The Space Investor - 🚀 Innospace Goes Public

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• The merger has an equity value of ~$4.7 billion, or $37.25 per share. The total transaction value is ~$8.3 billion, which includes Spirit's last reported net debt.
   
• Each share of common stock will be exchanged for a number of shares of Boeing common stock with an exchange ratio of 0.18-0.25.
   
• Both Boeing and Spirit shares closed higher at +2.6% and +3.4%.
   
• To clear any confusion, the Spirit that was acquired is NOT Spirit Airlines (ticker: $SAVE).

• The South Korean launch vehicle startup closed its first trading day at ₩34,450, down from its high end of the price ranged offered to investors of ₩43,300. The close gave the company a market cap of ₩323 billion.
   
• The Company said in June it saw strong interest in its IPO, which led to ₩57.6 billion raised for the company.
   
• The funding is expected to go towards expanding vehicle production and work on incorporating reusability into its vehicles, along with hiring more employees.
   
• “Innospace is committed to accelerating the development of our launch vehicles to achieve early market entry and providing stable, customized launch services, ultimately growing into a competitive player in the global space market," said Soojong Kim, CEO.
   
• Shares fell another -9.6% on Wednesday.

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