Why SPACs are booming in 2021
SPACs, which stands for special purpose acquisition company, are surging. From January to February, there have been $70 billion dollars in SPAC transactions. In 2020, there were $83 billion dollars total. Leslie Picker joins 'The News with Shepard Smith' to explain why SPACs are booming, including interest from Hollywood celebrities.
UP NEXT
NOW PLAYING: Video
Why SPACs are booming in 2021
CNBC
UP NEXT
-
Stocks remain the most attractive asset class in the long run: Deutsche Bank
CNBC
-
L'Oreal's new South Asia and Middle East market to be a key 'growth engine'
-
UBS is 'constructive' on the second quarter performance of Chinese stocks
-
Consumer companies have pricing power advantage, says investor
-
Most U.S. energy stocks are 15-20% undervalued: Morningstar
-
CEO of Softbank-backed SambaNova explains the firm's approach to artificial intelligence
-
Will Citi's exit from retail banking in 13 markets affect its private banking footprint?
-
Economist discusses uncertainty about global oil demand
-
American and Chinese economies are intertwined, says former U.S. Treasury secretary
-
Credit Suisse sees a multi-decade investment opportunity in energy transition
-
Invest in banks for a conservative fintech play, says Aberdeen Standard Investments
-
Blackrock favors cyclicals. Here's how it's playing that theme
-
The metaverse offers a new frontier in the digital economy: The Sandbox
-
Use the market pullback to get into growth stocks, says strategist
-
Iron ore price and production levels are key to Rio Tinto's share performance: Fund manager
-
People feel bittersweet after Chauvin found guilty on all charges
![image beacon](https://web.vortex.data.msn.com/collect/v1/t.gif?name=%27Ms.Webi.PageView%27&ver=%272.1%27&appId=%27JS%3AMSN%27&ext-app-env=%27prod%27&ext-javascript-libver=%274.0.0-beta-10%27&ext-user-localId=%27t%3A3A20C14FBCD76EE81605D16FBD606F65%27&*baseType=%27Ms.Content.PageView%27&*isJs=False&*title=%27%27&*isLoggedIn=False&*isManual=True&*serverImpressionGuid=%2715835545-f85f-41d7-8673-736e45de5f59%27&-ver=%271.0%27&-impressionGuid=%2715835545-f85f-41d7-8673-736e45de5f59%27&-pageName=%27channelplayerpage%27&-uri=%27http%253A%252F%252Fwww.msn.com%252Fen-us%252Fmoney%252Fvideo%252Fwhy-spacs-are-booming-in-2021%252Fvp-BB1ei6HC%27&-referrerUri=%27%27&-pageTags=%27{"pg.t"%3A"video"%2C"pg.p"%3A"prime"%2C"pg.c"%3A""%2C"ex"%3A""%2C"rid"%3A"15835545f85f41d78673736e45de5f59"%2C"clid"%3A"3A20C14FBCD76EE81605D16FBD606F65"%2C"clidType"%3A"muid"%2C"di"%3A"7290"%2C"partner"%3A"CNBC"%2C"publcat"%3A"CNBC%2BLLC"%2C"cvs"%3A"Browser"%2C"subcvs"%3A"finance"%2C"entityId"%3A"BB1ei6HC"%2C"entitySrc"%3A"vp"%2C"provid"%3A"AAnPvW"%2C"dpt"%3A"finance-video"%2C"sdpt"%3A""%2C"ar"%3A"0"%2C"dgk"%3A"downlevel.pc"%2C"imd"%3A"0"%2C"parentId"%3A""%2C"pgIdx"%3A""%2C"pgTot"%3A""%2C"anoncknm"%3A""%2C"afd"%3A""%2C"issso"%3A"0"%2C"aadState"%3A"0"}%27&-behavior=0&-market=%27en-us%27){kind=small}