My suspicion about the thin-tailed risk here is that either congress or the SEC passes landmark regulation about SPACs (which is potentially plausible) and those stocks go to 0, very quickly, as the initial investors who IPOed the SPAC pull their money out. See, ICOs (though those were obviously higher risk)
My suspicion about the thin-tailed risk here is that either congress or the SEC passes landmark regulation about SPACs (which is potentially plausible) and those stocks go to 0, very quickly, as the initial investors who IPOed the SPAC pull their money out. See, ICOs (though those were obviously higher risk)