Space Asset Acquisition net income rises to $1.86 million in Q2 2026
SAAQ•Six-month results and cash activity
Net income was $2.86 million for the six months ended June 30, 2026, reflecting $3.27 million of Trust Account investment gains.
Cash used in operating activities was $436,064, while $230 million was deposited into the Trust Account following the $230 million IPO.
Quarterly net income rises on Trust Account gains
Space Asset Acquisition posted net income of $1.86 million for the three months ended June 30, 2026.
Quarterly results were driven by $1.94 million of earnings and realized gains on marketable securities in the Trust Account.
General and administrative expenses totaled $91,627, partly offset by $13,073 of investment earnings on cash equivalents in the Operating Account.
