 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 resurgence this year as macroeconomic uncertainties led by President Donald Trump’s tariff policies continue to temper dealmaking.
