Black Spade Capital

Astrum Space Announces Merger with Black Spade Acquisition III Co in $1 Billion Deal

Singapore-based Astrum Space is set to merge with publicly listed blank-check company Black Spade Acquisition III Co in a deal valuing the satellite direct-to-device venture at approximately $1 billion, aiming to provide low-bandwidth multimedia and mass notification services across Asia. The merger marks a significant development in the aerospace industry, particularly in the field of direct-to-device communication.