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Who's getting rich on SPACs

Brian Ach/Getty Images; Tomohiro Ohsumi/Getty Images; Axelle/Bauer-Griffin/FilmMagic; and Melia Russell/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Its a boom time for SPACs, which provide startups a way to go public without the IPO rigmarole. Retail investors see SPACs as a chance to get in early on the next Apple or Google.  The big winners are CEOs and celebriti...
United States Steve Huffman Shaquille Oneal Martin Luther King Aaron Levie Kevin Mayer

SPACs are the hot new way for startups to go public - and a booming 'side hustle' for people with star status

SPACs are the hot new way for startups to go public - and a booming side hustle for people with star status insider@insider.com (Adam Lashinsky) © Provided by Business Insider Chamath Palihapitiya, SoftBanks Masayoshi Son, and Richard Branson have all dived into the SPAC frenzy. Brian Ach/Getty Images; Tomohiro Ohsumi/Getty Images; Axelle/Bauer-Griffin/FilmMagic; and Melia Russell/Insider Its a boom time for SPACs — special purpose acquisition companies that provide an easy...
United States Masayoshi Son Richard Branson Steve Huffman Martin Luther King Chamath Palihapitiya
Source: msn.com

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