Macau tycoon Lawrence Ho’s family office expands into space sector in de-SPAC deal

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 Black Spade Acquisition III (BIII), a special-purpose acquisition company (SPAC), at an equity value of about US$1 billion. The combined entity, Astrum Space Company, would seek a listing on...