Stable Homotopy theory
The collection of spectra form an (∞,1)-category which is in fact a stable (∞,1)-category. Indeed, it is the universal property stabilization of the -category ∞Grpd, equivalently of the simplicial localization of the category Top at the weak homotopy equivalences.
plays a role in stable homotopy theory analogous to the role played by the 1-category Ab of abelian groups in homological algebra, or rather of the category of chain complexes of abelian groups.
In the context of (∞,1)-categories a spectrum is a spectrum object in the (∞,1)-category of pointed topological spaces.
Recall that spectrum objects in the (infinity,1)-category form a stable (∞,1)-category .
The stable (∞,1)-category of spectrum objects in is the stable -category of spectra
Prime spectrum and Morava K-theory
The prime spectrum of a monoidal stable (∞,1)-category for p-local and finite spectra is labeled by the Morava K-theories. This is the content of the thick subcategory theorem.
Model category presentation
There are several presentations of the -category of spectra by model categories of spectra. In particular there are symmetric monoidal model categories where the smash product of spectra is presented by an ordinary tensor product, so that A-∞ rings, E-∞ rings and ∞-modules are presented by 1-categorical monoid objects and module objects, respectively (“brave new algebra”). See at:
model structure on spectra, symmetric monoidal smash product of spectra
the stable -category of spectra is described in section 9 of
Its monoidal structure is described in section 4.2
That this is a symmetric monoidal structure is described in section 6 of