Last week, Chamath Palihapitiya of Social Capital filed for a new $250 million SPAC with the SEC. The American Exceptionalism Acquisition Corp. A (AEXA), as the SPAC will be known, seeks to merge or buy a company in the field of energy production, AI, decentralized finance, or defense. Why these industries? Palihapitiya argues they are essential "if the United States is to maintain its position as the most important country on earth and the only global superpower." Despite his seemingly good ...
