Mentioned:
SpaceX is one of the most important private companies in the world. Which is exactly why a public company in Canada is doubling down on their investment.
What’s happening:
- Neptune Digital Assets (TSXV: NDA) has announced they have invested $1M CAD into Elon Musk founded SpaceX
By the numbers:
- Neptune Digital Assets purchased 5,405 shares of SpaceX at a price of $185 USD per share through a secondary offering
- Neptune Digital Assets now owns a total of 32,126 shares of SpaceX
Why it matters:
- This is one of the first times that a publicly traded company in North America has purchased equity in SpaceX to hold directly as an asset
Going deeper:
- Neptune Digital Assets holds multiple digital assets including Bitcoin and Solana and previously made waves in the public markets when they purchased 1M Dogecoin tokens
