no space error in aix

While doing cat on a large file (3 GB file) , I am getting the no space error in the shell script hugefile.sh.

Eg: for i in `cat hugefile.txt`
do
echo "$i"
done

error: hugefile.sh[3]: no space

Please let me know your thoughts in handling this no space issue.

Double Post

Quite right Dr.house, so I close this thread...