NorthStar Earth & Space debuts on NYSE American via merger

NorthStar Earth & Space has completed its business combination with Viking Acquisition Corp. I, transitioning into a public company. The combined entity, NorthStar Earth & Space Enterprises, began trading on the NYSE American under the symbol NSTR on October 2, 2026.

The transaction assigns NorthStar an equity value of US$300 million and included US$30 million in private investment in public equity (PIPE) financing, anchored by Cartesian Capital Group.

Market performance during the debut was volatile. NSTR closed its opening session at US$4.45, representing a 42% decrease from Viking’s previous closing price of US$7.72. Approximately 213,000 shares were traded during the session.

NorthStar, a Montreal-based space-tracking firm, holds a US$40-million, 12-month contract to provide space surveillance data to the Royal Canadian Air Force. The company also has an agreement to deploy its next sensors on Kepler Communications satellites.