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Space Industry SPAC Companies: History, Results, Challenges, and Future
Summary by New Space Economy
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Space Industry SPAC Companies: History, Results, Challenges, and Future
Virgin Galactic completed its merger with Social Capital Hedosophia on October 25, 2019, making space industry SPAC companies visible to public-market investors before the 2021 blank-check boom reached its peak. A special purpose acquisition company raises money in an initial public offering, places the proceeds into a trust, and then searches for a private operating business to acquire within a set period. For space startups, that structure off…
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