By Ross Kujdych & Madeleine Meier

The last few years have seen an unprecedented jump in target companies utilizing SPACs to go public. In 2020, SPACs raised $79.87 billion in proceeds from 237 public offerings, surpassing the $13.6 billion raised in 2019. Further, fundraising from SPAC IPOs surpassed that of traditional IPOs, which raised $67 billion in 2020.

By Ross Kujdych

Last week, the founder of Momentus Space, Mikhail Kokorich, abruptly resigned from his role as CEO. Kokorich’s involvement with Russian President Vladimir Putin and other Russian business institutions left regulators skeptical of the company—and ultimately suspended Momentus’s ability to go public.

By Gabo Perez-Alvarez

Gwynne Shotwell, the president of SpaceX, recently told a group of investors that their nascent Starlink program may branch off and become public.