(NYSE: SPCE) was the first SPAC deal completed Shares of the space company are up 172.9% since the offering and up 15% in 2021.
Opendoor Technologies (NASDAQ: OPEN) is an on-demand digital experience to buy and sell a home. Opendoor shares are up 119.9% since IPOB went public. Shares of Opendoor are down 3.3% in 2021.
Clover Health (NASDAQ: CLOV) offers Medicare Advantage plans. The company has been the worst performing of the Palihapitiya SPACs. Shares are down 21.6% since the offering of IPOC and down 53.2% in 2021.
Social Capital Hedosophia Holdings Corp IV (NYSE: IPOD) has not named a merger target yet. Shares of IPOD are up 23.2% since the offering and down 10% in 2021.
Social Capital Hedosophia Holdings Corp V (NYSE: IPOE) announced a merger with fintech company SoFi in January. Shares of IPOE are up 77.2% since the offering and up 42.4% in 2021.
Social Capital Hedosophia Holdings Corp VI (NYSE: IPOF) has not named a merger target yet. Shares of the largest SPAC offering from Palihapitiya are up 22.9% since the offering and down 0.1% in 2021.
Related Link: 5 Things You Might Not Know About Chamath Palihapitiya
The PIPE Deals: Along with his own six SPACs, Palihapitiya has funded eight SPAC deals as a member of the PIPE (Private Investment in Public Equity — a way to attract investment from accredited investors).
MP Materials (NYSE: MP) is a rare earth mining company whose materials could be used to support electric vehicles and wind turbines in the future. Shares of MP Materials are up 291% since inception and up 21.5% in 2021.
Desktop Metal Inc (NYSE: DM) is a 3D printing company focused on additive manufacturing. Shares of Desktop Metal are up 57% since the offering and down 8.7% in 2021.
Metromile Inc (NASDAQ: MILE) is a pay-per-mile insurance company backed by Mark Cuban and Palihapitiya. Shares of Metromile are up 4.5% since the offering and down 32.8% in 2021.
ArcLight Clean Transition Corp (NASDAQ: ACTC) is taking electric bus company Proterra public in a SPAC deal. Shares of the SPAC are up 66.1% since the offering and up 49.9% in 2021.
TS Innovation Acquisition Corp (NASDAQ: TSIA) is bringing Latch, an enterprise SaaS company, public in a SPAC deal. Shares are up 13.5% since the offering and up 5.1% in 2021.
Spartan Acquisition Corp II (NYSE: SPRQ) is taking Sunlight Financial public. Sunlight is a residential solar financing company. Shares of the SPAC are up 12.9% since the IPO and up 11.6% in 2021.
RMG Acquisition Corp II (NASDAQ: RMGB) is taking Renew Power, India’s largest renewable energy company, public in an $8 billion deal. Shares of the SPAC are up 5.1% since the IPO and up 5.1% in 2021.
Revolution Acceleration Acquisition Corp (NASDAQ: RAAC) is taking Berkshire Grey public in a $2.7 billion deal. The company uses artificial intelligence for robotics and automation. Shares of the SPAC are up 8.4% since inception and up 8.4% in 2021.
