Chamath Palihapitiya Talks SPACs At Benzinga Boot Camp: 'It Unlocks Access To Growth Companies'

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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 …

Full story available on Benzinga.com

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