Winning With SPACs Is a Long Shot

With SPACs, you're betting on companies with short track records and uncertain futures – and relying on someone else to find them.

spacs written out with tiles
(Image credit: Getty Images)

Getting in early on the next Tesla (TSLA) or Netflix (NFLX) is a major selling point of SPACs, or special purpose acquisition companies.

SPACs offer an alternative to traditional initial public offerings (IPOs) and have surged in popularity. But picking a winner is far from a sure thing.

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Contributing Writer