SPAC Deals Open Public-Market Route for AI Data Center Firms, Cohen Says on June 24
Updated
Updated · Bloomberg · Jun 24
SPAC Deals Open Public-Market Route for AI Data Center Firms, Cohen Says on June 24
3 articles · Updated · Bloomberg · Jun 24
Summary
AI data center and quantum-computing startups are increasingly turning to SPAC mergers instead of traditional IPOs to reach public markets, according to veteran dealmaker Betsy Cohen.
Cohen said the rebound in blank-check companies has made that path more useful for businesses tied to the AI infrastructure build-out, including firms focused on powering data centers.
The shift marks a break from the 1990s, when SPACs were first used to channel capital into the steel industry, underscoring how the vehicle is being repurposed for newer technology sectors.