Chamath launches new SPAC. Palantir 580x. Bitcoin $124k. IPOs +800%. Every signal says we’re closing to the peak.
Chamath’s SPAC is back. Again. “American Exceptionalism Acquisition Corp.” just raised $250 million. No warrants. No rights. Only speculative heat. Founder shares vest only if the stock price jumps 50 percent. That is not discipline. That is bait. https://www.newswire.lk/2025/08/19/chamath-palihapitiya-launches-new-spac-targeting-ai-and-energy/ Sam Altman’s warning barely registers. “Are we in a phase where investors as a whole are …