10:03:52 EDT Fri 23 Oct 2026
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SpaceX CDR (CAD Hedged)
Symbol SPCX
Shares Issued 17,050,000
Close 2026-10-22 C$ 24.11
Market Cap C$ 411,075,500
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Globe/wire say Musk a wild card in SpaceX-Telsa tie-up

2026-10-23 08:16 ET - In the News

Also In the News (C-TSLA) Tesla CDR (CAD Hedged)

The Globe and Mail reports in its Friday edition that Elon Musk's public endorsement this week of a potential merger between SpaceX and Tesla has rattled some insiders involved in the discussions, who worry his comments could invite shareholder scrutiny and delay the process. A Reuters dispatch to The Globe says the concerns reflect similarities some participants see with Tesla's 2016 acquisition of SolarCity, which sparked years of litigation over Mr. Musk's role in the deal. In related-party transactions such as a SpaceX-Tesla merger, independent board members typically oversee the process to safeguard public shareholders' interests. Central to the SolarCity case were claims that despite his minority stake, Mr. Musk was a controlling shareholder of Tesla owing to his ties to board members and domineering style. Delaware courts ultimately upheld the acquisition as fair, though it took several years for the case to be resolved. The SolarCity case could become a reference point for investors and courts assessing any future SpaceX-Tesla transaction. Mr. Musk owns nearly one-fifth of Tesla and just under half of SpaceX. Tesla is now incorporated in Texas rather than Delaware, making any legal outcome less predictable.

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