- Special-purpose acquisition companies, or companies formed to raise cash to acquire and take private companies public, signed a record $109B in global transactions last month.
- 188 SPACs in the US have already raised $58B, a significant acceleration from 2020’s total of $78B.
- The most notable recent SPAC involved electric vehicle manufacturer Lucid Motors ($24B transaction).
- While Goldman Sachs CEO David Solomon called the recent SPAC boom “unsustainable”, there’s a growing debate about whether it has morphed into a bubble.
SPAC dealmaking sets new record
(03/01/2021)