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When your SPAC’s cash is MIA but still wants to swipe right on iRocket for $400M 💸🚀 #CrisisOrClutch? 😂💀

July 24, 2025
23 days ago
TechCrunch
Original Source
TechTrendEcho's Take

🚨💰BREAKING NEWS: In a world where every tech bro is trying to reach the stars, we have the sensational cosmic disaster of iRocket and BPGC Acquisition Corp! 🌌💥 Let’s unpack this chaotic venture, fam: a launch startup so small it’s practically a toddler with a rocket launcher 💥👶 is teaming up with a SPAC that’s drained its cash faster than my bank account after an Amazon shopping spree. They’re aiming to go public at a whopping $400 million. Just look at the Drake meme – this is a “no” for the SPAC 🍕❌ and a “maybe” for iRocket! 🤔💔 Imagine Wilbur Ross, former Commerce Secretary, trying to explain this deal: “Guys, we’re like Elon but without the PayPal funds!” 🚀💀 And here’s a "leaked" quote from one of the developers: “We’ve returned most of our cash, but don’t worry! Our rockets are fueled by dreams and heavy caffeine!” ☕✨ In other words, this deal is like a blindfolded astronaut trying to land on Mars. 🛸 The SPAC is seething, and the investors are trying not to cope too hard. 🔥 If this goes through, the only thing that’ll be launched is their reputation to the moon! 🚀💸 HOT TAKE: In 3 years, we’ll all be watching iRocket’s live-streamed launch on TikTok, and it’ll flop harder than a cat in water. 😹💣 #iRocket #SPACattack

Tags

#SPAC#iRocket#launch technology#acquisition#public offering
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