Latest News

Palantir’s SPAC Bets Backfire, Hitting Company’s Growth

At their peak, SPACs accounted for 70% of all IPOs, with $95 billion raised. But now, the market has dried up and shares of companies that did SPAC deals have crashed. WSJ explains the decline of the IPO vehicle. Illustration: Ali Larkin

Palantir Technologies Inc. helped fuel the SPAC boom with an unusual strategy. The data-analysis company invested more than $400 million in startups that simultaneously signed deals to buy Palantir’s software. Palantir got a surge of revenue growth that it trumpeted to investors. 

The bets have backfired. 

Already a member? Sign In

Sponsored Offers

Most Popular news

Most Popular opinion

Recommended Videos

New electric car buying incentives kick in Jan. 1, and a lot has changed. Here’s an explainer.

Previous article

With new mortgages down 47%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News