Space SPAC: Mission Control Acquisition Files for IPO

The blank-check company filed for a raise of up to $100 million and will target businesses serving the global space economy.

Jack Daleo

Thursday, August 24, 2023 at 06:48 PM ET

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Mission Control Acquisition will target firms that operate in space, including companies that launch and operate satellites. [Courtesy: Pexels]

Key Takeaways:

Mission Control Acquisition Corp., a new Special Purpose Acquisition Company (SPAC), is seeking to raise $100 million in an Initial Public Offering (IPO).
The SPAC's primary objective is to merge with companies operating within the "global space economy," encompassing sectors like space communications, tourism, exploration, and earth observation.
Led by former NASA executive Kira Blackwell and M&A specialist Richard Ambrose, the firm plans to list on the New York Stock Exchange under the symbol MISNU, offering 10 million units at $10 each.

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A blank-check company targeting firms serving the “global space economy” is seeking a $100 million raise for an initial public offering, according to a Securities and Exchange Commission filing.

The special purpose acquisition company (SPAC), Mission Control Acquisition Corp., will seek to merge with companies operating beyond the edge of the atmosphere, be they in the business of space communications, tourism, exploration, navigation, or earth observation.