The deal with KingsRock Advisors’ Viking Acquisition Corp. I will see the merged company traded on the New York Stock Exchange. It values NorthStar Earth & Space at US$300 million before a US$30-million capital injection led by Cartesian Capital Group, money that NorthStar plans to use for engineering services and parts. (The Logic)

Talking point: NorthStar aims to launch and operate satellites that can do environmental monitoring of Earth’s surface, and also track other satellites and space junk in Earth orbit to warn customers of collisions—and even potential attacks on their equipment. The Canadian and Quebec governments were early backers. Cartesian Capital previously invested in NorthStar in 2023 and named New York-based partner Beth Michelson to the board; she’s now also chief financial officer and head of NorthStar’s U.S. subsidiary. NorthStar launched its first four satellites in 2024 and has won work from the European Space Agency and the United Arab Emirates.