Chamath's SPAC boom (2020-2021)
Palihapitiya became the most visible figure in the SPAC boom, using blank-check companies to take Virgin Galactic, Opendoor, Clover Health, and SoFi public. He drew huge retail interest and called himself the next Warren Buffett.
The deals raised billions and made him a stock-market celebrity.
Most of the companies trade far below their debut price, with a median loss around 75%. SoFi is the main exception.
It shows Palihapitiya can raise money and attention. The open question with 8090 is whether he can build lasting operating results, not just close a round.
