Source: CNBC
Summary
Quantum Space, a space technology company, is seeking a $1.2 billion deal to build military spacecraft, according to CNBC. The company claims that Special Purpose Acquisition Companies (SPACs) are not dead, despite a decline in their popularity. Quantum Space plans to use the funding to develop advanced spacecraft for the US military.
Our Reading
The launch follows a familiar script.
Quantum Space wants $1.2 billion to build military spacecraft. Because what’s more innovative than building spacecraft for the military? The company is using a SPAC, because who needs traditional funding methods? And they’re doing it with confidence, because that’s what you do when you’re building military spacecraft.
Original observation: Because nothing says “disruption” like a billion-dollar military contract.
Author: Evan Null
