One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor

One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor


Key Points
  • Chamath Palihapitiya has launched a $345 million SPAC that he said was more than five times oversubscribed.
  • The vehicle is designed to target companies in AI, energy, defense and decentralized finance.
  • Palihapitiya once helped ignited the SPAC boom in 2020, but his first wave of deals mostly ended poorly for retail investors who followed along.
  • The investor said he wants to temper retail investors’ involvement with his SPACs this time.



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