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A Hypersonic Missile Engine Startup Is About to Go Public in a 2.3 Billion Dollar Deal

Ursa Major, a US company that builds rocket motors and hypersonic propulsion systems, announced it will go public through a merger with a special purpose acquisition company called Bleichroeder Acquisition Corp. III. The deal values Ursa Major at about 2.3 billion dollars and includes at least 350 million dollars in extra investment, part of a bigger wave of aerospace and defense companies going public in 2026.