SPACtacular Growth, Mixed Returns

The “blank check” companies known these days as SPACs, or special-purpose acquisition companies, have enjoyed an astonishing burst of popularity. Check out their growth below, as recorded by spacresearch.com. In other words, from 2014 to 2020, the funds that SPAC offerings raised increased nearly 50-fold. But spectacular growth has brought investors less-than-impressive results. Those who … Continued