The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop
18 Jun 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
Investing is simple, but don't confuse that with thinking it's easy. A stock is not just a ticker. At the end of the day, you have to remember that it's a business.
Just my reminder to people who own cyclicals, don't be surprised when there's a cycle.
If there's uncertainty in the markets, there's going to be some great opportunities for investors.
This has to be one of the biggest quarters I've seen from this company in quite some time.
Welcome to the Canadian Investor Podcast. I'm Simon Beranger. I'm back with my co-host, Dan Kent. We have a fun and jam-packed episode today. So we're going to start with SpaceX and its highly anticipated IPO that happened last Friday and why the valuation, the limited public float, and the upcoming share unlocks are worth paying attention to.
We'll also touch on a busy start to the week on the acquisition front with deals involving Fox and Roku, Salesforce and American Express. Then we'll move over to the Canadian side of the earnings, including Dollarama's strong rebound quarter, Group Dynamite big quarter.
post earning drop and adobe where the result looks solid on the surface but the market clearly had other concerns if we have time we'll also touch on oracle depending how long it takes and then just a quick note i'm sure some of you are aware of the gildan short report we will be going over that on monday in more details so we won't really touch on it in this episode
Yeah, and we have kind of a segment going over, I think I probably pulled 10 or 15 years worth of kind of high profile Canadian short reports that have been issued, what happened, how they did afterwards, things like that. So the Monday episode will be a good one. But let's get into SpaceX. It was a success, I would say.
I would say it was a success. SpaceX, like I mentioned, made its IPO debut, debuted as an IPO on June 12th. So having trouble with that one there. And the stock is up more than 30 percent based on the IPO price of one hundred and thirty five dollars. It values the company at more than two point six trillion dollars. It's placing SpaceX.
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Chapter 2: What are the implications of SpaceX's potential IPO?
Yahoo would have been... That would have been pre-Google, would it not? I think Google was founded maybe late 1990s. But Yahoo was supposed to be like the biggest search engine you could get. They were going to be one of the larger ones. But obviously... Yeah, Yahoo was big.
They were huge. I know it may be weird for younger listeners, but Google was not the... go-to place to go for searches back then. I think it really started in the early 2000s. Google IPO'd later. I think it might have been, I'm just going on memory, like 2004 or something like that, where it would have IPO'd.
Yeah, so Google was founded in 1998. So yeah, this would have been the Yahoo heyday where they were going to be effectively what Google is now.
but yeah and you had like um i think a bit prior to that but you had like i think it was like alta vista was one of them you had web crawler anyways all this stuff i remember when aol yeah so all this stuff i remember when i was a teenager so i just wanted to mention that because
140 150 times sales is not nothing it's really expensive and i said i posted as a joke on x basically said well i guess when your total addressable market is the universe i mean it's not that expensive right so uh infinite power yeah the other thing i guess the one thing i'll mention just because we went over that well simple ipo thing
I talked to quite a few people and very few got a ton of shares. I think most orders were from SpaceX. Yeah. Most orders were filling for like, maybe like two to 4% of requests. So yeah, it was, there was a few Canadian IPOs as well, where like the shares you actually got versus what you requested are, were, were very little.
This was a no brainer that it would be like that though, because this IPO was oversubscribed like mad. It was a,
Which one of the risks of this whole Wealthsimple feature is also it could bring in. They're not the only ones. There's brokers in other countries that are doing something similar here. It could really put retail investors as bag holders because remember they had like I think that 90 day sale. timeframe where you can't sell.
And that kind of ties in nicely to what I'm about to talk about with SpaceX is some people might be wondering why the stock is up 30%. It's trading 140, 150 times sales. Well, There's only 5% or actually less than 5% of total shares that are currently in the public market. So of the flow, there's only 5% that's publicly traded.
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Chapter 3: What recent acquisitions have made headlines this week?
So this was a fun episode. I feel like even when earnings season is down, we're getting material every week. So it's always fun for our news and earnings. Thank you so much for listening. And we will be back for our regular episode. Don't miss it on Monday. We'll go back at a history of short reports in Canada. I also have a stock on my radar that's pretty...
Pretty interesting play, especially if you want some AI plays that are not too expensive. Make sure you tune in. Thanks for listening. The Canadian Investor Podcast should not be construed as investment or financial advice. The hosts and guests featured may own securities or assets discussed on this podcast.
Always do your own due diligence or consult with a financial professional before making any financial or investment decisions.