Boaz Weinstein Scores Win After UK Trust Backs SpaceX Proposal

A Baillie Gifford & Co. trust that placed an early bet on SpaceX recommended a proposal backed by activist investor Boaz Weinstein after losing a key shareholder vote.

Edinburgh Worldwide Investment Trust is backing tender offers supported by Weinstein’s Saba Capital Management that will give shareholders the chance to exit at net asset value minus costs in the coming weeks or after a potential SpaceX listing, the London-listed trust said in a statement Friday.