Astrum Space to list publicly via Black Spade merger
Satellite operator Astrum Space agreed to a public merger with Black Spade Acquisition III Co to finance its satellite to device broadcast network across Asia Pacific territories
On August 27, 2026, satellite communications company Astrum Space Inc and Black Spade Acquisition III Co announced a business combination agreement. Upon completion, the newly renamed Astrum Space Company will list its ordinary shares on the New York Stock Exchange. The deal values Astrum at approximately US$1 billion, excluding US$172.5 million in cash from BIII.
The transaction aims to accelerate Astrum's S2D connectivity plans across the Asia Pacific region and strengthen the combined entity's strategic partnerships. Dr. Zhou Qingzhi, Astrum's founder, and Dennis Tam, Black Spade Acquisition III Co's Executive Chairman, expressed enthusiasm for the partnership, highlighting Astrum's satellite network and spectrum position in the growing space industry.
Legal and regulatory approvals, along with shareholder consent, are required before the deal can close by the end of 2026.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
