The so-called SPAC king prepares to launch another: ‘The last time wasn’t a success by any means’

Chamath Palihapitiya responds to a poll overwhelmingly saying he shouldn’t launch a SPAC by saying he will

Last Updated: June 21, 2025 at 2:12 p.m. ET
First Published: June 20, 2025 at 4:17 a.m. ET

The so-called SPAC king, who created a dozen special-purpose acquisition companies that ultimately lost investors billions of dollars, says he’s probably getting back in the business.

Chamath Palihapitiya, a venture capitalist and co-host of the popular podcast “All-In,” responded to a social-media poll with more than 50,000 responses whose result overwhelmingly indicated he should not launch another SPAC by saying he’ll ignore that finding.

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Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.