Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?
by Douglas Messier Managing Editor
Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.
A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.
President elect Donald Trump has named commercial space backer Charles Miller to the NASA landing team amid reports that similar minded advocates will be added to transition group.
Miller is president of NexGen Space LLC, a company that advises clients on commercial, civil and national security space. He previously served as NASA’s senior advisor for commercial space.
The Wall Street Journalreports that Trump officials are also working on appointing Alan Stern, chairman of the Commercial Spaceflight Federation, and Alan Lindenmoyer, who formerly managed NASA’s Commercial Crew and Cargo Program. Both nominations are in the process of being vetted for conflicts of interest.