Neptune Makes Initial Strategic Investment In xAI and Provides SpaceX Update

Core Viewpoint - Neptune Digital Assets Corp. has announced a strategic investment of US$300,000 in X.AI Corp., emphasizing its commitment to pioneering technologies, particularly in artificial intelligence [1][2]. Investment Details - The investment will allow Neptune to acquire shares of xAI valued at US$300,000, positioning xAI as a growth asset at the intersection of critical future technologies [2]. - Neptune's CEO highlighted the alignment of this investment with the company's strategy to capitalize on transformative technologies, similar to its previous successful investments in SpaceX [3]. Strategic Rationale - The planned investment in xAI aims to enhance Neptune's portfolio of high-growth, innovative technology assets, complementing its existing holdings, including SpaceX [4]. - The company is focused on key technology sectors such as blockchain, artificial intelligence, and space exploration, aiming to build long-term shareholder value [4]. Company Background - Neptune Digital Assets Corp. is one of the first publicly traded blockchain companies in Canada, engaging in various operations across the digital asset ecosystem, including Bitcoin mining and decentralized finance [6].