Ursa Major conducts a full-duration static fire test of the Affordable Rapid Missile Demonstrator (ARMD) at its headquarters in Colorado. Powered by the Draper storable liquid rocket engine, the test supports the Air Force Research Laboratory’s (AFRL) initiative to rapidly prototype and field affordable hypersonic munition concepts.
WASHINGTON — Ursa Major, a Colorado-based defense startup specializing in hypersonics and solid rocket motors, today announced plans to take the company public next year in a $2.3 billion deal.
The agreement involves a merger with the publicly traded Bleichroeder Acquisition Corp., a special purpose acquisition company backed by Inflection Point Asset Management, which works to take companies public. The transaction is expected to close in the first quarter of 2027, according to a news release.
“For eleven years, Ursa Major has invested in the hard work behind that outcome: propulsion, manufacturing, testing, qualification and flight. This transaction will help us turn that foundation into the production capacity our customers need,” Ursa Major CEO Chris Spagnoletti said in a statement. “Becoming a public company aligns with our high standard of transparency and accountability, strengthening our ability to deliver responsibly for the warfighter over the long term.”
