NorthStar Earth & Space has finalized its business combination with Viking Acquisition Corp. I, forming a publicly traded company valued at $300 million. The newly named NorthStar Earth & Space Enterprises will have its shares and public warrants trading on NYSE American starting October 2, 2026, under the symbols NSTR and NSTR.WS.
The transaction included a $30 million PIPE financing led by Cartesian Capital Group, with support from various institutional investors, aimed at advancing NorthStar’s space-based sensor constellation.
NorthStar’s technology integrates space-based sensors and ground-based optical systems to offer Space Domain Awareness and Space Situational Awareness services for defense and commercial sectors. Their Si² platform provides real-time views of Earth’s orbital activities, essential for detecting and tracking objects and potential threats.
The company’s clientele includes entities like the Royal Canadian Armed Forces and the U.S. Space Force. Regulatory approval for the transaction was granted by the SEC, and shareholders voted to approve it on September 2.
Key Quotes:
- Stewart Bain, CEO of NorthStar, expressed that the public listing will enhance their capacity to build their sensor constellation.
- N. Håkan Wohlin, CEO of Viking, highlighted confidence in NorthStar’s technology and leadership as they transition to a public entity.
