The Most Successful SPAC of All Time: Ranking the Top Contender

Choose the SPAC you think is the most successful!

Author: Gregor Krambs
Updated on Apr 17, 2024 07:55
Welcome to StrawPoll, where your opinion truly counts! Today, we're exploring the world of Special Purpose Acquisition Companies (SPACs) and their astounding success stories. We've seen numerous SPACs create waves in the market, but now it's time to settle the debate - which one takes the crown as the most successful SPAC of all time? We've compiled a list of game-changing SPACs for you to vote on or even suggest a missing option that deserves recognition. So, buckle up and dive into this thrilling ranking as we unravel the most triumphant SPACs that have shaped industries, disrupted markets, and etched their names in the annals of financial history. Cast your vote now and let your voice be heard in this exciting race to the top!

What Is the Most Successful SPAC of All Time?

  1. 1
    61
    votes
    This SPAC has been the most successful of all time, raising $2.07 billion in its IPO and merging with EV maker Lucid Motors in 2021. The deal valued Lucid at $24 billion, making it one of the largest SPAC mergers to date.
    Churchill Capital Corp IV (CCIV) is a special purpose acquisition company (SPAC) founded by Michael Klein. SPACs are companies created for the sole purpose of raising capital through an initial public offering (IPO) to acquire or merge with an existing operating company. CCIV raised significant funds through its IPO and was widely regarded as one of the most successful SPACs of all time.
    • IPO Date: September 18, 2020
    • Ticker Symbol: CCIV
    • IPO Size: Raised $1.8 billion
    • Merger Target: Lucid Motors
    • Merger Announcement Date: February 22, 2021
  2. 2
    29
    votes

    Social Capital Hedosophia

    Chamath Palihapitiya
    This SPAC has been responsible for some of the most successful IPOs in recent years, including Virgin Galactic and Opendoor. It raised $1.3 billion in its IPO and has since launched several more SPACs.
    Social Capital Hedosophia (SCH) is a special purpose acquisition company (SPAC) founded by Chamath Palihapitiya and Ian Osborne. It was formed with the vision of merging with and taking public promising technology companies.
    • Year of creation: 2017
    • Industry focus: Technology
    • Number of mergers: 9
    • Largest merger deal size: $16 billion
    • Notable mergers: Virgin Galactic, OpenAI, Opendoor, Clover Health
  3. 3
    21
    votes
    This SPAC, led by billionaire investor Bill Ackman, raised $4 billion in its IPO in 2020, making it the largest SPAC ever at the time. While it has yet to complete a merger, its size and reputation have made it one to watch.
    Pershing Square Tontine Holdings is a special purpose acquisition company (SPAC) that was launched in 2020. It is considered the most successful SPAC of all time in terms of size, raising $4 billion in its initial public offering (IPO). The company was created with the intention of merging with a privately held company to take it public.
    • Launch Year: 2020
    • Funds Raised in IPO: $4 billion
    • Intended Purpose: Merging with a private company to take it public
    • Size: Largest SPAC of all time
    • Creator: Bill Ackman
  4. 4
    9
    votes

    Chamath Palihapitiya's SPACs

    Chamath Palihapitiya
    Entrepreneur and investor Chamath Palihapitiya has launched several successful SPACs, including Social Capital Hedosophia Holdings Corp. II, which merged with healthcare startup Clover Health in 2021. His SPACs have raised billions of dollars and are known for their focus on disruptive technology.
    Chamath Palihapitiya's SPACs refer to special purpose acquisition companies (SPACs) created by Canadian-American venture capitalist Chamath Palihapitiya. Palihapitiya has gained significant attention for his successful SPAC ventures in recent years.
    • 1: Chamath Palihapitiya is a prominent venture capitalist and tech industry executive.
    • 2: His first SPAC, Social Capital Hedosophia, became one of the most successful SPACs of all time.
    • 3: Palihapitiya's SPACs focus on acquiring technology companies, particularly in the fields of software, e-commerce, and healthcare.
    • 4: He emphasizes finding businesses that have the potential to disrupt traditional industries.
    • 5: Palihapitiya's SPACs often attract substantial investor interest and have been successful in raising large amounts of capital.
  5. 5
    14
    votes

    Pershing Square Holdings

    William A. Ackman
    While not a SPAC, Pershing Square Holdings is an investment fund managed by Bill Ackman that has been successful in investing in SPACs. It has made significant investments in several SPACs, including its own Pershing Square Tontine Holdings.
    Pershing Square Holdings is a publicly listed hedge fund and special purpose acquisition company (SPAC) that aims to serve as a vehicle for investors to access a concentrated portfolio of long-term investments. The company primarily focuses on investing in publicly traded companies with strong fundamentals and attractive growth prospects.
    • Year of creation: 2012
    • Stock exchange listing: Euronext Amsterdam
    • Ticker symbol: PSH
    • Investment strategy: Concentrated portfolio, long-term investments
    • Total assets under management: Over $11 billion
  6. 6
    7
    votes
    This SPAC merged with electric vehicle charging company Wallbox in 2021, valuing the company at $1.5 billion. It raised $345 million in its IPO and has been successful in identifying promising companies to merge with.
    Kensington Capital Acquisition Corp is a special purpose acquisition company (SPAC) that was formed to identify and acquire a target company within a specific industry. Its focus is primarily on finding businesses in the technology, media, and telecommunications sectors. The company was established to provide growth capital and operational expertise to its target company, with the goal of accelerating its growth and enhancing its value in the long term.
    • Industry Focus: Technology, Media, and Telecommunications
    • Target Company Type: Private company
    • Primary Objective: Identify and acquire a target company
    • Capital Provided: Growth capital
    • Operational Expertise: Provided to the target company
  7. 7
    11
    votes

