iRocket to Go Public in $400 Million Merger with BPGC Acquisition Corp

iRocket, an innovative developer of reusable rocket technology, is set to go public through a $400 million merger with BPGC Acquisition Corp., a special purpose acquisition company backed by Wilbur Ross. This merger will enable iRocket to enhance its mission of providing cost-effective space access.

The company boasts impressive early-stage investors, including Village Global, which is supported by luminaries like Bill Gates and Eric Schmidt. iRocket's advancements include the MACH-i Landing Engine and the modular Shockwave launch vehicle, designed for rapid reusability and fueled by sustainable propellants.

With significant contracts from the Department of Defense and over $1 billion in potential customer agreements, iRocket is poised to play a crucial role in the expanding space economy, projected to reach $1.8 trillion by 2035. The merged entity will operate as iRocket Technologies Inc. on the Nasdaq.