Blowing bubbles: What are blank cheque companies?
Inside the mysterious new investment trend that has taken the billionaire class by storm
- Words by: Joseph Bullmore
Inside the mysterious new investment trend that has taken the billionaire class by storm
Inside the mysterious new investment trend that has taken the billionaire class by storm
You can buy a , a , a football team, a timeshare on Mars… Hell, you can even buy a president if you like. But the true status symbol of the new billionaire class is something more understated, more misunderstood, more mysterious, more, well, bubbly. Your very own blank cheque company. Otherwise known as Special Acquisition Companies (or SPACs), these are the latest highly-gaseous, highly-geared investment tools that have taken your favourite billionaires by storm. But what are they? What do they mean for the rest of us? And how can you get in on the fun?
You can buy a , a , a football team, a timeshare on Mars… Hell, you can even buy a president if you like. But the true status symbol of the new billionaire class is something more understated, more misunderstood, more mysterious, more, well, bubbly. Your very own blank cheque company. Otherwise known as Special Acquisition Companies (or SPACs), these are the latest highly-gaseous, highly-geared investment tools that have taken your favourite billionaires by storm. But what are they? What do they mean for the rest of us? And how can you get in on the fun?
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Discover the perks of being a member
| Clubhouse Membership | |
|---|---|
| Two Magazines per yearDelivered to your door | |
| Full Access to Paywall contentAccess to all member-only online features | |
| Membership Cardto redeem all the perks. | |
| Members Invites to Exclusive Eventsto private Clubhouse events | |
| Weekly newsletter Straight to your inbox | |
1 year £39.99 Equivalent to £3.33/month |
