Space Asset Acquisition Corp. reported first-quarter 2026 results reflecting early-stage special purpose acquisition company activity. The company recorded net income of $1M and diluted earnings per share of $0.04 for the quarter, with no operating revenues as it prepares for a future business combination.
Financial Highlights
- Net income was $1.00M for Q1 2026.
- Diluted earnings per share was $0.04 for Q1 2026.
Business Highlights
- Completed an initial public offering on Jan. 29, 2026, raising $230M; proceeds were placed into a restricted Trust Account to be used for a future business combination.
- Positioned as a blank-check company targeting the global space economy, technology and defense sectors for an initial business combination and post-combination growth.
- Remains an early-stage company with no operating revenues to date; current activities are limited to organizational matters, IPO preparation and due diligence for potential targets.
- Interest earned on Trust investments provides non-operating income and may be used to pay taxes and cover costs related to pursuing a business combination.
Original SEC Filing:
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