Space investment via SPACs soars

The space technology industry, a category encompassing everything from rocket launches to satellite operations to the packaging of data acquired from such satellites, is seeing a growing number of announced mergers via special purpose acquisition companies (SPACs), according to a firm that specializes in space innovation.

In the first quarter of this year, for example, Vector Acquisition Company bought Rocket Lab USA at a price valuing the latter at $4.1 billion, Bob Coleman’s NavSight Holdings bought satellite data and analytics services Spire Global, in a deal valuing Spire at about $1.6 billion, and Osprey . . .

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.

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