In SPAC news this week, Aurora has agreed to go public via merger with a Reinvent SPAC, while A-Rod's Slam SPAC is said to be in merger talks with Italy's Panini Group.

Amazon.com, Inc-backed Rivian Automotive Inc has selected underwriters for an initial public offering. The California-based automaker, which is also backed by Ford Motor Company, could seek a valuation of about $70 billion when it goes public.