Why Bill Gates and Richard Branson see opportunity in SPACs
By
Matt Leibowitz
13 April 2021
Special purpose acquisition companies (SPACs) or “blank cheque companies” have become the ultimate hype beast of Wall Street and can be likened to the annual Yeezy drop of the trading world.
Everyone from celebrity billionaires, start-up entrepreneurs and side-hustling digital stock broking users are lining up for their opportunity for the drop of a stock.
Some notable big name SPAC investors include Microsoft founder Bill Gates who, even still, notes that high-quality SPACs – especially in the green category where he’s investing heavily — can improve their balance sheets via these financial instruments.