What Will Happen To SPACs That Miss Their Aerospace Targets?

aircraft de-icing operation
Market conditions have put a chill on aerospace SPAC debuts, including that of Tomorrow.io, which provides weather data to customers such as Delta Air Lines.
Credit: Delta Air Lines
Tomorrow.io will have to wait for another day. The former ClimaCell weather services company rebranded and unveiled a plan a year ago to launch and operate a 32-satellite constellation as the cornerstone of a strategic shift to space-based services. Then in December, the Boston-based company said it...

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