Neptune Expands SpaceX Investment by US$1 Million
Rhea-AI Summary
Neptune Digital Assets (NPPTF) has expanded its investment in SpaceX by acquiring an additional 5,405 shares for US$1 million at US$185 per share. This strategic move increases Neptune's total SpaceX holdings to 32,126 shares.
The investment was executed through an arm's-length transaction, aligning with Neptune's strategy of holding high-value, innovative assets. SpaceX's focus areas include space exploration, satellite communications, and space transportation, with goals of reducing launch costs and enabling Mars colonization.
According to CEO Cale Moodie, the investment responds to strong shareholder interest in SpaceX exposure and represents an opportunity to invest in what they consider a transformative technology company, citing SpaceX's rapid valuation growth as generating strong returns for Neptune.
Positive
- Increased strategic investment in SpaceX by US$1 million
- Expanded total SpaceX holdings to 32,126 shares
- SpaceX investment reportedly generating strong returns through valuation growth
Negative
- Significant capital allocation to a single private company investment
News Market Reaction
On the day this news was published, NPPTF gained 16.21%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a blockchain leader in Canada, is pleased to announce it has acquired an additional 5,405 shares of Space Exploration Technologies Corp. ("SpaceX") for US
SpaceX is at the forefront of space exploration, satellite communications, and space transportation, with a mission to reduce launch costs and enable Mars colonization.
This latest investment aligns with Neptune's strategy of holding high-value, innovative assets. As with previous SpaceX acquisitions, these shares were purchased through an arm's-length transaction.
"Our shareholders have consistently expressed strong interest in expanding our SpaceX exposure, and we see this as a rare opportunity to invest in one of the most transformative technology companies of our time. SpaceX's rapid valuation growth continues to generate strong returns for Neptune, making it a strategic and forward-looking addition to our assets," stated Cale Moodie, Neptune CEO & President.
Neptune remains committed to building long-term value through innovations in pioneering technologies, including blockchain, artificial intelligence, and space exploration.
For more information on Neptune Digital Assets, please visit: www.neptunedigitalassets.com.
About Neptune Digital Assets Corp.
Neptune Digital Assets Corp. (TSXV: NDA) (OTCQB: NPPTF) (FSE: 1NW) is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated cutting-edge technology. Our unwavering commitment to innovation and strategic growth enables us to continually explore new opportunities and maximize value for our shareholders. For more information about Neptune Digital Assets Corp., please visit our website at www.neptunedigitalassets.com or follow us on X (@NeptuneDAC).
ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the execution of the Company's proposed investment in SpaceX; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties.
The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249323
FAQ
How many SpaceX shares does Neptune Digital Assets (NPPTF) now own after the latest investment?
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Why did Neptune Digital Assets (NPPTF) increase their investment in SpaceX?
