Chamath Palihapitiya has been labeled the King of SPACs and it may very well be for good cause. On Friday, traders acquired an update from Palihapitiya on how his SPAC investments have carried out since inception, in 2021 and throughout the previous down week.
The Palihapitiya SPACs: Palihapitiya has plans to deliver SPACs public with tickers IPOA to IPOZ. To date, six SPACs have launched beneath the Social Capital Hedosophia umbrella. Seven extra just lately filed their names with the SEC for future launches.
Here’s a take a look at how the SPAC offers have carried out:
- Virgin Galactic (NYSE: SPCE) was the primary SPAC deal accomplished by Palihapitiya. Shares of the area firm are up 172.9% for the reason that providing and up 15% in 2021.
- Opendoor Applied sciences (NASDAQ: OPEN) is an on-demand digital expertise to purchase and promote a house. Opendoor shares are up 119.9% since IPOB