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iRocket and Wilbur Ross-Backed BPGC Acquisition Corp. Announce a $400 Million Merger Letter of Intent
June 2, 2025
Innovative Rocket Technologies Inc. ("iRocket"), a reusable space rocket developer, and BPGC Acquisition Corp. ("BPGC"), a special purpose acquisition company sponsored by The Hon. Wilbur Ross, the 39th U.S. Secretary of Commerce with more than 55 years of private equity and investment banking experience, and BPGC Management LP, jointly announced today that they entered into a non-binding letter of intent for a proposed business combination. In connection with the closing of the contemplated transaction, the parties expect to apply to list iRocket on Nasdaq.