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Aviation Startup Merlin Labs Valued at $800 Million in Public Listing Deal

Aviation Startup Merlin Labs Valued at $800 Million in Public Listing Deal
Merlin Labs, an autonomous aviation startup based in Boston, is preparing to enter the public markets through a merger agreement with a special purpose acquisition company (SPAC) managed by New York-based Inflection Point. The transaction, expected to close early next year, values Merlin Labs at $800 million, preceding a planned private share purchase.
Expansion and Strategic Growth Plans
Under the leadership of CEO Matt George, Merlin Labs is developing technology designed to enable commercial and military aircraft to operate with a single pilot, with the ultimate goal of achieving fully autonomous flight. The capital raised from the public listing will be directed towards expanding the company’s workforce, currently numbering 170 employees, and supporting potential acquisitions. Additionally, Merlin is close to finalizing a lease agreement for a substantial portion of a former Navy hangar at Hanscom Field in Bedford, Massachusetts. This facility, previously occupied by defense contractor Raytheon (now RTX), could accommodate up to 200 employees, marking a significant step in Merlin’s operational growth.
Market Context and Industry Challenges
Merlin’s ambitious expansion occurs amid a volatile market environment and increasing competition within the aviation technology sector. Other startups are also securing substantial investments, exemplified by Firestorm Labs’ recent $47 million Series A funding and Hadrian’s $260 million Series C round. These developments underscore a broader competitive landscape as aviation innovators vie for capital and strategic partnerships.
Regulatory scrutiny presents an additional challenge, with authorities closely monitoring the advancement and implementation of autonomous flight technologies. Investor confidence in the sector’s growth potential will be critical in shaping the market’s response to Merlin’s public debut.
Despite these uncertainties, CEO Matt George remains confident that the influx of capital and expanded operations will establish Merlin Labs as a leading force in the rapidly evolving field of autonomous aviation.

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