Masa Son Officially Out Of Ideas, And So Will Launch A SPAC - Dealbreaker

The great Italian painter Giorgio de Chirico was a true original. His enigmatic cityscapes, so full of threat and foreboding, laid the groundwork for surrealism. This potent period of creativity that literally helped rewrite the history of art lasted for just about 10 years. For the last 60 years of his life, de Chirico abandoned his pioneering style and rejected innovation, preferring instead the imitation of the great masters of centuries past.

SoftBank founder Masa Son is also a true original, arguably the greatest financial performance artist of all time. Like all true artists, some of his work looks almost like a parody of earlier achievements, but even now, he remains capable of acts of truly breathtaking ingenuity and brash verve, masterpieces uncoupled from what any other private equity artist could do or even conceive.

Still, there have been signs of hesitancy and doubt, indications, perhaps, that the great creative ferment that has been the studio of Masa Son has slowed down, become a bit dull, less confident and free. And none more so than yesterday, when Son’s finest collaborator and pupil, the architect along with the master of the beautiful WeWork disaster, acknowledged that, at least for now, he and Son are out of ideas and ready to start churning out imitations of what literally everyone else is doing.

Speaking at the 2020 Milken Institute Global Conference on Monday, Misra said he’s preparing a special purpose acquisition company, or SPAC…. The SPAC will be operated by SoftBank Vision Fund investment advisors and will include money from outside investors and Vision Fund 2, according to a person familiar with the matter.

Of course, it’s possible that Misra and Son are about to disrupt and refigure everything we think we know about blank-check companies—Misra has promised more details in the next two weeks—things that will expose the hacks and poseurs and once again blow our minds. But “jumping on the latest investment bandwagon” are stinging words from the art critics over at CNBC, and, we fear, the end of one of the great chapters of the financial imagination.

SoftBank’s Rajeev Misra says Vision Fund 2 is backing a SPAC [CNBC]

Related

SonSoftBank

The Fall Of WeWork Has Destroyed The Last Pure Thing In Global Finance: Masayoshi Son's Profligate Whimsy

Seeing a hypothetical $40 billion go up in allegorical smoke is having an impact on the greatest living performance artist in finance.

SonSoftBank

Masa Son's Masterwork Is A PowerPoint Presentation About WeWork That Will One Day Hang In The Louvre

One solitary slide in the WeWork autopsy report to SoftBank investors is a true encapsulation of the artist's soul.

(Getty Images)

Masa Son’s Unicorns Were Actually Lemmings

The last year really could have gone somewhat better for SoftBank.

(Getty Images)

Wily Masa Son Made Damned Sure He Wouldn’t Have To Throw Away Another $3 Billion On WeWork

In his latest piece of financial performance art, Masa Son is getting sued by himself.

(Getty Images)

Federal Court Revives Long-Form Financial Performance Art Of Masa Son

He gets to sell Sprint and its $40 billion in debt and lives to do something else bizarre.

SonSoftBank

Masayoshi Son Turning To Some Different Patrons For His New Piece Of Financial Performance Art

With the Saudis taking a pass, the deKooning of money turns to Goldman Sachs for funding of his new work.