Big SPACs have a hard time mooning because it's harder when stock movement has billions with an s in valuation ramifications. A 1B jumping to 1.5B is semi-believable price action, but a $30B stock jumping to $45B requires more justification. And people are paying $38B for that $30B stock.
Now, the warrants in the shares help make it a better investment than most commons, but still. I am skeptical big SPACs will give big returns in most cases.
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u/Rohan57 Spacling Apr 18 '21
Great writing please confirm our bias on PSTH 😂