Chamath Palihapitiya Looks Set To Make A Windfall From Nvidia's Purchase Of Groq, Here Is What The SPAC King Said After The Deal - BlackRock (NYSE:BLK), Cisco Systems (NASDAQ:CSCO)
Benzinga·2025-12-26 07:51

SPAC King Chamath Palihapitiya is set for a massive payday following NVIDIA Corp.’s (NASDAQ:NVDA) 20.6billiondealwithrivalsemiconductorcompany,Groq.EarlyInvestorToBigExitPalihapitiya′sSocialCapitalwasamongGroq′searliestbackers,investing20.6 billion deal with rival semiconductor company, Groq.Early Investor To Big ExitPalihapitiya's Social Capital was among Groq's earliest backers, investing 10 million in 2017 and adding another $52.3 million the following year, a move that gave the firm close to one-third ownership of the stealth hardware startup at the time.In addition to being a major early investor, Palihapitiya served on the company’s b ...