Reach Ten Holdings Berhad has secured indirect exposure to global aerospace and satellite communications company Space Exploration Technologies Corp. (SpaceX) through an investment in Alta Fund Management’s AAF4 Class A-4 Participating Shares.
The group said its wholly-owned subsidiary, Reach Ten Communication Sdn Bhd made the investment on 25 September 2025 with a total cash consideration of US$1 million (approximately RM4.2 million).
The investment was channelled through AAF4, a fund managed by Alta Fund Management, which provides investors with indirect economic exposure to a portfolio of underlying assets including SpaceX.
Based on its latest public funding rounds, SpaceX is estimated to have a valuation of approximately US$1.77 trillion.
Reach Ten said the investment is estimated to provide indirect exposure equivalent to approximately 4,167 SpaceX shares at the investment level following SpaceX’s reported 5-for-1 stock split, translating into an expected exposure of about 20,835 SpaceX shares.
The company added that based on a reference IPO price of approximately US$135 per share, the indicative value of the underlying exposure is estimated at about US$2.81 million.
The investment was made at an estimated entry price of US$240 per share, or about US$48 per share post-split, subject to applicable fund-level adjustments, management fees and a 10% carried interest payable to the fund manager.
Reach Ten stressed that the valuation figures are indicative and subject to confirmation by the fund manager, including final allocation adjustments and settlement mechanics.
The investment was fully funded through internally generated funds and does not involve the issuance of new shares.
The company said the move provides the group with an opportunity to gain exposure to the global space economy and frontier technology sectors, allowing access to high-growth private companies that are typically difficult for regional investors to participate in.
