Tech entrepreneur Chamath Palihapitiya has launched a new special purpose acquisition company (SPAC) valued at $250 million aimed at U.S. tech sectors, particularly in the fields of decentralized finance (DeFi) and artificial intelligence (AI). The SPAC, named ‘American Exceptionalism Acquisition Corp.’, focuses on investments in strategic technologies within these areas. This move reflects a growing interest from institutions in blockchain infrastructure and its potential for future innovation. 25 million shares are being offered at $10 each. Palihapitiya’s SPAC aims to support tech-driven finance, drawing inspiration from the need to address global risks while reinforcing American influence in the world. Palihapitiya is known for his involvement in past successful SPACs and investments in bitcoin. 25 million shares will be offered at $10 each with a structure designed to align sponsor rewards with post-merger share price growth, addressing prior criticisms regarding incentives within SPAC structures. This novel approach aims to enhance investor alignment. The launch coincides with the resurgence of SPAC interest in 2023, which has already secured over $16 billion for investment in US strategic manufacturing, defense and sovereign technologies. This trend could have a ripple effect on cryptocurrency-related DeFi and AI applications, as these sectors often benefit from innovative technology in blockchain systems. While initial on-chain data and liquidity have not shown dramatic shifts so far, the launch of the SPAC and the related trends could influence token prices associated with DeFi and AI activity. Historical SPAC activity has primarily affected equities, rather than specific tokens, suggesting a significant speculative nature within these markets.