Ex-SpaceX, xAI Staffers Form SPAC for Space Assets

A new special purpose acquisition company (SPAC) is being formed by former employees of prominent tech firms including Surf Air Mobility, xAI, and SpaceX. This blank check company aims to identify and merge with a private space industry business, facilitating its public market debut. The move reflects Wall Street's growing interest and investment appetite for the burgeoning space sector, signaling potential opportunities for consolidation and growth among space-focused enterprises seeking capital.