The company went public after finishing its merger with Viking Acquisition Corp. I, a special-purpose acquisition company that listed on the New York Stock Exchange last year. (The Logic)
Talking point: NorthStar gathers and crunches Earth-observation data for purposes like environmental monitoring, and it tracks objects in orbit to help clients (like the Canadian military) avoid collisions. The deal valued NorthStar at US$300 million to begin with and included a further investment of US$30 million led by the U.S.-based Cartesian Capital Group (which led a previous venture investment round) to deploy more space-based sensors. The firm had a rough start on the public markets, losing about 10 per cent of its value by midday.
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