According to a report by The Kobeissi Letter on the X platform, since November 2024, SPAC (Special Purpose Acquisition Company) founders have raised over $24 billion, exceeding the total of the previous two years. 2025 is expected to be the strongest year for SPACs since 2021.

Most recent SPAC transactions have focused on the nuclear energy, quantum computing, and cryptocurrency industries.

However, of the 589 companies that went public via SPAC since January 2019, only 11% currently have share prices higher than their initial offering price. During this period, 31% of these companies have gone bankrupt or been acquired, and 48% have seen their market capitalization fall by 50% to 99%.