Can a SPAC Be a Top Stock? Virgin Galactic and Nikola Say Yes

Bradley Freeman, The Motley Fool
·4-min read
Can a SPAC Be a Top Stock? Virgin Galactic and Nikola Say Yes
Can a SPAC Be a Top Stock? Virgin Galactic and Nikola Say Yes

Over the past several months, companies have increasingly chosen to go public via the special purpose acquisition company -- or SPAC -- route. As an investor, it's important to consider how SPACs work, what characteristics to look for in a SPAC, and if this type of public company can be a sound investment. What is a SPAC?