Chamath Palihapitiya Is Back in the SPAC Game. Should You Buy His New AEXA Stock Now?

If you were an investor who got burned during the SPAC craze of 2020 and 2021, I wouldn’t blame you for swearing off special purpose acquisition company deals forever. In the wake of Covid-19 stimulus payments, eager retail investors, and the zero-rate environment, SPAC deals became an increasingly popular way to take a company public and raise a lot of money. But there were plenty of misses. For every deal that turned into a stable company—such as DraftKings (DKNG) and SoFi Technologies (SOFI)—there were ...