Cannabis, space travel, and electric cars: These far-out fields championed by SPACs could harness the power of hype and spur new eras of innovation, one VC says

SPACs are on the rise, and they have developed an interest in "hype'' sectors: cannabis, space travel, electric cars, and sports gambling. Some hyped-up companies demonstrate a potential for growth, but remain unprofitable, whereas other hyped-up companies belong to industries that investors generally avoid, like gambling. But hype is actually a powerful creative force in […]