AcquisitionsJun 25, 2026, 08:32 AM
Triller Group to acquire $411.3M indirect stake in SpaceX
AI Summary
Triller Group Inc., through its wholly-owned subsidiary Trendy Reach Holdings Limited, has entered into a definitive agreement to acquire 100% of SAC1, a Bahamian investment vehicle. SAC1 holds interests equivalent to 3,917,185 shares of Space Exploration Technologies Corp. (SpaceX) Class A common stock. The purchase price for this indirect stake is US $411,304,425, equating to $105 per share equivalent. Triller intends to hold this SpaceX position as a strategic treasury asset on its balance sheet, with the transaction expected to close by July 22, 2026.
Key Highlights
- Triller Group subsidiary to acquire 100% of SAC1 investment vehicle.
- SAC1 holds interests equivalent to 3,917,185 SpaceX Class A shares.
- Total purchase price is US $411,304,425.
- Price per SpaceX share equivalent is US $105.
- Closing expected by July 22, 2026.
- SpaceX position to be held as a strategic treasury asset.
- Acquisition financed through a secured financing arrangement.
Price Impact
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