ILLR is trading 49.7% up today at $4.57 after announcing a $411.3 million deal to acquire economic exposure to 3.9 million SpaceX Class A share equivalents via a secured financing structure.
- The acquisition establishes a significant position in the aerospace company, which management intends to hold as a strategic treasury asset.
- Leadership described the move as a transformational step that places SpaceX at the center of the company’s balance sheet.