{"city":"Berthoud","name":"Ursa Major","slug":"ursa-major","facts":[{"date":"2027-01-01","type":"ownership_change","value":"Merger approved by both boards; expected to close in Q1 2027 subject to approvals","source":"Ursa Major"},{"date":"2027-01-01","type":"ownership_change","value":"Boards of Ursa Major and Bleichroeder unanimously approved the transaction, expected to close in Q1 2027","source":"Ursa Major"},{"date":"2027-01-01","type":"ownership_change","value":"Boards unanimously approved business combination with Bleichroeder Acquisition Corp. III; expected closing in Q1 2027","source":"Ursa Major"},{"date":"2027-01-01","type":"ownership_change","value":"Boards of Ursa Major and Bleichroeder approved the transaction, expected to close in Q1 2027 subject to approvals","source":"Ursa Major"},{"date":"2026-08-27","type":"ownership_change","value":"USD 2300000000","source":"SpaceNews"},{"date":"2026-08-27","type":"ownership_change","value":"Planned merger with Bleichroeder Acquisition Corp. III valuing the combined business at $2.3 billion","source":"SpaceNews"}],"peers":[{"name":"Agile Space Industries","rank":100,"slug":"agile-space-industries","score":"63"}],"stage":"Private","state":"Colorado","aliases":["Ursa Major"],"country":"United States","domains":[{"why":"Ursa Major manufactures and supplies in-space propulsion systems and rocket motors for aerospace and launch customers.","list":"Space 100","rank":29,"tier":"member","layer":"Launch","total":79,"domain":"Space","scores":{"leverage":8,"position":8,"progress":10,"firepower":8,"commercial":6,"deployment":8,"production":6,"technology":8},"edition":"November 2026","segment":"Propulsion & engines"}],"founded":2015,"signals":[{"date":"2026-08-25","header":"Ursa Major opened a new rocket-manufacturing facility in Longmont, Colorado.","outlet":"SpaceNews"},{"date":"2026-08-25","header":"Ursa Major plans to go public through a $2.3 billion SPAC merger.","outlet":"SpaceNews"},{"date":"2026-08-25","header":"Ursa Major plans to expand its Galeton, Colorado site into a large-scale solid rocket motor production campus.","outlet":"Ursa Major"},{"date":"2026-08-25","header":"Ursa Major is advancing the U.S. Navy’s MK 104 rocket motor design under a new $10 million award.","outlet":"Ursa Major"},{"date":"2026-08-25","header":"Ursa Major’s SPAC transaction carries an approximately $2.3 billion post-transaction equity valuation.","outlet":"Ursa Major"},{"date":"2026-08-25","header":"Ursa Major secured at least $350 million in PIPE commitments to expand defense production.","outlet":"Ursa Major"}],"website":"https://ursamajor.com","category":"Space · Components","categories":[{"name":"Propulsion & engines","domain":"Space","parent":"Space · Launch"}],"last_round":null,"updated_at":"2026-09-22T22:06:37.361+00:00","facts_total":180,"positioning":"Ursa Major is a US propulsion maker whose Hadley engine powers a DoD hypersonic test bed and whose Draper engine is prime on AFRL's Affordable Rapid Missile Demonstrator, across three businesses (hypersonics, solid rocket motors, space propulsion), with revenue of $18.5M in 2024 rising to $45M in 2025 and ~$100M projected for 2026. It announced a definitive SPAC merger with Bleichroeder III in August 2026 at ~$2.3B post-money (a Nasdaq close targeted for Q1-27), unveiled its HAVOC missile (February 2026), and opened a Longmont facility. A disclosed risk: its projections assume an 88% CAGR in the US munitions budget, and customers are concentrated (USAF, Navy, RTX, BAE).","sub_category":"Propulsion components","signals_total":34,"url":"https://www.frontiertechintelligence.com/companies/ursa-major","title":"Ursa Major · space, Berthoud, Colorado, United States · scores, facts and signals · Frontier Tech Intelligence","description":"Ursa Major manufactures and supplies in-space propulsion systems and rocket motors for aerospace and launch customers. Space 100 rank 29 (score 79) 34 signals and 180 facts with sources.","publisher":"Frontier Tech Intelligence (Future Frontiers, a trade name of Essential Cognition Inc.)","note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}