Magnetar does SPACs, in a big way, with a sprinkle of star power

A magnetar is a type of neutron star believed to have an extremely powerful magnetic field. Magnetar Capital uses its magnetic powers to attract a big name to two of its sponsored SPACS.

Institutional Investor ‘s Steven Taub noted the SPAC-related activities of an infamous name in finance — Magnetar — back in December 2020.

A SPAC sponsored by Magnetar has filed IPO plans just two weeks after the hedge fund firm’s first blank-check company this year announced a merger agreement.

Hedge fund firm ’s second blank-check company this year is s…