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Solidion Technology Plans Strategic Investment in SpaceX

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Solidion Technology (STI) said Monday it plans to opportunistically acquire shares of SpaceX (SPCX) as a long-term strategic treasury asset, using a modest portion of its cash reserves.

The company said the SpaceX investment will be a modest balance sheet allocation and will not impact funding for core operations or planned capital spending.

The SpaceX investment will be held as a long-term strategic asset on the company's balance sheet, Solidion said.

Solidion Technology and SpaceX shares were up over 19% and over 1%, respectively in premarket activity Monday.

Price: $14.55, Change: $+2.44, Percent Change: +19.80%

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