Bookending the blitz, Chamath Palihapitiya begins unwinding two SPACs

Nearly three years ago, a special purpose acquisition vehicle (SPAC) spearheaded by investor Chamath Palihapitiya took the space tourism company Virgin Galactic public. It was the first human spaceflight company to trade on the NYSE — or any exchange, for that matter — and it was so successful that it almost immediately kicked off a SPAC frenzy.
The beauty of the mechanism, as Palihapitiya once suggested to us, is that SPACs aren’t weighed down by the same disclosures associated with the traditional initial public offering process. Whereas old-school IPOs are backwards looking and tell i

リンク元