Quantum Space’s military SPAC is trying to catch SpaceX’s IPO wave

Quantum Space, a startup with plans to build highly maneuverable spacecraft for the U.S. military, announced plans to go public through a $1.2 billion merger with a publicly-traded special purpose acquisition company, or SPAC. In a season of mega-IPOs, there’s something almost quaint about a SPAC — in 2021, a fad for going public through the vehicle began in the space sector and spread throughout the tech world. …