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SPACS – ANOTHER BUBBLE THAT’S DEFLATING

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SPACs are very much a child of this age of fervid expectation, which was founded in how quickly the adoption of new tech is going to change the world. Everything from space tugs to hydrogen cars was apparently possible – whatever the realities of profits and costs suggested. Just a few months ago SPACs were perceived to be the simplest route into hot new companies across the disruptive tech market – new EV makers, spaceships, health and sports firms.

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