SPACs — Money goes public

In times of low inte­rest rates, inves­tors are looking for new forms of invest­ment. Since 2020, SPACs (Special Purpose Acqui­si­tion Compa­nies) have become very popu­lar. These are exch­ange compa­nies that only contain money and are looking for a promi­sing target company to merge with the SPAC. In 2020, there were about 250 SPACs listed on the stock exch­ange with a total value of $79 billion; in Janu­ary 2021, their value increased by $40 billion. Hundreds of SPACs are curr­ently looking for targets to acquire.