Startups in sectors such as space trucking (Momentus), rocket launching (Rocket Lab), helicopter taxis (Archer Aviation), and electric vehicles (Lucid Motors, Xos, Nikola) are among the latest to merge with special purpose acquisition companies or SPACs – the asset class that has taken Wall Street by storm.
According to data available with SPACInsider, nearly 190 SPACs have been launched in the US stock markets so far this year, raising over $59 billion. That’s already about 75% of the total number of SPACs that raised capital in the whole of 2020.
