Singapore Exchange Moves to Create SPAC Listing Framework: Report

Virgin Orbit's bankruptcy represents a spectacular implosion of the once-promising space systems company, at one time widely touted as the next great innovator in advancing space travel.

Solid Power, a maker of solid-state batteries that counts Ford Motor Co. and BMW AG among its investors, is in talks with Decarbonization Plus Acquisition III, Bloomberg reports.

Hong Kong allows only professional investors to buy and deal in shares issued by a SPAC, and listings need to raise at least HK$1 billion (US$128 million) to qualify for its main board, the highest requirement among all exchanges.

Michael Shvartsman, the CEO of Rocket One Capital. and his brother Gerald Shvartsman, were named in a federal indictment unsealed Thursday in Manhattan federal court. Bruce Garelick, chief investment officer of Rocket and a member of the DWAC board, was also named.