Chamath Palihapitiya Files $250M SPAC Aiming at America’s Strategic Tech Sectors

A new SPAC led by venture capitalist Chamath Palihapitiya has filed for a $250 million IPO under the name American Exceptionalism Acquisition Corp. A. According to the S-1 filed with the SEC, the blank-check company will target a single business operating in one of four high-impact sectors: artificial intelligence, decentralized finance (DeFi), defense, or energy.