Billionaire Chamath Palihapitiya Launches $250M SPAC Targeting DeFi & AI Revolution

Tech investor Chamath Palihapitiya is launching a new special purpose acquisition company (SPAC) to invest in the future of finance. His American Exceptionalism Acquisition Corp. A aims to raise $250 million, targeting disruptive innovation in decentralized finance (DeFi), artificial intelligence (AI), energy, and defense sectors. The SPAC seeks to support businesses that combine blockchain technology with traditional financial markets, aiming to bridge the gap between crypto and traditional finance.