Quantum Space, LLC (the "Company" or "Quantum Space"), a company building the next generation of advanced maneuverable spacecraft to disrupt the orbital economy, and Inflection Point Acquisition Corp. VI (NASDAQ:IPFX) ("Inflection Point"), 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.