Astro Digital to Go Public via SPAC at $587M Valuation

Satellite manufacturer Astro Digital plans to go public through a merger with blank check company Proem Acquisition Corp I at a $587 million enterprise value. The deal is expected to close in the first quarter of 2027 and provide $180 million in financing, including a $50 million PIPE. Revenue grew from $25 million in 2024 to $34 million in 2025, with $50 million expected this year.

• Deal valued at $587 million, expected to close in Q1 2027
• $180 million financing: $130 million from SPAC and $50 million PIPE
• Revenue rose from $25 million in 2024 to $34 million in 2025, $50 million expected
• Company has delivered nearly 40 satellites for NASA, Sony, Boeing and others