NewSpace AtlasSearch

iRocket

New York startup developing Shockwave, a small rocket designed to recover and reuse every stage for fast-turnaround military launches. It has Air Force research funding but has not flown, and a planned SPAC merger ended in April 2026. (1 product in the atlas)

Products, by altitude

Launch · From the pad to orbit

  • In development

    Shockwave

    Planned fully reusable small rocket for short-notice launches

Milestones

  • Apr 2026 iRocket terminated its merger agreement with BPGC Acquisition Corp. after the deal missed its March 16, 2026 completion deadline; talks to reinstate it failed.⁠1
  • Jul 2025 Agreed to merge with BPGC Acquisition Corp., a SPAC sponsored by Wilbur Ross, at a $400 million valuation with a planned Nasdaq listing. TechCrunch noted the SPAC trust had about $1.6 million left after redemptions.⁠2
  • Jun 2025 Payload reported iRocket holds an $18 million CRADA with the Air Force Research Laboratory, a $1.8 million Space Systems Command TACFI award (2023) and a $1.5 million SBIR (2020). Company statement⁠3

Sources

  1. SEC EDGAR (BPGC Acquisition Corp. Form 8-K, Item 1.02)Jun 25, 2026
  2. TechCrunchJul 23, 2025
  3. PayloadJun 3, 2025
  4. SEC EDGAR (BPGC Acquisition Corp. Form 425, Exhibit 99.1 press release)Jul 23, 2025

Updated Oct 22, 2026 · How we source facts · Suggest a correction