$SCR is the ticker symbol for Social Capital Hedosophia Holdings Corp. VI, a special purpose acquisition company SPACs are companies that are formed for the purpose of raising capital through an initial public offering $SCR to later acquire or merge with an existing private company, thereby helping the private company go public.

Social Capital Hedosophia Holdings Corp. VI was part of the Social Capital Hedosophia series of SPACs, led by investor Chamath , who is known for taking technology companies public through $SCR mergers. The is named after "Social Capital," the venture capital firm founded by Chamath, and "Hedosophia," a venture capital firm.

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