NorthStar Earth & Space to Go Public via SPAC Merger Valued at $300M

• •NorthStar plans to go public through a SPAC merger valued at $300 million.
• •The merger includes a $30 million PIPE investment to fund satellite constellation expansion.
• •NorthStar aims to enhance its Space Situational Awareness capabilities amid previous satellite performance issues.

NorthStar Earth & Space Inc., a Canadian company specializing in Space Situational Awareness, announced plans to go public through a merger with Viking Acquisition Corp. I, a special purpose acquisition company (SPAC), valuing NorthStar at $300 million. The merger is expected to close in the third quarter of 2026, allowing NorthStar to trade on the New York Stock Exchange under the ticker 'NSTR'. The deal includes a $30 million PIPE investment from Cartesian Capital Group, aimed at funding the expansion of NorthStar's satellite constellation and enhancing its capabilities in monitoring orbital activity and detecting threats. NorthStar has previously faced challenges with satellite performance but aims to leverage this merger to scale operations and improve service offerings. The company projects $30 million in revenue for the current year, emphasizing its role in safeguarding orbital environments and advancing sustainability in space.