Time for lift off, NorthStar Earth & Space to go public via $30 million SPAC merger

NorthStar Earth & Space Inc., a space situational awareness company, announced a definitive merger agreement with special purpose acquisition company Viking Acquisition Corp. I (VACI). The transaction values NorthStar at a pre-money valuation of $300 million.

The deal includes a fully committed $30 million common stock private investment in public equity anchored by Cartesian Capital Group, with participation from Canadian and U.S. institutional investors. The transaction is expected to provide minimum gross proceeds of $30 million before considering any additional funds remaining in Viking’s trust account.

Upon closing, the combined company’s shares are expected to trade on the New York Stock Exchange under ticker symbol “NSTR.” The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

NorthStar operates a network of sensors designed to monitor orbital activity and provide threat detection services. The Montreal-based company serves commercial customers and governments with space situational awareness and space domain awareness capabilities. NorthStar maintains a European headquarters in Luxembourg and U.S. operations in New York.