Pono Capital Four signs merger deal with Blackstar Orbital at $380 million valuation
Reuters2026/08/06 13:25- Pono Capital Four signed a merger agreement with Blackstar Orbital Technologies, taking the reusable spacecraft developer public.
- Blackstar Orbital will merge with Pono’s merger subsidiary, becoming a wholly owned unit; Pono plans to rename to Blackstar Orbital Corporation.
- Transaction values Blackstar Orbital at USD 380 million; closing targeted for Q1 2027, subject to shareholder approvals and customary conditions.
- Net cash proceeds are expected to fund technology development and general corporate purposes.
- Blackstar Orbital reported USD 1.9 million in U.S. government R&D funding, backed by signed commercial LOIs exceeding USD 120 million.
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