According to Odaily Planet Daily, renowned investor and Social Capital founder Chamath Palihapitiya has launched a special purpose acquisition company (SPAC) called "AMERICAN EXCEPTIONALISM," aiming to raise $250 million by issuing 25 million shares at $10 per share. The company's investment focus will include energy, artificial intelligence (AI), decentralized finance (DeFi), and defense. The name of the company highlights its core philosophy of strengthening American economic, technological, and military dominance. Chamath is well-known for his active involvement in the SPAC market, having previously facilitated the IPOs of Opendoor, Virgin Galactic, and Clover Health.