Special purpose acquisition companies (SPACs) have seen a surge in growth since Donald Trump’s return to office. Since the November election, over $24 billion has been raised by founders with ties to Trump’s inner circle. Many of these SPACs align with his agenda, including those founded by Devin Nunes and Chamath Palihapitiya. Trump’s family members are also involved in some of these ventures, highlighting a potential link between MAGA ideology and the rise of this investment trend.
Source: https://www.bloomberg.com/news/articles/2025-10-23/spacs-are-back-and-maga-is-fueling-their-growth