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The SPAC King Mounts a Comeback as Investors Embrace Risk

Summary by Bloomberg
Chamath Palihapitiya files for a $250 million listing of a blank-check company.

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 …

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Crypto Briefing broke the news in on Monday, August 18, 2025.
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