According to @KobeissiLetter, SPAC founders have raised over $24 billion since November 2024, exceeding the prior two years combined and putting 2025 on track to be the strongest SPAC year since 2021, source: @KobeissiLetter. The majority of recent SPAC deals are targeting nuclear energy, quantum computing, and the cryptocurrency industry, indicating a growing pipeline of crypto-related SPAC activity, source: @KobeissiLetter. Only 11% of the 589 companies that went public via SPAC since January 2019 are trading above their original listing price, source: @KobeissiLetter. Over the same period, 31% have gone bankrupt or been acquired and 48% have declined between -50% and -99% in value, source: @KobeissiLetter.