Space technology sector SPAC deals take off in first quarter "It marks a watershed moment, and a belief that the transformative potential of SpaceTech is now becoming accepted within the investment community" said Seraphim Capital The space technology industry saw an acceleration in the number of announced mergers with special-purpose acquisition companies (SPACs) so far in 2021, with 11 space-related companies announcing they are coming to market via deals with 'blank check' vehicles. In total, the first quarter has seen US$7.2bn of intended funding for the space sector, compared to US$7.7bn for the whole of last year, according to research by Seraphim Capital, which managed the Seraphim SpaceTech Index.