To Wall Street and beyond: A look at the new space race backed by SPACs

Last Sunday the world got a feel for what space tourism has to offer, but the assets flowing into the development of commercial space travel and the space industry broadly signal more intriguing developments are ready for the launchpad.

Virgin Galactic gets credit for kicking off this trend. It became a publicly traded company through a SPAC in 2019, when it merged with Social Capital Hedosophia, a Cayman Islands shell.

Its counterpart in team Bezos, Blue Origins, on the other hand, remains a privately held company, and though there has been talk of an IPO . . .

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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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