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hey what's up everybody i am jason and you watch my channel micro investor so in this video we're going to be talking about more space stocks or blank check companies that social capital's chamois pala hapatia is going to be bringing to the market so as we get into this if you guys don't mind doing me a huge favor and being sure to smash destroy and annihilate that like button because does something of the youtube algorithm into this now so far social capital has only brought in three smack stocks to the market which they raised 1.6 billion dollars to do so which were ticker symbols ipo a ipob and ipoc now ipoa that one has already completed the merger and that one is what became virgin galactic ticker symbol spce the second one ipob is in the process of completing the merger with online real estate company open door and the third one has not been announced ipoc that one is going to be a technology company that is going to be outside of the us the champions recently filed that social capital plans to raise two billion dollars to bring three more specs to the market uh ticker symbols ipod ipoe and ipof and i have no doubt when these next three specs do come out the people are going to be going crazy for them because right now there's this big obsession for spak stocks i mean you look at companies like virgin galactic that was a big smack stock nikola motors a big smack stock i mean what happened a little while afterwards with the founder different story you look at draftkings back stock that was a big deal look at uh what's going on with highly on ticker symbol shll right now that's still a spac stock that's getting ready to merge of course what we got going on with open door so people are really obsessed right now with spac stocks now when you're investing into a space stock it's important to make sure the person that is pulling all the strings has a good track record and that's how i feel my honest opinion about jammeth palahaptia especially when it comes to visionary and destructive technologies in my opinion chamit has the best track record for that now he's an early employee over at facebook and then he left that job to start the highly successful social capital which he grew to over one billion dollars in assets at social capital he was also an early investor into slack ticker symbol work work then he orchestrated the deal to take virgin galactic public via spac which seems to have inspired a new wave of smack burgers and investing into spac stocks do have a pretty significant risk you have to keep that in mind like say for example people had invested into nikola motors when it was still a smack stock when it was vecto iq ticker symbol vtaq and the guy that was running that spec was stephen gursky who was an ex-executive for general motors and he was bringing bringing on pretty much an electric vehicle stock now there's things that happen with a spax stock that they don't have to go to the traditional route that a company would be if they're going through a regular ipo because the spac itself is already a publicly traded company and they're just basically changing the name so there's a lot of process that is uh that is canceled out here but when it comes to chamoth he has a really good track record with companies and uh he has a really good understanding with technology itself and especially the guy is a rockstar when it comes to the investment world i mean he does co-own the golden state warriors by the way it's going to be interesting to see what happened to these spak stocks that champions is bringing on the market like ipob which is going to be open door for example now that is a company that is already producing revenue they're buying houses this is not a company that is just coming from this from an idea like many of these other smack stocks that hit the market like say for example spartan energy which is one that i'm guilty of invested into which i probably shouldn't have it's a company that doesn't really have anything to show for but i did invest into uh the hype of electric vehicles got into that one um but uh for ipob for open door that sounds like something that's very interesting that's a company that has money to just buy a house out right now that's really cool it's going to be interesting to see what happens uh what becomes ipoc that's going to be a stock that like i said is going to be one that is uh not in the united states so what company are they going to choose for that one and then as well for the other three that are coming to the market um ipod ipoc e and ipof so i can't think off the top of my head what companies would be interested in a spec merger but there are plenty of companies out there that probably would be quick to jump on the possibility so i'd like to hear your guys's thoughts on what companies do you think that social capital will be bringing to the market and also what are your thoughts of uh chairman of pelhaptia and the whole spac thing in general so anyways everybody please you
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