Quantum Space, A Leading Space Defense And Orbital Mobility Company, To Go Public Via Merger With Inflection Point Acquisition Corp.

 June 8, 2026

 Quantum Space, LLC  and Inflection Point Acquisition Corp.  a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the "Business Combination Agreement"), under which Quantum Space will become a publicly traded company.

Quantum Space was co-founded by Dr. Kam Ghaffarian, the Company's Executive Chairman and a visionary entrepreneur and co-founder of commercial space and energy companies. The Company is led by CEO Jim Bridenstine, a former NASA Administrator, naval aviator, and member of Congress.

Bridenstine and the rest of the Quantum Space management team are committed to building the leading space mobility platform, with its flagship vehicle, Ranger, as the foundation of future growth and value creation. Ranger will pair single-fuel, multi-mode propulsion with one of the largest storable fuel capacities in its class at more than 4,000+ kg, a refuellable and modular architecture and an operational life of up to 15 years. Protected by a deep patent portfolio, Ranger is being engineered to reach geosynchronous orbit (GEO) and beyond, with up to 70% lower cost than conventional architectures beyond low earth orbit (LEO), based on management estimates and internal analysis.

Quantum Space believes Ranger's favorable cost economics, maneuverability, and persistence will distinguish it from any spacecraft currently in operation. The platform is being engineered to operate autonomously across orbits critical to U.S. national security, including LEO, the most congested and contested domain, and medium earth orbit, which hosts GPS fleets. From there, Ranger reaches GEO, where critical national security satellites maintain continuous coverage, and on to cislunar space, the strategic high ground between Earth and the Moon.

The Company has achieved significant market traction, attracting a diverse customer base that spans the full breadth of the U.S. national security space enterprise. The Company has six contracts and pending proposals with the U.S. Space Force, the Department of War, DARPA, and the Air Force Research Laboratory and has identified a pipeline of additional opportunities which the Company's management estimates to have an unweighted estimated value of more than $5 billion across the national security, civil, and commercial space markets. Anchoring this portfolio is the Company's contract award under the U.S. Space Force's flagship Andromeda program, an IDIQ vehicle with a ceiling value of $6.2 billion (representing the maximum shared contract value across 14 contract awardees) aimed at fielding a proliferated constellation of maneuverable, refuellable spacecraft in GEO.  The Company has not yet been allocated any specific amount of funding under this contract.

"I founded Quantum Space to build a company I believe the United States needs to lead in this contested era — and we now have the platform, technology, and team to work to shift paradigms. As NASA Administrator, Jim Bridenstine helped shape the creation of the U.S. Space Force and laid the foundation for the national security space enterprise we serve today. With Jim at the helm, we are positioned to disrupt the orbital economy and lead the shift from a launch-defined era to a mobility-defined one, with Ranger built to define it," said Kam Ghaffarian, Executive Chairman and Co-Founder of Quantum Space.

Jim Bridenstine, CEO of Quantum Space, stated: "We have designed Ranger to satisfy the U.S. Space Force's Theory of Competitive Endurance: avoiding operational surprise, denying first-mover advantage, and enabling counter-space campaigning. We believe Ranger will enable us to meet accelerating demand in an environment where sustained maneuverability is no longer optional. Being a public company will better allow us to scale production, deliver on the contracts we've already won, and serve new national security, civil, and commercial customers who have been waiting for this platform."

Michael Blitzer, Chairman of Inflection Point, stated: "Quantum Space is defining the space national security industry at a pivotal moment for American space preeminence. Its differentiated, highly maneuverable spacecraft has already earned meaningful traction with the U.S. national security space enterprise, including six contracts and pending proposals, as well as selection on the U.S. Space Force's flagship Andromeda program."

"Kam Ghaffarian and Jim Bridenstine have played central roles in the sector's most consequential programs of the past decade," Blitzer continued. "Their vision for Quantum Space arrives as defense spending, space infrastructure, and America's strategic priorities in orbit are converging."

Quantum Space's operations are anchored by its engineering and mission development facility in Rockville, Maryland, and its propulsion and integration test facility in Hawthorne, California, as well as a spacecraft manufacturing center in Tulsa, Oklahoma, that is currently in development.

Transaction Details 

Quantum Space has a pre-money equity value of $600 million. Post-transaction, Quantum Space is expected to have an equity value of approximately $1.2 billion, assuming no redemptions by Inflection Point's public shareholders. Existing Quantum Space equity holders are expected to retain approximately 50% ownership in the pro forma company. 

In addition to approximately $253 million held in Inflection Point's trust account (assuming no redemptions by the public stockholders), the transaction includes commitments for a convertible PIPE at $12 per share of approximately $300 million. The PIPE is being led by Inflection Point Asset Management, with participation from additional new institutional investors. Proceeds from the transaction will fund accelerated production of the Ranger platform and expansion of manufacturing facilities, positioning the Company to compete for a growing pipeline of national security, civil, and commercial missions.

The transaction, which has been unanimously approved by the boards of directors of both Quantum Space and Inflection Point, is expected to close in the fourth quarter of 2026, subject to approval by Inflection Point stockholders and other customary closing conditions. Upon closing, the combined company will use the Quantum Space name and expects to be listed on the Nasdaq under the ticker symbol "QSPC."