5 Best SPACs to Buy According to David Einhorn’s Greenlight Capital

3. NextGen Acquisition Corporation (NASDAQ: NGAC)

NextGen Acquisition Corporation (NASDAQ: NGAC) is placed third on our list of 10 best SPACs to buy according to David Einhorn’s Greenlight Capital. It is a special purpose acquisition company based in Florida. The firm went public in October 2020, raising more than $375 million from the initial public offering. It focuses on mergers with companies working in the industrial and healthcare sectors in the United States. 

NextGen Acquisition Corporation (NASDAQ: NGAC) has a market capitalization of over $460 million. It has signed a definitive agreement for a merger with Xos, the electric truck maker based in Los Angeles that is planning to go public soon. Xos is valued at close to $2 billion. 

At the end of the first quarter of 2021, Greenlight Capital owned 432,200 shares in NextGen Acquisition Corporation (NASDAQ: NGAC) worth $4.2 million. This represented 0.29% of the investment portfolio of Greenlight Capital.