Billionaire Chamath Palihapitiya Launches $250M SPAC Targeting DeFi, AI, and Energy Sectors
Billionaire Chamath Palihapitiya Launches $250M SPAC Targeting DeFi, AI, and Energy Sectors Venture capitalist and early Bitcoin proponent Chamath Palihapitiya has initiated a new special purpose acquisition company (SPAC), “American Exceptionalism Acquisition Corp A,” aiming to raise $250 million. The blank-check firm, led by Social Capital managing partner Steven Trieu as CEO and Palihapitiya as chairman, filed its registration statement with the US Securities and Exchange Commission (SEC) on Monday. The SPAC plans to offer 25 million shares at $10…