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Astrum Space

Definitive (DA signed)

Communication Services · geostationary satellite-to-device network

What it is
A private company in communication services preparing to list via a SPAC merger. Full profile in progress.
What it’s doing now
Merging with Black Spade Acquisition III (BIII) — definitive (da signed), announced Aug 27, 2026.
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.
Profile in progress — we only publish what we can verify in filings, and for this company that work isn’t finished. Identity and deal facts above are current; business detail, financials and peers will appear as the filings are parsed.

What the company says about itself

Web research — not audited

Astrum Space (formerly Astrum Mobile) is a company providing satellite-to-device (S2D) broadcast services in the Asia-Pacific region. Its mission is to deliver seamless, ubiquitous coverage for media services, emergency notifications, IoT connectivity, and datacasting using a geosynchronous satellite at 105E. The company operates a 3GPP 5G NTN platform that allows existing smart devices to access services via an Mbox Wi-Fi function, offering data-free and SIM-free experiences.

Markets:
Satellite-to-Device Broadcast | 5G Non-Terrestrial Network | IoT Connectivity | Emergency Notifications | Media Services | Datacasting
Products:
Astrum Space S2D Broadcast Network | Mbox Wi-Fi function | 5G NTN-enabled S2D Datacasting Platform | NEASTAR-1 GEO satellite
What our web check found

[WEB-INTEL 2026-08-27] 6 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Astrum Space will merge into Black Spade at ~$1B value" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "issuing 100M shares for over 80% ownership" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "plus 25.5M-share NEASTAR-1 earn-out" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close by the end of 2026" [https://m.investing.com/news/stock-market-news/why-is-salesforce-stock-surging-today-93CH-4878948?ampMode] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "On August 27, 2026, Black Spade III agreed to merge with Astrum" [https://www.tipranks.com/news/company-announcements/black-spade-iii-to-merge-with-astrum-space] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing of $172.5 Million Initial Public Offering" [https://www.bsaiii.com/] [WEB-INTEL 2026-08-27] 8 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Astrum Space will merge into Black Spade at ~$1B value" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "issuing 100M shares for over 80% ownership" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "plus 25.5M-share NEASTAR-1 earn-out" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The deal values Astrum at roughly $1 billion in equity" [https://dealroom.co/news/147302-astrum-space-to-go-public-via-black-spade-spac-at-1b-valuation/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Black Spade's approximately $172.5 million of cash in trust" [https://dealroom.co/news/147302-astrum-space-to-go-public-via-black-spade-spac-at-1b-valuation/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close by the end of 2026" [https://www.businesswire.com/news/home/20260827516888/en/Astrum-Space-Inc-to-Go-Public-Through-Business-Combination-With-Black-Spade-Acquisition-III-Co] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing is subject to NYSE listing approval, shareholder approvals, Form F-4 effectiveness, financing efforts, and customary termination rights, including an outside date of May 27, 2027." [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "PERFORMANCE MILESTONE (INTEGRATION) Earn-out upon full spacecraft integration on or prior to February 1, 2028" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] [WEB-INTEL 2026-08-27] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close by the end of 2026" [https://www.businesswire.com/news/home/20260827516888/en/Astrum-Space-Inc-to-Go-Public-Through-Business-Combination-With-Black-Spade-Acquisition-III-Co] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Astrum Space will merge into Black Spade at ~$1B value" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] [WEB-INTEL 2026-08-27] 6 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The deal values Astrum at roughly $1 billion in equity, Black Spade's approximately $172.5 million of cash in trust" [https://dealroom.co/news/147302-astrum-space-to-go-public-via-black-spade-spac-at-1b-valuation/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Chinese property investor and Astrum founder Zhou Qingzhi has separately committed up to $168 million to support the company" [https://spacenews.com/d2d-venture-astrum-space-joins-spac-resurgence-with-1-billion-deal/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close by the end of 2026, subject to regulatory and shareholder approvals, and other customary closing conditions" [https://www.businesswire.com/news/home/20260827516888/en/Astrum-Space-Inc-to-Go-Public-Through-Business-Combination-With-Black-Spade-Acquisition-III-Co] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Astrum Space will merge into Black Spade at ~$1B value, issuing 100M shares for over 80% ownership, plus 25.5M-share NEASTAR-1 earn-out." [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The deal will create a new entity called Astrum Space Company, with an implied equity valuation of roughly $1 billion." [https://www.gurufocus.com/news/9055895/black-spade-acquisition-iii-biii-announces-1-billion-astrum-space-merger-with-key-valuation-insights] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Black Spade III (NYSE:BIII) has entered into a definitive agreement to combine with satellite firm Astrum Space at a $1 billion valuation." [https://www.spacinsider.com/news] [WEB-INTEL 2026-08-27] 6 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close by the end of 2026" [https://www.businesswire.com/news/home/20260827516888/en/Astrum-Space-Inc-to-Go-Public-Through-Business-Combination-With-Black-Spade-Acquisition-III-Co] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing is subject to NYSE listing approval, shareholder approvals, Form F-4 effectiveness, financing efforts, and customary termination rights, including an outside date of May 27, 2027" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "BIII currently has approximately US$172.5 million of cash in trust" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The agreement includes an earn-out of up to 25,500,000 Performance Shares for Astrum Holding tied to NEASTAR-1 satellite milestones" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Astrum equity value: approximately US$1 billion" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Listco Shares to Astrum Holding: 100,000,000 Listco Shares" [https://www.stocktitan.net/sec-filings/BIII/8-k-black-spade-acquisition-iii-co-reports-material-event-5704a6f6c339.html]

Source: https://www.astrumspaceinc.com/ · captured Aug 27, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Astrum Space is merging with Black Spade Acquisition III (BIII), a $173M SPAC currently marked Deal announced and trading at $10.06 against $10.17 in trust per share.

Headline equity value—

How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Astrum Space going public?

Astrum Space has a signed merger with the SPAC Black Spade Acquisition III (BIII), announced Aug 27, 2026. Deal status: Definitive (DA signed).

Does Astrum Space have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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