When Spacs attack
Special purpose acquisition companies are back and booming
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Special purpose acquisition companies are basically bags of money looking for businesses to acquire. They boomed in 2021 and then went into hiding. Now they’re back and booming. Today on the show, Rob Armstrong and Aiden Reiter survey the frontiers of Spacs. Also they go short the dollar and long jewels.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
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