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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?