SPAC’d CEOs: ‘We Thought Stock Markets Were Nicer’

LONDON — A collective of CEOs from space companies recently listed public through SPACs (Special Purpose Acquisition Companies) shared a panel during the International Conference of Space Economies (ICSE)—held in Rome early February—where they spoke about their experiences going to public markets through this process, and shared insight about their current status. “Stock markets are vicious; there’s mean people there” said one of the executives during the discussion. “People seem to pay shockingly close attention to odd things like earnings and they even analyze the financial statements we must release, something that I don’t even do” stated another CEO. “I didn’t know you could short positions until we went public”, asserted another one.
The panel closed with a joint statement where they declared they find stock markets ‘overly capitalist’ and expressed desires to go back to how things used to be.