In the epic investing comeback saga of 2025, the surprise twist that no one predicted was a group of three erstwhile SPAC favorites—SoFi Technologies (NASDAQ:SOFI), Opendoor Technologies (NASDAQ:OPEN), and MP Materials (NYSE:MP)—not only bouncing back from the brink but also outrunning the titanic Nvidia (NASDAQ:NVDA). Yes, that Nvidia.
The three firms, each of which came public through prominent SPAC mergers anchored or led by billionaire Chamath Palihapitiya, have laughed at expectations—and gravity—posting market-smashing returns. Opendoor has gained some 458% in the last month, MP Materials has jumped 63%, and SoFi is up some 37%. To put these numbers in perspective, Nvidia, the stock market’s hero, posted “only” 20% return over the same period.
