- Fresh off of well-received merger announcement with Opendoor, Social Capital's Chamath Palihapitiya has announced 3 new SPACs.
- The size of these three offerings combined with Palihapitiya's successful track record in the space bodes well for interested investors.
- Marketing is becoming increasingly important in a crowded space and the sponsor is one of the best in the game in this regard.
- Palihapitiya invests $100 million into each of his SPACs, indicating alignment with shareholder interests.
- Treasury-like downside when buying at or near $10 level with potential for IPO-like upside.
For further details see:
Chamath Palihapitiya Strikes While The Iron Is Hot With Social Capital IV, V And VI