Hexagon Masterworks Inc.

Based in Norway, Hexagon Masterworks Inc. offers high-pressure composite storage cylinders for aerospace and space launch applications. In February 2026, SpaceX, a portfolio company of Xcellerant Ventures, Beyond Alpha Ventures, 1789 Capital, Texas Space Commission, CoreNest, Intesa Sanpaolo, International Holding Company, Alpha Dhabi Holding, Guest Mobile, United States Space Force, D1 Capital Partners, Coatue Management, Federal Communications Commission, Legendary Ventures, NXC Corp, Alpha Wave Global, Pengana Capital Group, Sequoia Capital, National Aeronautics and Space Administration, Ontario Teachers' Pension Plan, The Private Shares Fund, Baillie Gifford, Space Angels, Manhattan Venture Partners, Gigafund, Alphabet, Fidelity Investments, Musket Research Associates, Valor Equity Partners, Draper Fisher Jurvetson, and Founders Fund, agreed to fully acquire Hexagon Masterworks Inc. from Hexagon Purus ASA and Mitsui & Co.

for an upfront payment of USD 12. 5 million in cash plus an additional payment of approximately USD 2. 5 million based on contingent earn-out payments. The acquisition values Hexagon Masterworks Inc.

at approximately USD 15 million post-money. The transaction was completed in March 2026. Hexagon Masterworks supplies high-pressure composite storage cylinders for aerospace and space launch and hydrogen mobility applications.