Neptune Expands SpaceX Investment by US$1 Million | NPPTF Stock News

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3 days ago
  • Neptune Digital Assets (NPPTF, Financial) expands its SpaceX investment by US$1 million.
  • The additional acquisition of 5,405 SpaceX shares brings Neptune’s total holdings to 32,126 shares.
  • The investment is aligned with Neptune's strategy of holding high-value, innovative assets.

Neptune Digital Assets Corp. (OTCQB: NPPTF), a Canadian blockchain leader, has expanded its investment in Space Exploration Technologies Corp. ("SpaceX") by acquiring an additional 5,405 shares for US$1 million. The shares were purchased at a price of US$185 each, increasing Neptune's total SpaceX holdings to 32,126 shares.

SpaceX is at the forefront of space exploration, satellite communications, and space transportation, with ambitious goals that include reducing launch costs and making Mars colonization possible. Neptune's latest investment reflects its strategic focus on acquiring high-value, innovative assets.

Cale Moodie, CEO & President of Neptune, stated that the decision was influenced by strong shareholder interest in SpaceX exposure, recognizing the company's rapid valuation growth as a generator of solid returns for Neptune. Furthermore, Neptune remains dedicated to building long-term value through pioneering technologies in blockchain, artificial intelligence, and space exploration.

For more information about Neptune Digital Assets, visit their website at www.neptunedigitalassets.com.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.