I think Chamath is a great salesman, he knows narrative trumps fundamentals and his playing the game I just think the whole SAAS with its 70% margins shouldn't even require a SPAC, if margins are that big it would IPO eventually, and bringing it forward a few years can overcapitalise and even kill a company which a SPAC manager doesn't really give a shit about all they want is their 2% Fee from managing the fund.
Not really my cup of tea reallt
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I personally think its worse than an IPO since the company you purchase doesn't have to go through all the financial regulations and exposing their books and projections like an IPO would, many of these SPACs are zombie companies and will never get to a viable PE ratio