Business

The Tech Billionaire Who Became the King of SPACs

Chamath Palihapitiya is a Silicon Valley staple. He’s a tech billionaire, he owns the Golden State Warriors pro-basketball team, and he has a devoted online following. He’s also behind some of the biggest IPOs of the past year thanks to something called a SPAC. And while he didn’t invent SPACs, he’s used them to forever change how companies go public.

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