Chamath Palihapitiya joined the September Benzinga Boot Camp on Friday, sharing a wide range of thoughts on SPACs.
Palihapitiya On SPACs: Palihapitiya has been referred to as the king of SPACs.
His first SPAC offering, Social Capital Hedosophia Holdings, raised $600 million and later merged with Virgin Galactic (NYSE: SPCE), where Palihapitiya is the chairman.
Palihapitiya said he was pushed into SPACs after seeing numerous technology companies failing to go public.
He said he learned a process called “First Principles” that was taught to him by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.
The key to …
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