---
title: "Space Asset Acquisition - Unit | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286152736.md"
datetime: "2026-05-12T20:27:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286152736.md)
  - [en](https://longbridge.com/en/news/286152736.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286152736.md)
---

# Space Asset Acquisition - Unit | 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 single reportable segment and has not yet commenced operations or generated operating revenues for the three months ended March 31, 2026, with its financial performance reflecting activities related to its formation and initial public offering.

#### Operational Metrics

-   **Net Income**: The company reported a net income of $1,004,284 for the three months ended March 31, 2026, primarily due to earnings and realized gains on marketable securities in the Trust Account ($1,330,197) and investment earnings on cash equivalents ($9,367), partially offset by general and administrative expenses.
-   **Loss from Operations**: The loss from operations was - $335,280 for the three months ended March 31, 2026.
-   **General and Administrative Expenses**: These expenses amounted to $335,280 for the three months ended March 31, 2026.
-   **Non-cash Founder Share Compensation**: A non-cash founder share compensation of $90,300 was recognized for the three months ended March 31, 2026.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2026, net cash used in operating activities was - $363,074, including adjustments for net income, earnings on marketable securities, non-cash founder share compensation, and changes in operating assets and liabilities.
-   **Net Cash Used in Investing Activities**: Cash used in investing activities totaled - $230,000,000 for the three months ended March 31, 2026, mainly due to cash deposited into the Trust Account.
-   **Net Cash Provided by Financing Activities**: Net cash provided by financing activities was $231,904,250 for the three months ended March 31, 2026, resulting from the sale of Units, Private Placement Warrants, and public warrants.

#### Balance Sheet Highlights (as of March 31, 2026)

-   **Total Assets**: Total assets were $233,006,499.
-   **Marketable Securities Held in Trust Account**: Marketable securities held in the Trust Account amounted to $231,330,197.
-   **Total Liabilities**: Total liabilities were $8,103,906.
-   **Deferred Underwriting Fee Payable**: The deferred underwriting fee payable was $8,050,000.
-   **Class A Ordinary Shares Subject to Possible Redemption**: Class A Ordinary Shares subject to possible redemption totaled $231,330,197.
-   **Accumulated Deficit**: The accumulated deficit was - $6,518,735.
-   **Total Shareholders’ Deficit**: Total shareholders’ deficit was - $6,427,603.

#### Future Outlook and Strategy

The company plans to utilize funds in its Trust Account to complete an initial Business Combination, focusing on companies within the global space economy, including technology and defense sectors. While additional funds are not anticipated for current operations, extra financing may be required if Business Combination costs exceed estimates or if significant public shares are redeemed. The deadline for completing a Business Combination is January 29, 2028.

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