Quantum Space names Adarsh Parekh CFO to lead Ranger SPAC merger
IPFX•Quantum Space named Adarsh Parekh CFO, leveraging his 20+ years at Sidus Space, Terran Orbital and in investment banking. He will drive financial strategy for the Ranger spacecraft, oversee the planned SPAC merger with Inflection Point Acquisition Corp. VI and manage six U.S. defense contracts.
1. CFO Appointment
Quantum Space appointed Adarsh Parekh as Chief Financial Officer, drawing on his more than two decades in space and technology finance. Parekh’s background includes CFO roles at Sidus Space and Terran Orbital, where he led major transactions including a sale to Lockheed Martin, and early career stints at Lehman Brothers and RRG Capital.
2. SPAC Merger Strategy
Parekh will oversee the financial strategy underpinning Quantum Space’s proposed combination with Inflection Point Acquisition Corp. VI. His remit covers capital markets engagement, disciplined financial operations and preparation for public-company requirements as the Ranger platform advances toward launch.
3. Defense Contracts and Ranger Program
Quantum Space holds six contracts and proposals with the U.S. Space Force, DARPA, the Air Force Research Laboratory and the Department of War, including an award under the Andromeda IDIQ. Parekh will ensure funding and financial discipline for the development, production scaling and deployment of the Ranger spacecraft platform.
