Browsing Tag
SPACs
2 posts
SPACs raised billions. As mergers dry up, we follow the money
American capitalism has a special reverence for large numbers. They can frighten as debt or reassure as backstops. The $260bn raised by special-purpose acquisition companies (spacs) since the start of 2020 lacks the multitrillion-dollar aura of federal debt or America’s pandemic stimulus. It is nevertheless big enough to have become a defining symbol of recent…
Space SPACs look to rebound in 2022
by Jeff Foust — January 3, 2022 Planet executives were cheering the company’s debut on the New York Stock Exchange Dec. 8, but the company's share price had dropped by more than 40% as of Dec. 31. Credit: NYSE screenshot WASHINGTON — Space companies used mergers with special purpose acquisition corporations, or SPACs, to grow…