One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor

Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images Chamath Palihapitiya, once dubbed Wall Street’s “SPAC King,” is back with a new blank-check vehicle and a promise to do better after a bruising track record. Palihapitiya on Monday launched the American Exceptionalism Acquisition Corp. A (AEXA), a $345 million SPAC that he said was more…

Read More

FLY, CART, WOLF, FCX and more

Check out the companies making the biggest moves in premarket trading: Firefly Aerospace — The space technology company’s stock fell 10% after one of its rocket boosters exploded during preflight testing at its Texas facility. Firefly Aerospace said no other facilities were affected and it is assessing the impact of the explosion. Wolfspeed — The…

Read More