7 sources · first reported 2d ago

Space-Eyes, a defense technology company, is going public through a $638 million SPAC merger with McKinley Acquisition Corp. The company's CATE AI engine provides geospatial intelligence and counter-drone capabilities by fusing radar, RF, and satellite feeds. This merger values Space-Eyes at $638 million in pro forma equity value and $370 million in enterprise value.
The public listing of Space-Eyes highlights the growing importance of AI and geospatial intelligence in defense technology, with potential applications in counter-drone systems and enhanced situational awareness for military operations.
How this story unfolded across sources, oldest first.