Triller to Buy $411.3M SpaceX Stake, Gains 3.9M Shares at 32% Discount
ILLR•Triller Group’s unit Trendy Reach Holdings agreed to acquire Bahamian vehicle SAC1 for $411.3 million, gaining exposure to 3.9 million SpaceX shares. The effective $105 per-share purchase price implies a roughly 32% discount to Wednesday’s closing price and strengthens Triller’s balance sheet as it teases a strategic “Project Eight” initiative.
1. Acquisition Agreement
Triller Group’s Trendy Reach Holdings signed a definitive agreement to purchase Bahamian investment vehicle SAC1 for $411.3 million, securing 100% of its membership interests.
2. SpaceX Share Exposure at Discount
SAC1 holds 3,917,185 Class A shares of SpaceX, giving Triller effective exposure to 3.9 million shares at an implied $105 per share, a roughly 32% discount to Wednesday’s closing price.
3. Balance Sheet Strengthening
The transaction positions SpaceX shares as a strategic treasury asset on Triller’s balance sheet, bolstering its capitalization ahead of a planned public listing by the space company.
4. Project Eight Strategic Teaser
The company also teased ‘Project Eight,’ indicating a future strategic transaction—likely an acquisition—to expand its social and creator platform.
