A Special Purpose Acquisition Corporation

Karman Line
Acquisition Corp.

Karman Line Acquisition Corp. focuses on companies that are in or adjacent to the space-industry ecosystem — including data analytics, wireless technologies and data infrastructure.

The opportunityOur team →
Nasdaq·XTERU
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01 — About

Operators and investors, working the same orbit.

Karman Line was formed by space and financial industry executives with decades of financial and technical experience in the sector.

02 — Opportunity

A large, rapidly growing addressable market.

$626B1
Global space economy · 2025
→
$1.8T2
WEF/McKinsey estimate · 2035
~3× the 2025 figure

01

Privatization & falling costs

Reusable rockets cut launch costs from ~$10,000 to ~$1,400/kg — Falcon 9 boosters now fly 20+ times. Commercial players led by SpaceX and Amazon drive ~78% of the economy.1

02

Communications engine

Novaspace estimates satellite broadband at ~$14B in 2025 and ~$33B in 2030 — an ~18% CAGR. Starlink passed 10M users on 7,000+ satellites; Amazon’s Kuiper is licensed for a constellation of 3,236 satellites.1

03

Space Race 2.0

Government & defense is ~45% of the market on record ~$135B budgets. Novaspace projects U.S. defense space spending above $110B in 2030.1

Platforms & SensorsMobile CommunicationsInternet of ThingsAI & Big Data Analytics
  1. 1Novaspace, Space Economy Report (2025).
  2. 2World Economic Forum & McKinsey & Company, “Space: The $1.8 Trillion Opportunity,” 2024.

Market-size and growth figures are third-party estimates based on assumptions, are not independently verified by the Company, and are not guarantees of future performance.

03 — Strategy

How we source and evaluate a combination.

01

Industry knowledge & connections

Decades of combined experience building and investing across our target sectors, with relationship networks spanning the financial, corporate, legal and operational worlds.

02

Deep domain expertise

Long-standing relationships with many of the strongest and most dynamic management teams across our target sectors, validated through ongoing advisory work.

03

A value-added partner

Counterparties have treated our principals as strategic partners rather than purely financial ones, drawing on advisory expertise and sector relationships that extend beyond the closing of a transaction.

06 — Team

Domain experts with a decades-long track record in space and finance.

LeadershipExecutive officers and board principals.

Richard C. Davis

Chief Executive Officer & Director

  • Three decades across investment banking (Salomon Brothers), private equity (Lehman Brothers) and venture capital (VantagePoint)
  • Co-Founder of ArgoSat Advisors, a highly specialized commercial space and satellite advisory firm founded in 2009; former CEO of Descartes Labs
  • Led Endurance Acquisition Corp.'s combination with SatixFy
  • Director of EarthDaily Analytics and AscendArc

Dr. Graeme Shaw

Chief Technology Officer

  • Three decades in aerospace and telecommunications; recognized expert in satellite engineering
  • Co-Founder of ArgoSat Advisors and former COO of Descartes Labs
  • Conceived, designed, financed and operated dozens of satellites, through the entire lifecycle
  • Chief Technology Officer of Endurance Acquisition Corp.
  • ScD Aeronautics & Astronautics, MIT

Vik Mittal, CFA

Chief Financial Officer & Director

  • Managing Member of Meteora; 20+ years of buy-side experience across event-driven strategies: converts, structured financings, SPACs and high-yield loans
  • Executive Chairman / CFO for Berto Acquisition SPACs; Co-CEO of CSLM III
  • Former portfolio manager at Glazer Capital and founding TMT investment-banking team member at Raymond James
Independent DirectorsIndependent oversight across spectrum, intelligence and finance.

Michael Leitner

Independent Board Member

  • Partner and Senior Managing Director at Stonepeak, leading the firm's credit platform
  • Former co-head of BlackRock's $17B+ Direct Lending and Special Situations practice; earlier Managing Partner at Tennenbaum Capital Partners
  • Previously CEO of GlobeNet, with senior roles at WilTel, Microsoft and Merrill Lynch; director of Digicel, Astound Broadband and Tillman Infrastructure
  • B.A., UCLA; M.B.A., Michigan

Keith Masback

Independent Board Member

  • 35+ years as a military, government and private-sector leader in geospatial intelligence and remote sensing
  • Board Chair of EarthDaily Federal; director of ICEYE US and Cognitive Space; Co-Founder of Earth Fire Alliance and its FireSat wildfire-monitoring system
  • Former senior U.S. Army and Intelligence Community executive, including Director of Source Operations at NGA; CEO of USGIF for a decade

Beth Michelson

Independent Board Member

  • President of NorthStar U.S. since 2025, CFO since 2024 and board member since 2022
  • Partner at Cartesian (since 2006), leading investments in digital infrastructure, specialized manufacturing and telecom services
  • Former director and audit chair of Safeguard Scientifics; earlier at AIG Capital Partners, Wasserstein Perella and Dresdner Bank
  • MBA and MIA from Columbia; CFA charterholder
Special AdvisorsSatellite leadership and premier transaction experience.

Harry You

Special Advisor

  • Current chairman of Broadcom and founder of the Berto SPAC franchise
  • Former CFO of Oracle and Accenture; guided Accenture through its IPO
  • Former CEO of BearingPoint; EVP at EMC (2008–2016); former Morgan Stanley MD
  • Chairman and CEO of dMY Squared
  • M.A. Economics, Yale; B.A., Harvard

Suzi McBride

Special Advisor

  • 30+ years in satellite and telecom spanning engineering, constellation programs, launch and operations
  • COO of Iridium since 2019 and director since 2020; former COO of OneWeb
  • Began as a senior engineer on the original Iridium constellation at Motorola
  • Director of Skyworks Solutions; MBA, University of Tennessee; degrees from Columbia and Claremont McKenna

V. Noah Campbell

Special Advisor

  • 20+ years in wireless telecom focused on acquiring, financing and repositioning licensed spectrum assets
  • Co-founder & CEO of RS Access, formed in 2018 with MSD Capital (Michael Dell’s family office); among the largest U.S. holders of 12 GHz spectrum licenses
  • Advisor for IPK Technologies LLC
  • J.D., Catholic University; B.A., University of Vermont

The board consists of five members, three of whom are independent directors under Nasdaq listing standards. Special advisors serve in a non-fiduciary advisory capacity and are not officers or directors of the company. Past performance is not a guarantee of future results.

05 — Vision

More than capital.
Value over the long term.

07 — Investor Relations

Filings and disclosures.

No filings or disclosures are available at this time.

SEC Filings

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Press Releases

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Corporate Governance

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Tax Information

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