![SPACs space industry 2021](/content/images/size/w720/wp-content/uploads/2021/07/2021-07-11T225631Z_1_LYNXMPEH6A0DV_RTROPTP_4_SPACE-EXPLORATION-VIRGINGALACTIC.jpg)
SEC cracks down as billionaire space race leads to rise in space SPACs
According to some, the SEC crackdown and the skepticism around how realistic these space-exploration company projections are, could cause problems for the space industry as a whole, making it more difficult for these capital-intensive companies to grow at the rate they need to.
What are SPACs, again?
* Special Purpose Acquisition