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Chamath Palihapitiya And Nine Other New Billionaires Minted By The SPAC Frenzy Share to Facebook Share to Linkedin Chamath Palihapitiya, Austin Russell and Mat Ishbia are all new to this year s list thanks to SPACs. Brendan McDermid/Reuters/Newscom, Michael Prince for Forbes, Jacob Lewkow for Forbes SPAC IPOs have raised $180 billion since the beginning of 2020, helping both sponsors and founders get rich quickly, but the boom has yielded relatively few new billionaires. Taking a company public has long been a symbol of success for an entrepreneur, and Wall Street’s favorite craze of the last 12 months helped numerous founders reap the monetary rewards of an IPO while enduring a fraction of the bureaucratic red tape. ....
By Reuters Staff Slideshow ( 2 images ) (Reuters) - Venture investor Chamath Palihapitiya on Saturday confirmed in a tweet that he has freed up some capital by selling shares in Virgin Galactic Holdings Inc, for investing at scale without impacting his pace and strategic view. I hated to do it but my balance sheet shrank by almost $2B this week, he mentioned in the tweet here thread, adding a sad emoji. In the long tweet thread, mentioning about reviewing and remodeling of everything he invested in, Palihapitiya also clarified that he did not sell any shares of any other SPAC he launched. ....
Venture investor Chamath Palihapitiya this week sold his remaining personal stake in Virgin Galactic Holdings Inc, a space tourism company he helped take public in 2019, for around $213 million, regulatory filings showed. ....
Venture investor Chamath Palihapitiya this week sold his remaining personal stake in Virgin Galactic Holdings Inc, a space tourism company he helped take public in 2019, for around $213 million, regulatory filings showed. ....