Quick Summary
Additional Context
The Special Purpose Acquisition Company (SPAC) boom was devastating for the additive manufacturing (AM) industry. Peaking in 2021 — and, of course, subsuming companies from industries far beyond AM — the SPAC boom brought billions of dollars into AM and left very little to show for it, other than an investment world that grew wholly wary of AM.
Despite this overall track record, SPACs have been making a comeback, one the AM industry is not exempt from: none other than Ursa Major, the Colorado-based manufacturer of propulsion hardware that leverages metal AM, is combining with Bleichroeder Acquisition Corp. III, in a $2.3 billion deal. The deal is backed by Inflection Point Asset Management, whose portfolio includes strategic infrastructure plays like Intuitive Machines and USA Rare Earth.