Why SPACs 2.0 Could Be the Game-Changer No Investor Saw Coming—And How to Cash In Before It’s Too Late
Given recent expressions of support for crypto by several high-profile political figures, including President Donald Trump and Republican lawmakers, it is not unexpected that several politically connected figures have taken interest in the current SPAC activity. Notable examples include:
- A media-focused SPAC launched by President Trump following his first term in the White House.
- Brandon Lutnick, the son of Commerce Secretary Howard Lutnick, is chairman and chief executive of Cantor Equity Partners.
- After helping get Trump’s SPAC off the ground, former Republican congressman Devin Nunes has expressed interest in crypto-related investments for his latest SPAC.
The involvement of sponsors like Cantor Fitzgerald and figures such as Nunes underscore how experienced SPAC players are driving the latest wave of offerings. Serial sponsors accounted for four-fifths of the SPAC IPOs in the first quarter of 2025 and $2.7 billion of the $3.1 billion in proceeds raised. We’ll find out if these SPAC pioneers learned the right lessons to keep the new batch of companies from flaming out.
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