July 23 (Reuters) - Reusable rocket developer Innovative

Rocket Technologies, commonly known as iRocket, will go public

in the U.S. through a $400 million merger with special purpose

acquisition company BPGC Acquisition, the companies said on

Wednesday.

SPAC deals, which took a backseat following a boom in

2020-2021, have seen a resurgence this year as macroeconomic

uncertainties led by President Donald Trump's tariff policies

continue to temper dealmaking.

Crypto firm Bitcoin Standard Treasury Company, with over

30,000 bitcoin on its balance sheet, said it was aiming to list

on Nasdaq through a merger with a Cantor Fitzgerald-backed blank

check firm.

SPACs are being increasingly viewed as a viable alternative

to the traditional initial public offerings, which remained

subdued through the tariff saga. However, progress in trade

talks has rejuvenated investor interest in fresh listings.

The company, founded in 2018, specializes in liquid oxygen

and methane-fueled rocket propulsion technology, which

encompasses a quick turnaround time to reload and relaunch,

through its patented engine design.

Space startups have also seen a lot of interest from

investors and venture capital firms, with the World Economic

Forum predicting a $1.8 trillion space economy by 2035.

The company also noted the same number, citing a report by

McKinsey, indicating it as a major opportunity for the rocket

developer.

"iRocket's unique combination of proven engineering talent,

reusable launch systems, and solid rocket motor capability

positions the Company to capture a significant share of the

global launch and propulsion market," said Wilbur Ross, the 39th

U.S. Secretary of Commerce and a sponsor of BPGC.

The transaction, on which Cohen & Company Capital Markets

advised iRocket financially, is expected to be completed in the

fourth quarter of 2025.

The companies intend to list the merged entity on Nasdaq.