Astrum Space/Black Spade: Billion-Dollar Satellite Deal Doesn’t Mention Critical Shareholder’s Chinese Communist Party Past; CFIUS Questions Loom

Astrum Space is asking U.S. investors to back a $1 billion deal in which it would merge with special acquisition company Black Spade Acquisition III, but it hasn’t acknowledged that its controlling owner was once a Chinese Communist Party (CCP) official. Astrum’s merger filing, hundreds of pages long, never uses the word “Chinese