“The last time was not success in any means”

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“He will return to the business of special acquisition companies for special purposes. – Etienne Laurent/Agence France-Presse/Getty Images

The so -called Spac King, who has created dozens of special acquisition companies for special purposes that eventually lost investors, may return to work.

Chamath Palihapitiya, Investment Capital and a participant host in the famous podcast “All-in”, “ He responded to a survey of social media with more than 50,000 responses Whose results indicated an overwhelming majority that he should not call another plumber by saying that he would ignore this conclusion.

He said that he had received calls from many Wall Street and “Jansoun” encryption, indicating that they wanted him to launch a plumber, who announced on the social media platform X: “Maybe I will do it.”

Special acquisition companies are generally traded for private purposes, which have been formed for the purpose of obtaining or integrating with a private company to give up. It is a way to avoid expenses and organizational work for the public through a traditional preliminary general offer. It is also called empty verification companies.

Palihapitiya, at his slightest performance, was not deterred with his previous performance. “Maybe this time you will go better? Who knows. The risks are clear, although the last time was not successful,” he said.

Data collected by Marketwatch, using FactSet numbers, confirm this. None of SPACS surpassed the S&P 500 SPX since its first day of trade, and most of them have struggled or failed to fail.

a company

index

Performance since launch

Virgin

SCCE

-98.50 %

OpenDoor Technologies

Open

-94.60 %

Clover Health

Cloud

70.90 %

Social capital, Headosovia IV

IPOD

Sufi techniques

Sufi

+46.6 %

Social capital, Headosovia VI

Ipof

MP materials

deputy

+272.2 %

Metal desktop

acquired

-47 %

Metromile

acquired

-79 %

Protra

busty

-100 %

latch

Ltch

-98.60 %

Financial sunlight

busty

-100 %

Data: Marketwatch/FactSet accounts

Two of his best SPACS were the ones that Palihapitiya could not find a fusion partner, so he returned $ 10 to the share to investors.



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