Quantum Space will go public via a $1.2 billion SPAC merger led by Kam Ghaffarian, targeting maneuverable Ranger spacecraft for the US Space Force and vying for task orders under the $6.2 billion Andromeda reconnaissance contract. Intuitive Machines shares rose as traders rotated into space stocks after SpaceX pre-IPO fatigue.
Quantum Space, founded by Kam Ghaffarian in 2020, agreed to merge with a SPAC in a deal valuing the combined entity at $1.2 billion. The company’s Ranger spacecraft is designed for high maneuverability, extended orbit residency and in-orbit refueling to meet strategic US Space Force requirements.
Quantum Space won selection for task orders under the $6.2 billion Andromeda reconnaissance program, competing to deploy Ranger vehicles on funded missions starting in 2030. Success in Andromeda could drive significant contract revenue and validate in-orbit servicing capabilities.
Intuitive Machines shares rose sharply on Thursday as traders rotated into perceived sector winners following a recent unload tied to SpaceX’s pending IPO and a short-squeeze unwind. The rally highlights sustained investor appetite for established lunar and orbital robotics specialists.
