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Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC

Photographer: Jody Amiet/AFP/Getty Images

Maritime Launch Services Ltd., a Canadian startup that has proposed construction of a spaceport for commercial rocket launches, is in talks to go public through a merger with blank-check firm Ceres Acquisition Corp., according to people with knowledge of the matter.

Ceres is in discussions to raise a so-called private investment in public equity, or PIPE, to support a transaction that would give the combined company a valuation of about $530 million, said some of the people, asking not to be identified discussing private information. Terms could change and, as with any deal that isn’t finalized, talks could collapse.