Chamath Palihapitiya—often hailed as the “SPAC king”—has made a striking return to the SPAC market by launching the “American Exceptionalism Acquisition Corp,” a $250 million blank-check company. In a departure from the norm, this venture launches without investor warrants—raising expectations for investor appetite—yet Palihapitiya makes no promises, advising caution with a pointed reminder that “there’s no crying in the casino.”
In parallel, Burford Capital is quietly shaking things up with a fresh approach to investing in U.S. law firms: through “managed service organizations,” it aims to circumvent traditional ownership limits—potentially redefining capital access for the legal sector.
On another front, chipmaker Intel is getting a boost from both policy and capital. The Trump administration is hinting at direct investment, while SoftBank is exploring a significant $2 billion involvement—possibly tied to acquiring Intel’s chipmaking infrastructure, underscoring the strategic importance of domestic tech supply chains.
The newsletter also spotlights significant leadership moves across the crypto and financial worlds, including new appointments at Tether, Jefferies, and Evercore—an indication that the industry continues evolving amidst shifting markets.
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