Macau tycoon Lawrence Ho’s family office expands into space sector in de-SPAC deal
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- South China Morning Postseen 28 Aug, 12:48description edited
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Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third de-SPAC deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with blank-check company Black Spade Acquisition III (BIII) at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing on the New York Stock...Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third “de-SPAC” deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with special-purpose acquisition company (SPAC) Black Spade Acquisition III, or BIII, at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing...
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Fri, 28 August 2026
1 report- South China Morning Post08:01first to reportedited after publishing
Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third “de-SPAC” deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will combine with special-purpose acquisition company (SPAC) Black Spade Acquisition III, or BIII, at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing...