The sudden burst of SPACs reminds some long-timers of the dot-com bubble in the late 1990s, CNBC reports. Pre-revenue businesses with far-out goals are going public at astronomical valuations, and famous athletes and other celebrities are getting in the mix. Mention the acronym to any well-known start-up CEO and you’ll likely hear about the non-stop calls they receive from sponsors with hundreds of millions of dollars to spend. Read more.
SPACs Used to be a Joke in Silicon Valley: Report
