SPAC founders have raised over $24 billion since November 2024, marking a significant increase compared to the previous two years. This surge positions 2025 as potentially the strongest year for SPACs since 2021, with notable investments in nuclear energy, quantum computing, and cryptocurrency. Despite the influx of capital, the performance of SPACs remains mixed. Of the 589 companies that went public via SPAC since January 2019, only 11% are trading above their initial offering price. Additionally, 31% have either gone bankrupt or been acquired, while 48% have experienced a market value decline of 50% to 99%.