Financial Times's video: Spac mania: the blank-cheque blitz of 2020 FT

Special purpose acquisition companies have taken Wall Street by storm. These shell companies raise money by listing on the stock exchange but have no business plan other than to acquire a company that will eventually go public. Spacs have raised more than $55bn this year but, as Ortenca Aliaj explains, may not be the best return on investment. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for more stories on the economy. ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes'