SPACs are the future, but you have to be smart about investing in them July 26, 2021 By Luke Lango, InvestorPlace Senior Investment Analyst Jul 26, 2021, 4:56 pm EDT July 26, 2021
It was in that month that space tourism pioneer
Virgin Galactic (NYSE:
But the shocker came when Virgin announced that it would
not be going public through a traditional IPO process. Rather, the Richard Branson-backed company said it was going public by merging with a special purpose acquisition company or
SPAC, for short backed by former Facebook exec and billionaire venture capital investor Chamath Palihapitiya.
At the time, investors raised their eyebrows at the news, but didn’t make much of it…
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