Triller Group Inc. (NASDAQ: ILLR) stock surged following a definitive agreement to acquire $411 million in economic exposure to Elon Musk's SpaceX.
The SpaceX Treasury Transaction
Triller announced on Thursday that it entered into a definitive agreement to acquire $411 million of economic exposure to SpaceX.
The transaction involves 3,917,185 SpaceX Class A share equivalents and will be held as a strategic treasury asset.
Triller is purchasing the position at $105 per share equivalent, representing a discount to SpaceX’s recent market close near $153.
Financial Leverage and Risks
Triller stock jumped after-hours after announcing a $411 million SpaceX-linked treasury deal.
Triller Group (ILLR) stock surges nearly 400% after announcing a $411M SpaceX treasury play. Here is the math behind the…
SpaceX propelled Tesla stock higher as chatter about a potential merger gets louder. But don't expect one this year, analysts say.
SpaceX made a blockbuster debut on the Nasdaq on Friday, with its shares surging 19 per cent and pushing the company's valuation…
SpaceX's Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors,…
SpaceX shares surged for a second day, adding to initial gains and pushing its market value over $2.3 trillion. This valuation…