    DiamondPeak Holdings

    David T. Hamamoto
    This SPAC merged with electric vehicle startup Lordstown Motors in 2020, valuing the company at $1.6 billion. It raised $250 million in its IPO and has been successful in identifying companies in the EV space.
    DiamondPeak Holdings is a special purpose acquisition company (SPAC) that went public in 2020. It was created by David T. Hamamoto, a successful real estate investor and former CEO of NorthStar Realty Finance. DiamondPeak Holdings focuses on acquiring businesses in the technology, media, and telecommunications (TMT) sectors. With a strong management team and a robust network of industry connections, it has become one of the most successful SPACs of all time.
    • Year of IPO: 2020
    • Sector Focus: Technology, Media, Telecommunications
    • Management Team: Experienced and knowledgeable
    • Industry Connections: Robust network
    • Acquisition Focus: High-growth TMT businesses
  8. 8
    15
    votes
    This SPAC merged with electric vehicle charging company ChargePoint in 2020, valuing the company at $2.4 billion. It raised $300 million in its IPO and has been successful in identifying companies in the EV infrastructure space.
    Switchback Energy Acquisition Corp is a special purpose acquisition company (SPAC) that focuses on energy and sustainability companies. It was created with the aim of merging with a target company in order to take it public. Switchback Energy Acquisition Corp completed its initial public offering (IPO) in July 2019.
    • Ticker Symbol: SBE
    • IPO Date: July 25, 2019
    • Industry Focus: Energy and Sustainability
    • IPO Proceeds: $300 million
    • Merger Completion: October 6, 2020
  9. 9
    10
    votes

    Foley Trasimene Acquisition Corp

    William P. Foley II
    This SPAC merged with fintech company Paysafe in 2021, valuing the company at $9 billion. It raised $1.2 billion in its IPO and has been successful in identifying promising companies in the financial technology space.
    Foley Trasimene Acquisition Corp is a Special Purpose Acquisition Company (SPAC) that was founded with the purpose of merging with or acquiring a target company in the technology, healthcare, financial services, or business services sectors.
    • Initial public offering (IPO) date: July 26, 2019
    • IPO size: $900 million
    • Number of shares offered: 90 million
    • Over-allotment option: 15 million shares
    • Target industries: Technology, healthcare, financial services, and business services
  10. 10
    3
    votes

    Landcadia Holdings

    Tilman Fertitta
    This SPAC merged with online sports betting company Golden Nugget Online Gaming in 2020, valuing the company at $745 million. It raised $300 million in its IPO and has been successful in identifying companies in the online gaming and betting space.
    Landcadia Holdings is a Special Purpose Acquisition Company (SPAC) founded by Tilman Fertitta, a well-known businessman and CEO of Landry's, Inc. It was established with the goal of merging with an operating business and taking it public. Landcadia completed its initial public offering (IPO) in 2016 and has since become one of the most successful SPACs of all time.
    • IPO Date: June 17, 2016
    • Stock Symbol: LCA
    • IPO Offering Size: $345 million
    • Merger Target: Golden Nugget Online Gaming (GNOG)
    • Merger Date: December 30, 2020

Missing your favorite SPAC?

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Discussion

Ranking factors for successful SPAC

  1. Size of deal
    The larger the deal size, the more impressive the SPAC's performance.
  2. Acquisition target
    The quality of the acquisition target and its subsequent performance post-merger is a crucial factor.
  3. Return on investment (ROI)
    The SPAC's return on investment over a specified period is a crucial metric to measure its success.
  4. Timeframe
    The shorter the time it takes for the SPAC to find and acquire an attractive target, the better its performance.
  5. Industry or sector
    Some sectors are known for their ability to generate high returns and exceptional performance. Therefore, SPACs in such sectors are more likely to be successful.
  6. Reputation
    SPACs managed by reputable management teams with a proven track record of success in leveraging special purpose acquisition companies to generate returns are more likely to be successful.
  7. Liquidity
    Finally, the liquidity of the SPAC's stock after the merger is completed is also crucial. SPACs with liquid stock generally perform better.

About this ranking

This is a community-based ranking of the most successful SPAC of all time. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or SPAC is missing, feel free to help improve the ranking!

Statistics

  • 5368 views
  • 189 votes
  • 10 ranked items

Voting Rules

A participant may cast an up or down vote for each SPAC once every 24 hours. The rank of each SPAC is then calculated from the weighted sum of all up and down votes.

More information on most successful spac of all time

Special Purpose Acquisition Companies (SPACs) have become a popular investment tool in recent years, allowing companies to go public without the traditional initial public offering (IPO) process. SPACs are essentially shell companies that raise funds through an IPO with the sole purpose of acquiring another company within a certain timeframe. Once the acquisition is complete, the acquired company takes over the SPAC's public listing. SPACs have been around for decades, but they gained significant attention in 2020 as the pandemic disrupted the IPO market. Many companies turned to SPACs as a quicker and less risky way to go public. This resulted in a surge of SPAC activity and a number of high-profile mergers. So, what is the most successful SPAC of all time? It's a question that's difficult to answer definitively, as success can be measured in different ways. Some might consider the size of the merger or the market capitalization of the resulting company, while others might focus on the returns for investors. However, there are a few notable examples that often come up in discussions of successful SPACs, including DraftKings, Virgin Galactic, and Nikola.

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