SPACs Are Back, And They’re Even Worse Than Last Time
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In this video we analyze the recent resurgence of SPACs and their connection to the AI bubble.
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#wallstreetmillennial
0:00 – 3:29 Intro
3:30 – 6:42 SPAC Incentive Structure
6:43 – 11:35 Oklo
11:36 Agility Robotics
@wallstreetmillennial
September 11, 2026 at 9:13 pm
Thanks to GoDaddy for sponsoring this video. Head to https://godaddy.yt.link/RjENXay to start using GoDaddy Airo AI Builder with 50 free credits.
@JonathanBSandwich
September 11, 2026 at 9:13 pm
Oh the irony of the paid promotion.
@JBidensucks
September 11, 2026 at 9:13 pm
The goerge bush joke was SLAYYYYY
@TheLumberjackSplits
September 11, 2026 at 9:13 pm
I don’t understand why the SEC does not ban this practice.
@MONEYATLAS8
September 11, 2026 at 9:13 pm
Space are just away incredible
@pan2aja
September 11, 2026 at 9:13 pm
Chamat is back again ?
@mustardofdoom
September 11, 2026 at 9:13 pm
The golden age of scams.
@mephistowwww8816
September 11, 2026 at 9:13 pm
SPACS? trump attempting to bribe 80 million rednecks with lies of 5k a piece is grotesque. That man needs ousting, usa are a pathetic shambles of their former selves.
@MikeWazowski42069
September 11, 2026 at 9:13 pm
Returns on SPAC here is so misleading as far as investors. As someone that sold covered calls and CSPs on SPACs those were the absolute best days for theta farmers.
@rars0n
September 11, 2026 at 9:13 pm
The easiest way to know that SPACs are a scam is that Chamath loves them.
@bobpritham2660
September 11, 2026 at 9:13 pm
3:42 Golden Sachs 😂
@T.Stolpe
September 11, 2026 at 9:13 pm
Also wenn, dann wäre das etwas für Profis aller Art, aber. für Anleger die mühsam ihre Alterssicherung aufbauen wollen, ist das gar nix.
Und bei Sam Altman erkennt man schnell, dass ihm der Betrug im Blut liegt und er. auch noch richtig dumm ist.
Mit Kleinen Reaktoren hat man angefangen und wurde schnell immer größer ( bis 1.200 MW) weil einem sonst die Komplexitätskosten auffressen.
Kostentreiber Nr. 1? Der Dampferzeuger im sekundären Kreis, der. wird nicht 50%. billiger, nur weil man den 50% kleiner auslegt.
Weshalb ja die Reaktoren auf U-Booten und Flugzeugträgern je gelieferter MWh Energie deutlich teurer sind
Kostentreiber Nr. 2? Der Wärmeübertrager ( ihr würdet Wärmetauscher sagen) der die Wärme des Primärkreislauf nutzt, um Heißdampf ( Unter Druck, deshalb flüssig) für den zweiten Sekundärkreislauf zu erzeugen ( über die Turbine, genau gesagt, über die Schaufel der Turbine,)
Kostentreiber Nr. 3 die Turbine, sie arbeitet nicht so effizient wie bei einem GuD ( Gas und Dampf -Kraftwerk) das. ist technisch bedingt, Sso das KKW ca. 75% der Energie in Form von Wärme wegwerfen.
Kostentreiber Nr. 3 Generator da man auf 3.000 U/ min festgelegt ist ( Wechselstrom 50 Hz) aufwendig und teuer. Also anders als bei WKA, die ja nur Gleichstrom erzeugen und dadurch die Drehzahl egal ist ( Unten im Turm steht. ein großer Wechselrichter, der. auch Blindstrom Leistung zur verfügung stellen kann, neue sogar Sekunden Reserve ( Trägheit der Turbine simulieren)
Kostentreiber Nr. 4 Kühlturm, Wasseraufbereitung, Abwasser und Wasserverbrauch ( Bis zu 60 Millionen m3 jeden Tag, das ist viel, Städte wie Berlin kommen damit 30 bis 50 Tage weit)
Reaktor, Reaktor Haus etc.? es gibt kein Unternehmen in den USA, welches noch nicht Insolvenz war, dass sowas real je gebaut hat.
Selbst China liegt weit hinter seinem Plan zurück, weil der Strom aus Reaktoren 3 bis 5 mal teurer ist, als aus PV und WKA aller Art.
