Crypto Briefing6/24/2026Neutral (0.140)
Betsy Cohen sees SPACs as the on-ramp for AI data center companies going public
Betsy Cohen, known as the "SPAC Queen" and co-founder of Cohen Circle LLC, believes that Special Purpose Acquisition Companies (SPACs) are the ideal vehicle for AI data center companies seeking public capital for their massive expansion. While her firm's deal history has primarily focused on fintech, Cohen argues that SPACs offer a faster alternative to traditional IPOs and allow these pre-revenue or early-revenue AI firms to present forward-looking projections to investors. Investors should be aware of the inherent risks, as SPAC-merged companies have historically underperformed in their first year of trading, and the success of these AI data center firms depends on meeting construction timelines and securing crucial contracts.
