The SPAC Podcast: Special Purpose Acquisition Company

Welcome to another episode of SPAC Updates, a recurring series on the SPAC Podcast where we break down the latest activity shaping the SPAC market.

In this episode, hosts Josh Wilson and Michael Blankenship discuss the current state of the SPAC ecosystem, including the growing number of SPACs searching for targets and how that dynamic is shifting leverage across the market.

With more than 220 SPACs actively seeking merger targets and...

Going public is one of the most important decisions a founder can make. But choosing the right path to the public markets is just as critical as the decision itself.

In this interview, host Michael Blankenship sits down with Peter Wright, founder of McKinley SPAC and a longtime capital markets advisor with experience across more than 30 SPAC transactions.

Peter shares insights from his career as both a sell-side and buy-side research...

One of the biggest emerging sectors in SPAC markets today? Data centers.

In this clip; Michael J. Blankenship and Delon Turner highlights how the rapid growth of AI and cloud infrastructure is reshaping capital markets.

Investors are increasingly evaluating opportunities based on future potential rather than current revenue.

Data center infrastructure is one example where land and location alone can creat...

What makes a company the ideal SPAC target today?

According to venture investor Delon Turner, the answer is increasingly tied to technology.

In this clip, Delon talks with host Michael J. Blankenship and explains that while FinTech and software dominated the 2021 cycle, today’s SPAC targets are shifting toward:
• Artificial intelligence
• Machine learning technologies
• Data center infrastructure
•...

The SPAC market of 2026 looks very different than the SPAC boom of 2021.

In this clip, Delon Turner explains how the market has evolved since the SPAC surge several years ago.

During the peak cycle, there were more SPACs chasing deals than there were viable companies to take public. That imbalance created what many now call the SPAC bubble.

Since then, several things have changed:

• Stronger regulation

• More disciplined sponsor teams

• ...

“I’m an ex-athlete who played 11 years in Europe and a former Wall Street banker. Today I run a venture capital firm investing across FinTech, AI, and software.”

On this episode, Mike Blankenship sits down with SPAC leader and venture investor Delon Turner, founder and managing partner of a venture capital firm focused on emerging technology sectors.

Delon shares how his journey from professional sports to Wall Street shaped his appr...

In this clip, Roland Austrup discusses research from an upcoming white paper comparing modern public operating conglomerates to private equity performance. Companies like Danaher, Constellation Software, Brookfield, Roper, and Berkshire Hathaway have demonstrated that public markets can deliver strong long-term returns while maintaining operational flexibility.

Roland explains why some companies may actually face more constraints un...

Roland explains why capital markets will play a critical role in supporting this next generation of transformative companies. He also discusses how SPACs can provide a more efficient pathway for high-growth businesses to access public capital compared to traditional IPO processes.

With innovation accelerating globally, the ability to connect capital with emerging technologies will shape the next decade of economic growth.

D...

Roland Austrup, Chief Growth Officer at Inventure Inc., joins The SPAC Podcast to discuss how SPACs have evolved into a more disciplined and efficient path for companies to access the public markets.

Roland shares insights from his background in hedge funds, public markets, and building operating companies, explaining why SPAC 2.0 has matured with stronger regulation, better sponsor quality, and tighter timelines.

The conversation ex...

Ranjeet Sundher explains why Tactical Resources selected the SPAC path to go public in the U.S. With MP Materials serving as a successful template for rare earth production via DESPAC, Tactical aims to become the second producing rare earth company in the U.S. He also shares why partnering with the Plum team made strategic sense after nearly a year of collaboration on structure and financing.

Disclaimer: Michael J. Blanken...

Ranjeet Sundher explains how vertical integration in West Texas reduces operational risk and strengthens domestic production. From direct leach processing onsite to producing mixed hydroxides in Texas, this strategy aims to keep critical mineral value creation inside the United States.

Disclaimer: Michael J. Blankenship is a licensed attorney and partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real...

Rare earths aren’t abstract commodities. They power daily life and national defense.

In this clip, Ranjeet Sundher explains how rare earth magnets sit behind nearly every electronic device from smartphones and laptops to AI chips and advanced defense systems. 

With China historically supplying over 95% of global rare earth magnets, domestic production carries significant economic and national security implications.

Disclaime...

In this clip, Ranjeet Sundher explains why Tactical Resources’ hard rock, direct-leach mineralization is such a rare technical advantage. By bypassing multiple expensive and environmentally intensive processing steps, the project offers a faster, cleaner, and potentially more cost-effective path to producing mixed rare earth products.

Mother Nature did the hard work and that changes the economics.

Disclaimer: Michael J. Bla...

Ranjeet Sundher explains why uniform mineralization at the Peak Project is a major technical advantage.

Processing facilities are engineered for specific grades and product types. When mineral grades vary widely across a site, processing becomes more complex, more expensive, and higher risk.

Peak’s homogenous mineralization means:

• More predictable processing

• Lower operating costs

• Reduced technical risk

• Smoother scale-up to commer...

Ranjeet Sundher, CEO of Tactical Resources, explains what makes the Peak Project fundamentally different from early-stage rare earth developments in the United States.

Unlike projects that require a decade of exploration and billions in capital before proving viability, Peak already has materials on site, existing infrastructure, and decades of groundwork completed. The focus now shifts from exploration risk to commercial applicatio...

Chris Sorrells shares the through-line connecting NuScale and Eagle Energy Metals. From his early exposure to nuclear markets in 1998 to helping build nuclear simulation platforms and supporting NuScale through licensing, Chris explains why first-mover advantage in SMRs mattered and why the next opportunity lies deeper in the supply chain.

With SMRs advancing toward commercialization, fuel and uranium supply have become the critical...

Why is feedstock the true bottleneck in the U.S. rare earth supply chain?

In this clip, Kanishka Roy breaks down the “mine to magnet” ecosystem and explains why magnet manufacturing is expanding faster than rare earth production. The real constraint isn’t building magnets,  it’s developing and scaling rare earth feedstock. Tactical Resources aims to address that bottleneck with an operational mine and surface level tailings ready fo...

What made Tactical Resources different from other critical mineral opportunities?

In this clip, Kanishka Roy explains why near-term execution, existing infrastructure, and 4 million tons of rare-earth-enriched tailings in West Texas made Tactical Resources uniquely positioned. With decades of operational history and a clear playbook similar to MP Materials, this opportunity offered scale, speed to monetization, and long-term runway ...

How do analysts determine if a SPAC deal price is fair? Ryan McGuire breaks down the valuation process, from income and market approaches to DCF models, explaining how fairness opinions assess whether shareholders receive appropriate value.
Guest: Ryan McGuire: https://www.linkedin.com/in/ryanquinnmaguire/

Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 Jos...