SoftBank will file to raise between $500 million and $600 million through an initial public offering of a special-purpose acquisition company, Axios reported. It would be the Japanese tech investment firm’s first SPAC. Goldman Sachs and Citigroup are managing the process for Softbank’s SPAC, which plans to buy a company in which SoftBank doesn’t already have a stake, according to Axios. ...
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The most valuable brands of the future are going to be people rather than companies. The shift in that direction is starting to happen right under our noses. Take the case of Elon Musk. You can’t assess Tesla’s $800 billion market capitalization against any sort of realistic view of its financial prospects. The stock isn’t valued as a business but as an Elon Musk trading card....
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