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.
