Chamath Palihapitiya’s New $345,000,000 SPAC Rallies After Billionaire Warns Project Not ‘For Most Retail Investors’
Venture capitalist Chamath Palihapitiya’s new special-purpose acquisition company (SPAC) has witnessed a steady uptrend after the billionaire issued a warning to retail investors.
The American Exceptionalism Acquisition Corporation (AEXA) began trading on the New York Stock Exchange last week with Palihapitiya announcing that the blank check company is not intended for retail investors.
“I want to temper retail investors’ involvement with my SPACs. This deal was built for institutional investors. Specifically, 98.7% went to large institutions, each picked explicitly by me. The remaining 1.3% was allocated to retail investors.”
AEXA aims to partner with companies in energy, artificial intelligence, decentralized finance (DeFi), and defense systems.
Palihapitiya says that the SPAC was designed almost entirely institutionally backed because he learned that these vehicles are not ideal for most retail investors.
“They are for investors who can underwrite the volatility, place it as part of a broader structured portfolio and have the capital to support the company over the long run.”
AEXA launched with an initial public offering of 30 million shares valued at $10, but demand for the stock prompted the issuance of an additional 4.5 million shares.
“AEXA was more than 5x oversubscribed with a total of $1.4 billion of demand. As a result, we upsized AEXA to $345 million.”
AEXA closed at $11.59 and is up by 9.24% since its launch on September 30th.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Manipulation Logic and Survival Strategies Behind the "Largest Liquidation in History"

This is not a bull market signal, but one of the most dangerous turning points in history.

BitMine Adds $417 Million in Ethereum Amid Market Dip
Quick Take Summary is AI generated, newsroom reviewed. BitMine purchased 104,336 ETH worth $417 million during a 20% price dip. Rising Ethereum whale activity signals renewed institutional accumulation. On-chain data confirms large holders are steadily increasing their positions. The move highlights confidence in Ethereum’s long-term strength despite short-term volatility.References 🔥 TODAY: BitMine bought 104,336 $ETH worth $417M as prices fell 20% from August highs, per onchain data.
Trending news
MoreCrypto prices
More








