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Bill Ackman Wants to Take Elon Musk’s X Public. History Says It’s a Risky Move.

Por: MarketWatch Business October 02, 2023

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This isn’t Ackman’s first try to make a deal through SPAC. In the summer of 2020, he raised $4 billion through a blank-check company—the largest at the time—and intended to use the jumbo SPAC to purchase a 10% stake in , the world’s largest record label behind Taylor Swift, Lil Wayne and Lady Gaga. But the billionaire in 2021 after the Securities and Exchange Commission raised concerns about the complex transaction. Ackman liquidated... + full article



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