Look for SPACs close to NAV and plant some seeds. You can almost consider these cash accounts since they won't go much below NAV pre-merger so there is a window of assymmetric risk. Once a target is in place you can do research and decide if you want to adjust. Not everything skyrockets after target is revealed. Canoo and Utz were less sexy plays that paid off and were easily researchable.

If you're just chasing hype, you buy one of Chamath's myriad of SPACs and trust in his ability to pimp himself at every opportunity.

Can you help me understand what this means? A SPAC has a NAV at IPO that then fluctuates. Are you saying to track the NAV and see if the units (or shares?) are close to that value?

Not OP but have researched a few. If you're following the hype train as OP suggests, management team is really the only thing you have going for you. SPACs have specific rules about what they can disclose, so they won't be able to tell you in advance which company they'll have as a target. Usually it boils down to the industries the management team has worked in before as well as previous SPACs they may have ran successfully till merger.

You look at the management team and see if they have potential. For example, a SPAC with a "google executive" would be more desirable over some no-name person. Same for the type of companies they're targeting. An industry like electric vehicle would be superior over a spac targeting ed tech for example.

Are you all in on PSTH?