Health-Related SPACs Booming in Pandemic: Report

2020 and 2021 brought a new wave of space companies going public, often by way of a SPAC, reports Private Equity News.

Investors who bought into a SPAC that took a healthcare-services company public last year in an $11 billion deal have suffered steep losses, reports Private Equity News. But promoters of the SPAC still stand to make millions.

Taking a unicorn public almost always involved a traditional IPO or direct listing. But in recent quarters, a once-obscure option — a SPAC merger — has become an increasingly mainstream alternative, Crunchbase reports

Realized and unrealized losses on the SPAC portfolio reached 75% at the end of September, or about $333 million, according to an analysis of Palantir’s latest accounts. The red ink may have increased since then.