Ursa Major to Enter Public Markets in $2.3 Billion Deal
August 25, 2026
Rocket propulsion and hypersonics startup Ursa Major announced it will go public in a transaction valuing the company at $2.3 billion. Chief Executive Chris Spagnoletti framed the deal as the step that turns the company's current base into the production capacity its customers are asking for. The company builds propulsion for hypersonic weapons and rocket engines. Spagnoletti tied the going-public transaction directly to scaling manufacturing, saying it is intended to convert Ursa Major's exist