The SPAC King Mounts a Comeback as Investors Embrace Risk
15 Articles
15 Articles
Chamath Palihapitiya launches a new PSPC, American Exceptionalism Acquisition Corp., with the goal of raising $250 million to target AI, DeFi, defense and energy, despite the failure of its previous operations. DeFi is at the heart of the project: Palihapitiya insists on convergence with traditional finance, citing Circle and the rise of stablecoins as catalysts for this integration. PSPC has 24 months to find a target and try its luck. Silicon …
Bitcoin Bull Chamath Palihapitiya Launches $250M SPAC
Chamath Palihapitiya, a much more famous Bitcoin proponent and venture capitalist, recently listed a SPAC worth 250 million to target the decentralized finance and artificial intelligence sector. The relocation is an indication that there is an increased institutional interest in blockchain-based financial systems and the high level of convergence with AI. The firm, American Exceptionalism Acquisition Corp, in this SPAC, aims to offer a New York…
Bitcoin Bull Chamath Palihapitiya Files for $250M SPAC Targeting DeFi & AI
Chamath Palihapitiya, the billionaire investor often dubbed the SPAC King, and a long-time Bitcoin supporter, has launched a new venture to raise $250 million through a Special Purpose Acquisition Company (SPAC) . The vehicle, named American Exceptionalism Acquisition Corp. A, is preparing to list on the New York Stock Exchange under the ticker symbol AEXA. […]
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