Kostenfaktor Nr. 5 Finanzierungskosten während der Planungsphase, der Genehmigung und dem Bau bis zur Inbetriebnahme. 10 Jahre plus bei den Zinsen? Das verdoppelte die Kosten auf jeden Fall. Und keine Bank der Welt gibt nur einen Cent ohne Bürgschaft des Staates.
@aaronsmyth7943
September 11, 2026 at 9:13 pm
The way you speak makes absolutely no tonal sense. The nonsensical inflection, random cadence, and modulating pitch of your monotonic drone is simply indigestible – my brain automatically turns it into literal background noise within one minute, like it would with a children's toy robot or a barking dog, three streets away .
@bretthagey7916
September 11, 2026 at 9:13 pm
And chamath polyhapitia is involved somehow, where? 😅
@bbuggediffy
September 11, 2026 at 9:13 pm
Where do you invest and what businesses do you believe in?
@real-patriot-b9j
September 11, 2026 at 9:13 pm
4:04 its funny how SEC didn't care about "Future" projection of value by SpaceX during IPO. Its like if people can project image of bull from a size of rat, investors will pay a bulls price for projection of meat
@brans0217
September 11, 2026 at 9:13 pm
🤔 Name me a president of a country that used a SPAC to Rug-Pull his supporters 🤦♀️🤦♂️🤦
@Alley00Cat
September 11, 2026 at 9:13 pm
Been watching WSM for years and the Bush quote, even though brought up many times over the years, never fails. I first heard it days after Bush said it decades ago. Still hilarious.
@johnaashmore
September 11, 2026 at 9:13 pm
Ah yes, that famous Bush quote. I use it all the time.
@danielleRoyalKC
September 11, 2026 at 9:13 pm
Sorry but what does SPAC stand for?
@azizkash286
September 11, 2026 at 9:13 pm
Spac= scam
@DoubleTwoCTimeTravellers
September 11, 2026 at 9:13 pm
The Oklo and Agility Robotics examples show why the financing vehicle matters as much as the technology. Advanced nuclear power and humanoid automation may be genuine long-term opportunities, but a SPAC can reward sponsors early while public investors absorb years of execution risk. Dilution, redemptions, cash runway, and insider lockups seem more informative than how futuristic the underlying story sounds.
@AbuAfakski
September 11, 2026 at 9:13 pm
Thank you for covering OKLO.
I work in the nuclear industry. OKLO is total BS.
Liquid Salt reactors are old, unsuccessful technology.
They do not work. Too corrosive.
@bingobongo9340
September 11, 2026 at 9:13 pm
y combinator , is Yiddish combinator
@lynb1022
September 11, 2026 at 9:13 pm
SPAC = "special-purpose acquisition company"
@prophetherbandderp2733
September 11, 2026 at 9:13 pm
rofl spacs. A friend of mine bought SOFI on couple of transaction in the 2021-2023 period, at bellow 10^ average. 3 years later he almost doubled his money. Massive risk to almost outperformed the market. And this is one of the most successful spacs ever 🙁
Do not get me wrong the company is good – solid leadership, decent financial model, no cowboy shit. Compared to your average SPAC they are model citizen :D. The self selection of "doing normal IPO is hard, lets go public via SPAC" is just brutal.
@MrDadyD
September 11, 2026 at 9:13 pm
Scam Altman
@TheBagOfHolding
September 11, 2026 at 9:13 pm
Most of the evtols are spacs.
@TheLevitatingChin
September 11, 2026 at 9:13 pm
Humans are the worst
@antonnurwald5700
September 11, 2026 at 9:13 pm
Wait wait wait. How does the blank check company get listed on the stock exchange in the first place?
@SnowmanTF2
September 11, 2026 at 9:13 pm
I guess I may be a bit biased from mostly hearing about the failures, but I am surprised it is even possible to be worse than last time.
@_Jax_55
September 11, 2026 at 9:13 pm
SPAC's are legal rugpulls!
@ElijahRose-u6f
September 11, 2026 at 9:13 pm
Institutional investors get ripped off with these too
@ElijahRose-u6f
September 11, 2026 at 9:13 pm
Have you considered the investors might know it's a ponzi scheme?
@fabamatic
September 11, 2026 at 9:13 pm
It's all pyramid schemes
@fousalth311
September 11, 2026 at 9:13 pm
I bought oklo at $6 and I’m still long. These things are volatile for a reason. Do your own research.
@spidertao
September 11, 2026 at 9:13 pm
I’m sad to say I had $1000 in lucid and it’s worth like $14 now hahaha
@rob-c3q2z
September 11, 2026 at 9:13 pm
Does anyone know why there were that many spacs during that short period of time lmk
Comments are closed.