Space Company Momentus to Follow in Virgin Galactic's Footsteps With a SPAC IPO

15 months ago, Virgin Galactic (NYSE: SPCE) made history when it became the first pure-play "space company" to go public in an IPO by reverse merging itself into a special purpose acquisition company, or SPAC. That event (and the more than threefold increase in Virgin Galactic's stock price that followed) arguably sparked our recent craze of companies going public via a SPAC.

Now, another company is hoping to repeat the feat with the second-ever pure-play space company.

Image source: Momentus.

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Source Fool.com