Notably, it has also helped launch five special purpose acquisition companies (SPACs), or blank-check firms entering the public arena for the purpose of merging with business enterprises.

Source: https://investorplace.com/2023/09/sofi-stock-alert-the-instacart-ipo-could-be-make-or-break-for-sofi/

The launch company officially began in 2017 as an offshoot of Virgin Galactic before going public in 2021 through a combination with a blank-check firm.

Source: https://mybroadband.co.za/news/motoring/486081-virgin-orbit-halts-operations-after-running-out-of-money.html