TNB Tech Minute: Rocket Maker Ursa Major Plans Debut Via Blank-Check Merger

Aug 25, 2026 · Summarized Aug 25, 2026

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Key takeaways

Ursa Major Technologies is going public via a SPAC merger, valuing the company at around $2.3 billion.
The U.S. IPO market is booming, with record-breaking totals anticipated for 2023, driven by major tech companies like SpaceX and AI firm Anthropic.
A wide range of tech companies, including Aura, Switch, SB Energy, NeoCloud, and Scale, are preparing for upcoming IPOs, indicating a vibrant year for capital markets.
Hyundai Mobis’s expansion into robot components, especially actuators, is poised to generate significant revenue and solidify its role in the robotics industry by 2030.

Summary

Ursa Major Technologies Goes Public

Rocketmaker Ursa Major Technologies is preparing to go public through a blank check merger, which will value the defense contractor at approximately $2.3 billion. The merger involves a special purpose acquisition company (SPAC), and the company plans to start trading on the NASDAQ in early 2027. Ursa Major specializes in developing ultra-fast hypersonic missiles for the Pentagon, and the deal includes at least $350 million of equity investment, primarily from the firm inflection point, known for supporting U.S. critical supply chain companies.

Record-Setting IPO Market and Tech Listings

The U.S. IPO market is on pace for a record-breaking year, boosted by SpaceX's $86 billion raise in its June offering. This year, IPOs are expected to surpass the 2021 record of $156 billion. AI company Anthropic is also teasing a significant debut possibly exceeding SpaceX's haul, alongside numerous smaller tech listings. Meanwhile, Aura, a smart ring maker, is contemplating an IPO this fall after filing paperwork earlier in May. Additionally, companies like Switch, SB Energy, NeoCloud, and Scale are engaging with investors in anticipation of upcoming offerings. OpenAI's chief rival, Anthropic, is considering a 2026 IPO, which might be pushed to 2027. Hyundai Mobis is expanding its robot actuator business, expected to generate substantial revenue by 2030, aligning with Hyundai's evolving strategy to supply robot components.

Hyundai Mobis’s Robot Actuator Business Growth

South Korean automotive parts maker Hyundai Mobis is enhancing its robot actuator division, aiming to produce about 350,000 actuators annually by 2028. These actuators are primarily for Hyundai’s Atlas humanoid robots, with a projected business value of approximately $850 billion by 2030. This growth signifies Hyundai's strategic shift into robotics, with Hyundai Mobis becoming a key supplier in the burgeoning robot industry.

Show notes

Plus: A flurry of tech companies will likely join this year’s IPO bonanza. And Hyundai Mobis’s robot parts business is poised for growth. Imani Moise hosts.

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