People close to the situation, who asked not to be named because the talks are private, said Stratolaunch is backed by Cerberus Capital Management and Elliott Investment Management. They added that no final call has been made yet, and both the schedule and deal design could shift.
One of the people said ICR Capital is serving as a corporate adviser to Stratolaunch. Spokespeople for Stratolaunch, Cerberus, Elliott, Goldman Sachs, Citigroup and ICR would not comment. Elliott took a stake in January in a deal intended to help expand the company's hypersonic production and flight capacity.
Per the company's website, Stratolaunch operates the only reusable platform for hypersonic flight testing in the US, and runs manufacturing and test sites in California's Mojave Desert. In July, the company reported it had topped 10 hypersonic missions with the fully autonomous, reusable Talon-A aircraft. Cerberus acquired Stratolaunch after the death of former owner Paul Allen, the Microsoft Corp. co-founder.
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If an IPO filing lands this month and an October launch follows at a $2 billion to $3 billion valuation raising as much as $500 million, everyday investors will get a clearer look at how Stratolaunch's assets and backers stack up.
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