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Chamath Palihapitiya

Chamath Palihapitiya

Photo illustration: 731; Photo: Bloomberg
Businessweek
The Big Take

The SPAC King Is Doing Just Fine Even as the Bubble Starts to Burst

Chamath Palihapitiya—tech billionaire, Golden State Warriors co-owner, and all-around meme lord—has a sure-thing, 100%, can’t-miss investment for you that will definitely, absolutely pay off for him.

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One morning last October, as wildfires raged across Northern California, President Donald Trump convalesced from Covid‑19, and Congress debated how big of a stimulus bill would be needed to rescue the economy, Chamath Palihapitiya went on TV to pitch investors on the latest stock he was taking public.

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