SPAC Fallout, Defense Dollars & the Real Space Economy
The SPAC wave promised liftoff—but reality hit hard. In this episode of Specific Impulse , hosts Jason Carvalho (Carvalho Capital) and Jeff Thornburg (CEO, Portal Space Systems) dissect the post-SPAC correction, the rise of defense-aligned investing, and why real space infrastructure—not hype—is finally having its moment. 🔍 In this episode, we cover: Why most space SPACs failed—and what comes next The myth of building “the next SpaceX” How defense funding is shaping the real space economy New b...
