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Black Spade Acquisition III
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Astrum Space agrees $1bn Black Spade SPAC as NEASTAR-1 launch risk shifts to public investors
Astrum Space has agreed to go public through Black Spade Acquisition III at an approximately $1 billion equity valuation, with $172.5 million in SPAC trust cash, $168 million of founder funding support and another 25.5 million shares tied to NEASTAR-1 development milestones.