Editor's note: The article and headline have been corrected to clarify Chamath Palihapitiya's SPAC involvement and update the price performance.
Three SPAC‑listed companies—SoFi Technologies Inc. (NASDAQ: SOFI) and Opendoor Technologies Inc. (NASDAQ: OPEN), both taken public via Chamath Palihapitiya–sponsored vehicles, and MP Materials Corp. (NYSE: MP), which merged with Fortress Value Acquisition Corp. in a deal anchored by a PIPE that included Palihapitiya—are staging an unexpected comeback in 2025, posting year‑to‑date returns that outpace even tech giant Nvidia Corp. (NASDAQ: NVDA).
