From Breakingviews - Breakingviews - COMMENTARY: Wild SPAC deal-hounds howl at moonshots ↧ ↧ Breakingviews - COMMENTARY: Wild SPAC deal-hounds howl at moonshots Shell companies abound again, accounting for 62% of US market debuts ​this year. The $28 bln raised ​also amounts to more than traditional ⁠IPOs in hotspots like Hong Kong ​and Shanghai. Ambitious tech takeover targets ​make them riskier investments than even SpaceX or Anthropic.