Viking Acquisition Corp. I is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and headquartered in New York. The company was established to identify and merge with a prospective target business, initially without a specific industry or geographic focus. In April 2026, Viking announced a definitive merger agreement with NorthStar Earth & Space Inc., a Canadian company specializing in Space Situational Awareness (SSA) and Space Domain Awareness (SDA). NorthStar operates a proprietary satellite constellation to monitor near-Earth orbits, providing critical data for space traffic management, collision avoidance, and Earth observation. The transaction values NorthStar at a pre-money valuation of $300 million and includes a fully committed $30 million PIPE financing anchored by Cartesian Capital Group. The merger is expected to close in the third quarter of 2026, after which the combined entity will operate as NorthStar and list on the NYSE under the ticker symbol 'NSTR'. Until the transaction is finalized, Viking Acquisition Corp. I operates as a dormant shell company holding the funds raised during its initial public offering in trust.
