Inside Wall Street’s New SPAC Turducken Craze

The SPAC craze is back—and it’s weirder than ever. Blank-check firms are now cozying up to crypto treasuries and quantum tech, with some deals looking more like financial turducken than...

By Bloomberg Markets · Bloomberg Markets

The SPAC craze is back—and it’s weirder than ever. Blank-check firms are now cozying up to crypto treasuries and quantum tech, with some deals looking more like financial turducken than sound investments. Bloomberg's Bailey Lipshultz breaks down why investors could be setting themselves up for another painful déjà vu. (Source: Bloomberg)