---
title: "Space Asset Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286152719.md"
datetime: "2026-05-12T20:27:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286152719.md)
  - [en](https://longbridge.com/en/news/286152719.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286152719.md)
generator: "portal-rs"
---

# Space Asset Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.04.

EBIT: As of FY2026 Q1, the actual value is USD -1.675 M.

Space Asset Acquisition Corp. operates as a blank check company and has not engaged in traditional operations or generated operating revenues to date .

#### Financial Performance (Three Months Ended March 31, 2026)

-   **Net Income**: $1,004,284 .
-   **Non-Operating Income**:
    -   Net earnings on marketable securities held in Trust Account: $1,330,197 .
    -   Earnings on cash equivalents held in Operating Account: $9,367 .
-   **Operating Expenses**: General and administrative expenses were $335,280 .

#### Liquidity and Capital Resources (Three Months Ended March 31, 2026)

-   **Net Cash Flow from Operating Activities**: - $363,074 .
-   **Net Cash Flow from Investing Activities**: - $230,000,000 .
-   **Net Cash Flow from Financing Activities**: $231,904,250 .
-   **Cash and Cash Equivalents (End of Period)**: $1,541,176 .
-   **Marketable Securities Held in Trust Account**: $231,330,197 .
-   **Total Assets**: $233,006,499 .
-   **Class A Ordinary Shares Subject to Possible Redemption**: $231,330,197 .
-   **Working Capital**: A surplus of $1,622,396 .

#### Future Outlook and Strategy

Space Asset Acquisition Corp. intends to focus on companies in the global space economy, specifically within the technology and defense sectors, for its Business Combination . The company has until January 29, 2028, to complete a Business Combination . Substantially all funds in the Trust Account are designated for this purpose, and while the company does not foresee needing additional funds for operating expenditures, it may seek financing for a Business Combination or share redemptions .

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**