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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