Chamath Launches Recursive SPAC of SPACs of SPACs After Fund of Funds Implodes into Mirror Universe

Then Immediately Hits the Road to Film Black-and-White Documentary About It

SILICON VALLEY (or possibly Burning Man) — Following the quiet death of the All-In Fund of Funds, Chamath Palihapitiya has returned with his boldest financial innovation yet: SPACception—a SPAC that launches other SPACs, each of which holds the equity rights to hypothetical future SPACs, contingent on LP vibes and algorithmic clout metrics.

“It’s like looking into a mirror at Supercuts and realizing there’s no haircut, just the illusion of hair being monetized,” Chamath explained. “Except the mirror costs $250 million and clears on Nasdaq.”

How It Works

1. SPAC-α raises $500 million to acquire dormant SPACs (SPAC-β, SPAC-γ…)

2. Each sub-SPAC exists solely to reference other SPACs and possibly reacquire each other on rotation.

3. SPAC-∞ (the “God SPAC”) governs the network but is unlisted, unregulated, and entirely metaphysical.

Documents filed with the SEC (via TikTok) describe the structure as a “decentralized optimism lattice held together by echoes of conviction.”

Investor Benefits

• 3/33/∞ fee struc…