/C O R R E C T I O N -- Balerion Space Ventures/

In the news release, Balerion Space Ventures Expands Leadership Team, issued 22-Apr-2026 by Balerion Space Ventures over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

Balerion Space Ventures Expands Leadership Team and Establishes Texas Headquarters

Venture fund appoints Beau Spradling as Chief Financial Officer, establishes Texas headquarters, and nears completion of $200M fund.

DALLAS, April 22, 2026 /PRNewswire/ -- Balerion Space Ventures, the leading venture capital fund investing in the next generation of space, defense, and deep technology companies, today announced two significant milestones: the appointment of Beau Spradling, CPA, as Chief Financial Officer, and the establishment of the firm's Texas headquarters. The announcements come as the Fund nears the close of its $200 million fund II, having already deployed capital to Valar Atomics, Northwood Space and Apex Space..

Balerion Space Ventures is proud to welcome Beau Spradling as Chief Financial Officer. Spradling brings a deep expertise in funds management and alternative investments, having most recently served as the Director of Accounting for the real estate division of the Texas based, global alternative asset management firm Canyon Partners LLC. A credentialed CPA with specialization spanning funds management, real estate, and investment operations, Spradling joins at a pivotal moment – as the fund nears it's $200 million fund target and accelerates deployment across its growing portfolio.

"As Balerion deepens its commitment to the space and defense ecosystem, having a rigorous financial leader with institutional-grade experience is essential," said General Partner Phil Scully. "Beau's background managing complex investment structures at one of Texas' leading alternative asset firms makes him the ideal partner to help us steward capital, support our 13 portfolio companies, and scale the fund going forward."

With the final close of its $200 million fund expected within the coming weeks, Balerion Space Ventures has already built a portfolio of 13 investments spanning the space, defense, and deep technology sectors. The fund's imminent close marks significant validation of investors' conviction in the national security and space economies — sectors that have seen accelerating government and commercial tailwinds. The addition of Spradling as CFO and the establishment of a permanent Texas headquarters.

"Texas is where serious capital calls home," said General Partner Phil Scully. "As we grow our portfolio of companies defining the future of space and national security, being part of this state reinforces our conviction that the deepest relationships in venture are built face-to-face, in a place that inspires excellence."

Balerion Space Ventures is actively engaging with founders building at the frontier of space, defense, and deep technology — and with institutional investors and family offices seeking exposure to the next generation of national security and space economy champions. If you are a founder seeking a mission-aligned venture partner, or an investor interested in learning more about Balerion's strategy and portfolio, we invite you to reach out.

Founders: Pitch your company at [email protected]

Investors & LPs: Request a fund overview at [email protected]

Balerion Space Ventures is a venture capital firm focused on space exploration, defense technology, and deep tech. With 13 portfolio companies and a $200 million fund nearing final close, the firm partners with founders building transformational companies at the frontier of what's possible.

Correction: The stated location of Balerion Space Ventures was updated.

SOURCE Balerion Space Ventures