Wall Street’s Newest Way to Part Investors From Their Money

SPACs, or special purpose acquisition companies, have become a hot product. As usual, that’s good news for the big guys and bad news for the little guys.


The American Prospect depends on reader support

If you are scraping by right now, please don’t give us anything. But if you have the ability to support independent, non-profit journalism, we are so grateful. Your voluntary contribution helps keep this website paywall-free. You can sign up as a subscriber with a range of benefits, including an opt-in to receive the print magazine by mail.

Click to View Subscriber Levels: IDEAS, POLITICS & POWER