Chamath Palihapitiya Launches New $250 Million SPAC Focused on DeFi, AI, and Defense

Billionaire venture capitalist Chamath Palihapitiya is back in the blank check game with a new $250 million special purpose acquisition company (SPAC) targeting decentralized finance, artificial intelligence, energy, and defense. The firm, American Exceptionalism Acquisition Corp. A or AEXA, filed for an IPO on Monday, seeking to raise funds through selling 25 million shares at $10 each on the New York Stock Exchange.