By Luc Olinga Venture capitalist Chamath Palihapitiya pumps the brakes on blank-check companies. One financial frenzy seems to have died down. Special-purpose-acquisition vehicles, or SPACs, had been seen as the streamlined answer to the administrative morass that is a standard initial public offering. SPACs are no longer trendy. And it’s their king who has so decreed. Star venture-capital investor Chamath Palihapitiya, an early executive at Facebook (META) – Get Meta Platforms Inc. Report, almost three years ago helped make SPACs the buzzword in business circles. On Oct. 29, 2019, Sir Richard…