The Latest Breaking News from SPAC

Investor Chamath Palihapitiya, once known as the "SPAC King," is back with a new SPAC, signaling a potential top or bottom for the SPAC market, with investors cautious after past returns from completed mergers.

Venture capitalist Chamath Palihapitiya, once dubbed the "SPAC King," is returning to Wall Street with a new blank-check deal. American Exceptionalism Acquisition Corp. filed a Form S-1 on Monday with the U.S. Securities and Exchange Commission, seeking to raise $250 million through an initial public offering.

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 SPAC Boom Is Quietly Returning And Most Investors Still Aren’t Ready For The Fallout

GrabAGun stock tumbles after listing on the New York Stock Exchange on Thursday. Here’s why it’s not worth buying the dip in PEW shares.

Editor's note: The article and headline have been corrected to clarify Chamath Palihapitiya's SPAC involvement and update the price performance.

Following a volatile period after SPAC listing, SoFi Technologies (NASDAQ:SOFI) has made an impressive resurgence in 2025, posting a whopping 176% one-year return and rising more than 43% in just the last month alone.

SoFi stock has gained 90% over the last three months and trades above $20, rising to the highest levels since 2021. While I remain a long-term bull on the stock, I would take some profits off the table after the recent rally.

In a deal that could mark one of the largest corporate purchases of Bitcoin (CRYPTO: BTC) to date, Cantor Equity Partners I Inc (NASDAQ:CEPO) is in advanced talks to acquire more than $3 billion worth of Bitcoin from Blockstream Capital's Adam Back.