SPAC Rout Erases $75 Billion in Startup Value
brandonlin
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1 minute read
The blank-check boom has turned into a rout.
More than six months after the SPAC craze crested, a broad selloff has wiped about $75 billion off the value of companies that came public through special-purpose acquisition companies, according to a Dow Jones Market Data analysis of figures from SPAC Research.
