- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Chamath's "AMERICAN EXCEPTIONALISM" SPAC Aims to Raise $250 Million, with Investments Focused on AI and DeFi Ecosystems

By: theblockbeats.news|2025/08/19 00:22:03

BlockBeats News, August 19th, Chamath Palihapitiya announced the formation of a Special Purpose Acquisition Company (SPAC) named "AMERICAN EXCEPTIONALISM." The company plans to raise $250 million by issuing 25 million shares at a price of $10 per share. Its investment focus will be on four areas: energy production, Artificial Intelligence (AI), Decentralized Finance (DeFi), and national defense. The goal is to strengthen America's economic, technological, and military leadership by investing in these areas. The name "American Exceptionalism" reflects the unique global position and competitiveness of the United States, according to Chamath Palihapitiya.

Renowned venture capitalist Chamath Palihapitiya is the founder and CEO of Social Capital. He previously held executive positions at AOL and Facebook before transitioning into investing. He is well-known for taking companies public through SPACs, with successful previous cases including Opendoor, Virgin Galactic, and Clover Health.

U.S. Treasury Secretary: Stablecoins Will Expand the Global Channels for USD Usage, Prompting a Surge in U.S. Treasury Demand

The Fed: The Federal Reserve will remain cautious in its interest rate decision, with a limited rate cut.