SPACs Fuel $24 Billion Boom in 2024, Driven by Crypto and Nuclear Energy

The market for Special Purpose Acquisition Companies (SPACs) is experiencing a surge in 2024, raising over $24 billion. This growth reflects investor confidence in rapidly developing sectors like cryptocurrency and nuclear energy. However, the success rate of SPAC companies remains low. Only 11% of recent SPACs have stock prices exceeding their original offering price, highlighting continued volatility within the investment vehicle.