Chamath Palihapitiya Looks Set To Make A Windfall From Nvidia's Purchase Of Groq, Here Is What The SPAC King Said After The Deal [Yahoo! Finance]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance
Palihapitiya'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 board since the very beginning, before stepping down in 2021. Don't Miss: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it An EA Co-Founder Shapes This VC Backed Marketplace— Now You Can Invest in Gaming's Next Big Platform Groq went on to raise several additional funding rounds, most recently securing $750 million at a valuation of $6.9 billion earlier this year. The company has since been backed by several other prominent investors, including BlackRock Inc. (NYSE: BLK Neuberger Berman Samsung Electronics Co. (OTC: SSNLF Disruptive and Cisco Systems (NASDAQ: CSCO Despite dilu
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