A space startup worth US$4bil swears off fizzling SPAC craze

British billionaire Richard Branson’s space-tourism venture started the trend with its own SPAC, something space startup Relatively is declining to take part in. — REUTERS/File Photo

One of the most valuable private space startups after Elon Musk’s SpaceX is the type of company that sponsors of special purpose acquisition companies would love to target for a deal.

But Tim Ellis, co-founder and chief executive officer of Relativity Space Inc., just isn’t interested.