What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year
SpaceShipTwo Unity released for second glide flight over Spaceport America in New Mexico on June 25, 2020. Operator Virgin Galactic went public in 2020 via a SPAC, or special purpose acquisition company, helping to unite the investing craze in the travel sector. Virgin Galactic
Skift Take: Some travel sector startups will use special-purpose acquisition companies, or SPACs, to go public, instead of doing traditional IPOs. The trend has the makings of an investor frenzy. Here's our cheat sheet, covered in six questions and answers.
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