Prediction: Chamath Palihapitiya's $250 Million SPAC Could Create the Next Palantir for America's Energy Grid

Remember when special purpose acquisition companies (SPACs) dominated Wall Street headlines just a few years ago?At the center of the frenzy was Chamath Palihapitiya -- better known on Wall Street as the "SPAC king". A former executive at AOL and Meta Platforms turned billionaire venture capitalist (VC), Palihapitiya made his name taking bold bets on disruptive companies.For a while, SPACs seemed to fade quietly into the background of stock market activity. But just as investors began to write them off, Palihapitiya reignited the conversation with a new prospectus for his latest $250 million "blank check company": American Exceptionalism Acquisition Corp. While details are limited at the moment, Palihapitiya has hinted at the kinds of businesses he's targeting.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool