Triller Group Inc. (NASDAQ:ILLR) surged in after-hours trading Thursday after the company announced a major SpaceX (NASDAQ:SPCX) -linked treasury deal.

ILLR closed Thursday’s regular session at $3.05, up 296.57%. In after-hours trading, shares climbed to $4.20, up 37.70%.

Triller Group is a social media and digital entertainment company focused on content, creator engagement and technology-driven media platforms.

SpaceX Treasury Deal

Triller announced Thursday that it is acquiring $411 million of economic exposure to Elon Musk’s SpaceX as a strategic treasury asset.