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Chamath Palihapitiya Launches New SPAC Targeting AI and DeFi Sectors
Chamath Palihapitiya Launches New SPAC Targeting AI and DeFi Sectors
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BTCCSquare news:
Venture capitalist Chamath Palihapitiya, once known as the 'SPAC king,' is returning to public markets with a new blank-check company. American Exceptionalism Acquisition Corp (AEXA) plans to list on the NYSE, aiming to raise $250 million for mergers in artificial intelligence, energy, decentralized finance (DeFi), and defense.
The SPAC market, which surged in 2020-2021, has faced regulatory scrutiny and investor skepticism after numerous failed mergers. Palihapitiya's move signals renewed confidence in the model despite recent headwinds. His focus on DeFi suggests potential crypto sector implications, though no specific blockchain partnerships have been announced.
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