RL - Rocket startup Maritime Launch said in talks to go public through SPAC Ceres Acquisition

Maritime Launch Services, a Canadian startup with plans for commercial rocket launches, is said in discussions to go public through a deal with Ceres Acquisition Corp (OTCQX:CERAF). Ceres is in talks to raise funding through a PIPE deal that would give the combined company a value of about $530M, according to a Bloomberg report. News of the potential transaction comes a day after Astra Space Inc. (NASDAQ:ASTR), another rocket launch company that went public through as SPAC deal last year, plunged 26% on Thursday after its rocket malfunctioned and its mission failed. Maritime Launch is a Canadian-owned commercial aerospace company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, which will be the first commercial orbital launch complex in Canada, according to a press release. Maritime would join several other space/logistics companies that used the SPAC structure to go public in the last year including Virgin Orbit (NASDAQ:VORB), Rocket Lab

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Rocket startup Maritime Launch said in talks to go public through SPAC Ceres Acquisition