Chamath Palihapitiya has launched a new SPAC, AEXA, which was 5x oversubscribed with $1.4B in demand, leading to an upsizing to $345M. This SPAC is structured without warrants, and the sponsor's compensation is entirely tied to stock price appreciation, aligning interests with investors. The strong demand suggests potential investor confidence in Chamath's return to SPACs, targeting the liquidity gap for private companies.