Triller Group Inc. has announced the strategic acquisition of SAC1 for $411.3 million. SAC1 is a special purpose vehicle (SPV) holding 3,917,185 shares of SpaceX Class A common stock. The acquisition price represents a discount of approximately 32% to the fair value of the underlying assets, with proceeds to be raised through a secured credit facility collateralized by the SpaceX shares.

Triller Surges Nearly 94% in Pre-Market Trading.