10:14:01 EDT Tue 07 Jul 2026
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SpaceX CDR (CAD Hedged)
Symbol SPCX
Shares Issued 9,850,000
Close 2026-07-06 C$ 26.88
Market Cap C$ 264,768,000
Recent Sedar+ Documents

Globe/wire say Musk on the hook for SpaceX's X comments

2026-07-07 08:44 ET - In the News

The Globe and Mail reports in its Tuesday edition that a federal judge on Monday rejected Elon Musk's bid to void a jury verdict finding that the world's richest person defrauded Twitter investors by trying to drive down the social-media company's stock price after agreeing to a $44-billion (U.S.) takeover. A Reuters dispatch to The Globe says U.S. District Judge Charles Breyer in San Francisco also denied Mr. Musk's motion to decertify the class of investors, and granted the investors' motion for prejudgment interest. The judge did find Mr. Musk not liable for one of his challenged tweets. "Even if the speaker has a change of heart or a momentary regret about a transaction, such qualms do not justify lying to the investing public," Justice Breyer wrote. Investors accused Mr. Musk of falsely suggesting that Twitter was overrun by fake and spam accounts, known as bots, to force the company to renegotiate his offer or let him back out. They said it caused losses when they sold shares at depressed prices. Mr. Musk could owe $2.6-billion (U.S.) in damages following the March 20 verdict. Mr. Musk ultimately bought Twitter in October, 2022, and changed its name to X. It is now part of his rocket and satellite company SpaceX.

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