XMax Inc. Invests $5.6 Million to Acquire 39.7% Stake in SpaceX
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
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Should l Buy XWIN?
Source: Globenewswire
- Investment Scale: XMax Inc. has invested approximately $5.6 million through its wholly-owned subsidiary to acquire a 99.82% interest in Preamble Capital I, indicating the company's proactive approach in capital operations.
- Acquisition Details: On November 24, 2025, Preamble Capital I completed the acquisition of a fund holding a 39.7% stake in SpaceX, comprising 55,629 shares of Class A Common Stock and 3,781 shares of Class C Common Stock, thereby enhancing XMax's investment portfolio in the aerospace sector.
- Strategic Significance: This investment not only provides XMax with strategic collaboration opportunities with SpaceX but also has the potential to yield long-term returns through the growth prospects of the aerospace industry, thereby enhancing its market competitiveness.
- Company Background: Headquartered in Commerce, California, XMax Inc. is a well-established distributor of contemporary furniture, continuously monitoring market trends to optimize its product lines, and is expected to achieve business growth through diversified investments in the future.
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Analyst Views on XWIN
About XWIN
XMax Inc., formerly Nova LifeStyle, Inc., is a designer and distributor of modern lifestyle furniture, primarily sofas, dining room furniture, cabinets, office furniture and related components, bedroom furniture and various accessories, in matching collections. The Company’s product lines include the Nova Brands and Diamond Sofa (www.diamondsofa.com). Its products feature urban contemporary styles that integrate comfort and functionality, incorporating upscale luxury designs which appeal to middle and upper middle-income consumers in the United States, China, Southeast Asia, and elsewhere in the world. Its product lines feature upholstered, wood and metal-based furniture pieces. The Company classifies its products by room, designation or series, such as living room, dining room, bedroom and home office series, and by category or product types, such as sofas, chairs, dining tables, beds, entertainment consoles, cabinets and cupboards.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investment Scale: XMax Inc. has invested approximately $5.6 million through its wholly-owned subsidiary to acquire a 99.82% interest in Preamble Capital I, indicating the company's proactive approach in capital operations.
- Acquisition Details: On November 24, 2025, Preamble Capital I completed the acquisition of a fund holding a 39.7% stake in SpaceX, comprising 55,629 shares of Class A Common Stock and 3,781 shares of Class C Common Stock, thereby enhancing XMax's investment portfolio in the aerospace sector.
- Strategic Significance: This investment not only provides XMax with strategic collaboration opportunities with SpaceX but also has the potential to yield long-term returns through the growth prospects of the aerospace industry, thereby enhancing its market competitiveness.
- Company Background: Headquartered in Commerce, California, XMax Inc. is a well-established distributor of contemporary furniture, continuously monitoring market trends to optimize its product lines, and is expected to achieve business growth through diversified investments in the future.
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- Investment Strategy: XMax Inc. has invested approximately $5.6 million through its wholly-owned subsidiary to acquire a 99.82% interest in Preamble Capital I, enhancing its investment portfolio and asset diversification.
- Acquisition Milestone: On November 24, 2025, Preamble Capital I completed the acquisition of a 39.7% stake in SpaceX, holding 55,629 shares of Class A Common Stock and 3,781 shares of Class C Common Stock, thereby expanding XMax's investment footprint in the aerospace sector.
- Market Outlook: This investment not only presents potential capital appreciation opportunities for XMax but also enhances its competitive edge in the high-tech industry through potential collaborations with SpaceX, driving future growth.
- Strategic Transformation: XMax's investment decision reflects its strategic shift from a traditional furniture distributor to a diversified investment company, aiming to leverage emerging market opportunities for sustainable development.
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Investment in Preamble Capital I: XMax (XWIN) has invested approximately $5.6 million to acquire a 99.82% interest in Preamble Capital I, which recently purchased a 39.7% stake in a fund that holds shares of SpaceX.
SpaceX Share Holdings: The underlying fund of Preamble Capital I owns 55,629 Class A shares and 3,781 Class C shares of SpaceX.
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- Financing Agreement: On November 18, 2025, XMax entered into a Convertible Promissory Note Purchase Agreement with Billiongold Holding, issuing a $5 million note with a 36-month maturity and a 6% annual interest rate, which will provide essential funding to support the company's operations and expansion.
- Conversion Terms: The note can be converted into common stock at a price of $7.80 per share prior to repayment, enhancing investor flexibility while potentially allowing the company to adjust its capital structure in the future.
- Regulatory Compliance: This transaction is exempt from registration under Regulation S of the U.S. Securities Act of 1933, ensuring compliance and reducing legal risks during the financing process, thereby boosting investor confidence.
- Market Positioning: As a well-established distributor of contemporary furniture, XMax continues to monitor market trends through partnerships with global retailers and e-commerce platforms, and this financing is expected to further strengthen its position in the highly competitive furniture market.
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