Nova Lifestyle Inc. Announces A US$5.66 Million Investment in a Fund to Hold Interest in SpaceX Shares

Core Insights - Nova Lifestyle, Inc. has invested approximately US$5.66 million to acquire a 99.815% interest in Preamble Capital, which will in turn acquire a 6.667% interest in a fund holding 353,772 shares of SpaceX, including 121,805 shares of Class A and 231,967 shares of Class C Common Stock [1][2] Group 1: Investment Strategy - The investment in SpaceX marks a significant step in Nova's strategic transformation towards technology and innovation-driven sectors, particularly in AI-driven smart living solutions [2] - The CEO of Nova stated that this investment allows the company to diversify its business and holdings, contributing to long-term shareholder value while maintaining its core operations in the furniture and lifestyle sector [3] Group 2: Company Overview - Nova Lifestyle, Inc. is a designer and distributor of modern lifestyle furniture, including sofas, dining room furniture, cabinets, and office furniture, targeting middle and upper-middle-income consumers in various regions including the USA and China [4]