Aerion, which designs supersonic planes, is in talks to go public through a merger with Altitude Acquisition, according to people with knowledge of the matter.
The companies are discussing a deal that would value the combined firm at up to $3 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced as soon as this month, the people said.
The talks could still fall apart and end without an agreement, they said.
Altitude Acquisition rose 13 per cent to $12.07 at 10.22 am in New York, giving the company a market value of about $453 million.
A spokesperson for Aerion, based in…