Space Asset Acquisition Corp. (SAAQ) is a blank check company incorporated on September 12, 2025, in the Cayman Islands, formed to effect a Business Combination. The company completed its Initial Public Offering (IPO) on January 29, 2026, raising gross proceeds of $230,000,000 from the sale of 23,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable Public Warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share. Simultaneously with the IPO, 645,000 Private Placement Units were sold to the Sponsor and Underwriter for an aggregate of $6,450,000. A total of $230,000,000 from the IPO and private placement proceeds was placed in a Trust Account, to be invested in U.S. government treasury obligations or money market funds. The company has 24 months from the IPO closing (until January 29, 2028) to complete an initial Business Combination. The strategic focus for a Business Combination is the global space economy, including technology and defense sectors, covering areas like launch vehicles, satellite communications, and space tourism. As of December 31, 2025, the company had no operations or revenues, reporting a net loss of $64,829. The company's disclosure controls and procedures were not effective as of December 31, 2025, due to inadequate segregation of duties and insufficient written policies, though management confirmed financial statements were accurate.