What happened One of famous venture capital investor Chamath Palihapitiya's special-purpose acquisition companies, or SPACs, was soaring on Thursday. As of noon EST, Social Capital Hedosophia Holdings V (NYSE: IPOE) was higher by 30%, and shares had been halted. So what As is usually the case when predeal SPACs suddenly move sharply, this "blank check" company had just found its acquisition target. And it's a big one. Image source: Getty Images. Social Capital Hedosophia announced that it would use this $800 million SPAC to merge with fintech start-up SoFi, whose IPO has been rumored for some time. SoFi is primarily an online lender, offering personal loans, student loan refinancing, and other lending products, in addition to a stock trading platform and robo-advisor. The deal values SoFi at $8.65 billion, which includes $2.4 billion of new capital that is being contributed as part of the transaction. Now what SoFi will be the fourth company taken public by Chamath Palihapitiya's SPACs, following Virgin Galactic (NYSE: SPCE), Opendoor Technologies (NASDAQ: OPEN), and Clover Health (NYSE: IPOC). It's fair to say that this is an extremely impressive track record. Now that Social Capital Hedosophia Holdings V has found its acquisition target, two more of Palihapitiya's SPACs are still looking for theirs. Social Capital Hedosophia Holdings IV (NYSE: IPOD) raised $400 million in 2020, while Social Capital Hedosophia Holdings VI (NYSE: IPOF) is a $1 billion SPAC. Their stock prices are higher by 9% and 10%, respectively, as investors aim to get in on the next big IPO announced by the successful SPAC leader. 10 stocks we like better than Social Capital Hedosophia Holdings Corp. VWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Social Capital Hedosophia Holdings Corp. V wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Matthew Frankel, CFP owns shares of Social Capital Hedosophia Holdings. IV, Social Capital Hedosophia Holdings. V, and Social Capital Hedosophia Holdings. VI. The Motley Fool owns shares of and recommends Virgin Galactic Holdings Inc. The Motley Fool owns shares of Social Capital Hedosophia Holdings III, Social Capital Hedosophia Holdings. IV, Social Capital Hedosophia Holdings. V, and Social Capital Hedosophia Holdings. VI. The Motley Fool has a disclosure policy.Source