From Yahoo Finance: 2025-06-20 15:11:00

Billionaire Chamath Palihapitiya hints at launching a new SPAC despite facing community backlash. Palihapitiya, known for his involvement in the crypto community, recently praised the public debut of Circle, the company behind the USDC stablecoin. Despite negative feedback from his followers, he expressed interest in launching another SPAC. The response to his poll was overwhelmingly negative, with claims of poor returns on his previous SPACs. However, Palihapitiya remains determined, stating he will likely proceed with the launch. The crypto community is actively speculating on whether he will follow through, with odds currently in favor of him launching a SPAC by the end of 2025.



Read more at Yahoo Finance: Billionaire Chamath Palihapitiya hints at new SPAC despite community backlash