Defense Manufacturer Ursa Major to Go Public in $2.3 Billion SPAC Deal

The deal aims to scale the company’s manufacturing capacity to meet rising national security demands. Following the merger, the business will operate as Inflection Point Mach X Bleichroeder Corp. and trade on the Nasdaq. CEO Chris Spagnoletti noted that the transition to public markets provides the transparency and capital necessary to deliver propulsion systems at the scale required for modern deterrence.

Ursa Major currently operates six facilities and has conducted over 5,500 ground tests. The influx of capital is earmarked for expanding production infrastructure, specifically transforming the company’s Galeton, Colorado site into a large-scale manufacturing campus. The firm, which has previously secured $380 million in private funding, has already powered more than a dozen hypersonic missions and is currently advancing solid rocket motor designs for the U.S. Navy.