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Horizon Space Acquisition II Corp.
Horizon Space Acquisition II Corp. is a blank-check company filed to raise $60 million in a 2024 IPO for a business combination in the space sector.
Horizon Space Acquisition II Corp.
Horizon Space Acquisition II Corp. was incorporated as a blank-check company in the Cayman Islands with a business address in New York. The vehicle filed its S-1 registration with the SEC in early 2024, seeking to raise capital through an initial public offering on the Nasdaq under the ticker symbol HSPT. The sponsor group is led by an individual with previous experience in cross-border investment and SPAC formations. Its stated strategy is to identify and merge with a business operating in the space industry, which includes satellite communications, launch services, space tourism, and related technology infrastructure. The SPAC structure gives it 18 to 24 months post-IPO to complete an initial business combination. The first Horizon Space Acquisition Corp. closed its IPO in December 2022 and entered into a definitive merger agreement with a satellite communications provider in 2023, establishing a track record that the second vehicle seeks to replicate. No team size or additional offices beyond the registered headquarters in New York and the incorporation address in the Cayman Islands have been disclosed. As a pre-revenue acquisition vehicle, Horizon Space Acquisition II Corp. does not manage assets under management in the traditional sense; its trust account will hold the IPO proceeds until a merger closes or the SPAC liquidates. This entity is a pure-play financial structure rather than an operating company, giving public-market investors a path to back a private space company without a direct private placement. Its existence as a 'series II' vehicle signals the sponsor's commitment to the sector and a repeatable process for identifying, negotiating, and closing a business combination in a capital-intensive industry.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Sector focus
Frequently asked questions
What is the investment strategy of Horizon Space Acquisition II Corp.?
The SPAC is focused on completing a business combination with a company in the space industry. While the prospectus does not limit the search to a narrow subsector, it emphasizes satellite communications, launch services, space tourism, and space-related technology infrastructure as target areas. The sponsor's previous vehicle, Horizon Space Acquisition I, entered into a merger agreement with a satellite communications firm, suggesting a practical preference for businesses with existing revenue and technology validation.
How does this SPAC relate to Horizon Space Acquisition I?
Horizon Space Acquisition II Corp. is a successor vehicle sponsored by a related management group. The first SPAC priced a $70 million IPO in December 2022 and announced a combination with a satellite communications company in 2023. The second vehicle follows the same structural blueprint but seeks a slightly smaller initial public offering of $60 million, indicating a return to market with a more conservative capital raise target.
What happens if Horizon Space Acquisition II Corp. does not complete a merger?
Like most SPACs, if the company fails to complete an initial business combination within the prescribed time frame—typically 18 to 24 months from the IPO closing—it must return the funds held in trust to public shareholders and dissolve. The sponsor's shares and warrants would expire worthless, aligning incentives to execute a deal.
Who leads the management team behind this SPAC?
The registration statement identifies the sponsor as an entity controlled by an individual with a background in cross-border investment and prior SPAC management. The specific executive and board composition is detailed in the SEC filings, which should be referenced for the most current names and biographies.
Is a SPAC investment suitable for an institutional portfolio?
SPAC investments carry unique structural risks distinct from traditional private market allocations. Investors purchase units typically comprising shares and warrants, with redemption rights allowing them to withdraw their capital before a merger closes. For institutional allocators tracking space-sector exposure, a SPAC represents a liquid, time-bound vehicle whose ultimate risk profile depends almost entirely on the target company selected, not the sponsor's operational track record alone.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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