Boaz Weinstein Slams Cheap SpaceX Sale in Latest UK Trust Fight

Boaz Weinstein’s Saba Capital Management is once again looking to shake up the staid world of UK investment trusts.

Saba this week pressed investors in a London-listed fund run by Baillie Gifford to oust board members after it sold SpaceX shares “at a price massively lower than SpaceX’s reported $1.5 trillion IPO valuation,” according to a presentation on Monday. The argument is part of Weinstein’s opposition to a proposed merger between Edinburgh Worldwide Investment Trust Plc and Baillie Gifford US Growth Trust Plc.