A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.
Going public through a special purpose acquisition company is officially mainstream. Special purpose acquisition companies, once looked down upon by Wall Street-types as a less respectable way to go public, have been forming and going public at an unprecedented pace this year.
A spree of space startups — Rocket Lab, Spire Global, BlackSky, Momentus, Astra, and AST SpaceMobile — have recently announced plans to go public through Special Purpose Acquisition Companies (SPACs), a method of financing that has become very popular in recent months.
The Investor Presentation for the Astra and Holicity merger is now available.
San Francisco-area startup Astra is going to be the next publicly-traded space stock, as well as the first that’s dedicated to orbital rocket launches. Chris Kemp, Astra founder, chairman and CEO, joined “Squawk Box” on Tuesday to discuss.