Company: SPEG
Filing Date: 2025-05-20
Form Type: CORRESP
Source: 0001213900-25-045975
Chunk: 0

Company: Silver Pegasus Acquisition Corp.
Filing Date: 2025-05-20
Form: CORRESP
Chunk 0
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| Julia Aryeh        
 Senior Counsel     
 345 Park Avenue    
 New York, NY 10154 | Direct  212.407.4043   
 Main    212.407.4000   
 Fax       212.407.4990 
 jaryeh@loeb.com        |

May 20, 2025

| United States Securities and Exchange Commission 
 Division of Corporation Finance                  
 Office of Real Estate & Construction             
 100 F Street, N.E.                               
 Washington, DC  20549                            |

| Re: | Silver Pegasus Acquisition Corp.  
 Registration Staement on Form S-1 
 Filed January 21, 2025            
 File No. 333-284395               |

Attention: Howard Efron, Jennifer Monick, Ronald E. Alper and Pam Howell

On behalf of our client, Silver Pegasus Acquisition
Corp., a company organized under the laws of the Cayman Islands (the “Company”), we submit to the staff (the “Staff”)
of the Securities and Exchange Commission (the “Commission”) this letter setting forth the responses to the comments
contained in the Staff’s letter dated February 12, 2025 on the Company’s registration statement on Form S-1 filed on January
21, 2025 (the “Registration Statement”).

Concurrently with the submission of this letter,
the Company is submitting its amendment to the Registration Statement on Form S-1/A (the “Amendment”) and certain exhibits
via EDGAR with the Commission.

The Staff’s comments are repeated below
in bold and are followed by the responses. We have included page references in the Amendment where the language addressing a particular
comment appears. Capitalized terms used but not otherwise defined herein have the meanings set forth in the Amendment. In addition to
addressing the Staff’s comments, the Amendment has been updated to include additional founder shares issued to the Sponsor.

Registration Statement on Form S-1 filed January 21, 2025

Cover Page

| 1. | We note your response to prior comment 2 and we reissue it in part. Please revise to disclose that the anti-dilution rights associated 
 with the founders’ shares may result in a material dilution of the purchasers’ equity interests.                                       |

Response: In response to the Staff’s
comment, the Company has revised the disclosure on the cover page of the Amendment.

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