You might be growing tired of the neologism “SPACtacular” by now, but it’s hard to avoid when there are new merger deals with special purpose acquisition companies (SPACs) occurring in the 3D printing industry on a near weekly basis. Just last week, 3D printing service bureau Shapeways told the world it was going to use a SPAC to launch an IPO. The latest is that of Redwire with Genesis Park Acquisition Corp. (NYSE: GNPK). The company, which acquired space 3D printing pioneer Made In Space in June 2020, announced a definitive merger agreement with Genesis Park that will be completed by the second quarter of 2021.
Made In Space’s Additive Manufacturing Facility, the first commercial 3D printer in space. Image courtesy of Made In Space.
Redwire is an interesting entity, in that it was the creation of private equity firm AE Industrial Partners, formed when AEI acquired space firms Adcole Space and Deep Space Systems (DSS) in 2020 to form Redwire. AEI was established in 1998 with a focus on investing in middle market aerospace companies.
“As an innovative space infrastructure leader, Redwire is set to power a new age of space travel, exploration and commerce,”