Aerospace and defense SPAC Mission Space Acquisition files for a $100 million IPO

Mission Space Acquisition, a blank check company targeting the aerospace and defense services industries, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The Cape Canaveral, FL-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one half of a warrant, exercisable at $11.50. At the proposed deal size, Mission Space Acquisition would command a market value of $125 million.

Mission Space Acquisition is led by CEO and Director Kira Blackwell, a former executive within the Space Technology Mission Directorate at NASA, and Chairman Richard Ambrose, the President of Ambrose Advisors and former EVP of Lockheed Martin Space. The company plans to target businesses in the aerospace and defense services industries, with the goal of contributing to the global aerospace and defense economy.

Management is behind another SPAC, Mission Control Acquisition (MISNU.XX), which filed in August 2023 under the same proposed ticker as Mission Space Acquisition. The company has not updated its prospectus since its initial filing.

Mission Space Acquisition was founded in 2024 and plans to list on the NYSE under the symbol MISNU. B. Riley Securities is the sole bookrunner on the deal.