Space Acquisition I in a letter to the SEC said it will withdraw a planned offering of 30 million units.
The blank-check company had planned to focus on businesses engaged in the commercialization of space, with enterprise values in excess of $1 billion.
Co-CEO Raphael Roettgen founded E2MC, a space-focused venture capital firm. Co-CEO Kevin Schubert is COO for the SPACs Altitude, Altitude II and Altitude III. The first Altitude SPAC filed a proxy earlier this week seeking a deadline extension.
The SPAC had intended to apply for a Nasdaq listing with Cantor serving as sole book runner on the deal. Read more.
