The $900 billion cash pile inflating startup valuations

There will be a gulf between the winners and the losers of the boom. SPACs and venture capitalists are ploughing money into startups at record rates, looking past worries about lofty valuations. Amrith Ramkumar and Eliot Brown explore how public companies could make hundreds of billions of dollars available to startups, injecting vast amounts of money into early-stage firms for years to come.