[6][7][8] In August 2021, Aspiration announced that it would go public on the New York Stock Exchange by merging with the special-purpose acquisition company (SPAC) InterPrivate III Financial Partners in a $2.3 billion merger.

Ahead of the merger, Oaktree Capital Management and investment affiliates of billionaire Steve Ballmer committed $315 million in additional financing to Aspiration.

[10] In January 2024, the United States Department of Justice and the Commodity Futures Trading Commission launched an investigation into the firm's claims to have planted 35 million trees to offset carbon emissions.

[16] Aspiration says the mutual fund does not invest in companies involved in the alcohol, tobacco, arms and military, nuclear power, gambling, pornography, and oil and gas industries.

[21] Launched in March 2021, the Aspiration Zero credit card offered cash-back rewards and allows cardholders to offset their carbon footprint by turning every purchase into a newly planted tree.