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Shoot for the moon: A look at space de-SPACs after Intuitive Machines’ historic lunar landing

March 5, 2024

Many blank check targets have been referred to as “moonshots,” and that includes some that are shooting for the actual moon. Space-focused startups, a number of which have gone public via SPAC, have gained more attention in recent weeks after Intuitive Machines (LUNR) became the first company to achieve a successful moon landing.

In September 2022, Intuitive Machines inked a merger agreement with Kingstown Capital Management’s Inflection Point Acquisition that valued the combined company at $815 million...

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