MP Materials

MP Materials Corp (NYSE:MP) witnessed a surge of 2.59% in after-hours trading on Thursday, after closing the regular session at $45.23, marking a gain of 50.63%. What Happened: The U.S. government has decided to invest in MP Materials, making it the company’s largest shareholder. This...

The 2020 presidential election is the biggest story for the public markets this week. Here is a look at how the election could impact another big story this year: special purpose acquisition companies.  Lordstown Motors (NASDAQ: RIDE) shares gained 22.48% Tuesday. The former SPAC is an...

President Donald Trump signed a new executive order to emphasize the U.S. efforts on rare earth mining. What Happened: On Wednesday, Trump signed an executive order to expand the production of rare earth minerals. Rare earth minerals are vital to many manufacturing sectors, including electric...

Chamath Palihapitiya joined the September Benzinga Boot Camp on Friday, sharing a wide range of thoughts on SPACs. Palihapitiya On SPACs: Palihapitiya has been referred to as the king of SPACs.  His first SPAC offering, Social Capital Hedosophia Holdings, raised $600 million and...

Fresh off the announcement that Social Capital Hedosophia Holdings Corp II (NYSE: IPOB) will merge with OpenDoor, Chamath Palihapitiya quietly filed for three new special purpose acquisition company IPOs Friday after the market close.  The Offerings: The three SPACs follow...