How to Get In I've written about the many ways things have changed. Most notably, it's the resurgence in SPACs that has changed the game for the average fella. It's no secret that deals have been getting bigger and bigger in recent decades. They're so big that even the uber-rich can't afford to be involved like they used to. For a slew of reasons - but mostly regulatory - companies are waiting longer than ever to go public. It means their price tags are much higher once they hit the public market. Microsoft (Nasdaq: MSFT), for example, made its public debut with a market cap of less than $777 million. More recently, Uber (NYSE: UBER) hit the Street when it was worth $75.5 billion. The gap is huge. That trend is one of the leading reasons SPACs have become so popular. In fact, one of the billionaires who used to join me in Alaska was just involved in a SPAC of his own. He's worth nearly $8 billion... but that doesn't go too far when the big-name deals are coming with price tags of $4 billion, $6 billion and more. He's a big fish... but the pond is getting bigger by the second. Take the big news from the SPAC world last week... Core Scientific is one of the largest cryptominers in America. It has operations in North Dakota, North Carolina, Georgia and Kentucky. It's completely out of space, though, and needs money. A decade or two ago, it likely could have gotten all it needed from the private sector. But with Core Scientific's valuation of $4.3 billion, its best chances are in the public market. It'll soon merge with a SPAC and make its shares available to anybody. It's a win... and a deal to watch. Your Chance... The SPAC space is maturing very nicely. Sure, it got a lot of attention this spring when new deals were announced nearly every day. Back then, it accounted for nearly 75% of all IPOs. But things have calmed down. The space is no longer overheated and now accounts for a much healthier 50% of deals. We're in the sweet spot. SPACs offer a rare shot to take advantage of what I was a part of so many years ago. They allow investors to take advantage of a billionaire's connections... and invest right alongside them. Just like that rich guy said as he stepped back onto the floatplane in Alaska with a new deal in his pocket... "The deals are worth it." There's a lot to know about SPACs. I certainly didn't cover them all. To watch my recent in-depth interview on the subject, click here. Good investing, Andy | 
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