At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle.
Illustration: Ali Larkin
$PLTR estimates
“This highlights an extreme risk for this method of customer acquisition as the capital losses to date dwarf the revenue generated… the timing risk for capital loss is also heightened by making the investments at the top of the VC/IPO cycle.” $PLTR
Same company the bribed military and Congressmen to win some of their early work.. Shocker.
Clown company
TaylorMadeBeau get him the fuck outta there
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