Steve Matt's avatar
$10.6m follower assets
[Press Release] Gores Guggenheim ($GGPI) Stockholders Approve Polestar Business Combination
As expected, shareholders approved the merger and Polestar will begin trading on the NASDAQ under the ticker $PSNY on Friday, June 24. I have a position along with $LCID and $F as my plays on the future of EVs. Worth noting that I'm much more bullish on Polestar than I am Lucid. If push came to shove, I'd pick Polestar 9 out of 10 times.

Steve Matt's avatar
$10.6m follower assets
Polestar ($GGPI, soon-to-be $PSNY) Reports Record Sales and Market Expansion
Polestar, who is expected to merge with SPAC $GGPI in the next 6 weeks, announced that over the first four months of 2022 "vehicle sales more than doubled to approximately 13,600 and the Company’s order take more than tripled to nearly 23,000 compared to the same period in 2021." They also announced they are now in 23 global markets with a goal of being in 30 global markets by the end of 2023.

Why is $GGPI is so overlooked?!
Tesla's are getting unaffordable... Rivian, Lucid, and $NIO can't produce/manufacture enough vehicles... All while $GGPI has vehicles ready to purchase and recently signed a MASSIVE deal with Hertz!
Is this the next best EV Stock?!

Commercial viability is hitting EV stocks hard
$RIVN has been on the front pages of newspapers over the past couple of days as journalists report the production issues that the company faces in building out their vehicles.

At the same time, other companies like $ARVL $LCID, and so on have also experienced growing pains and investors are getting pessimistic with them as well.

$FSR and $NKLA stand out because their business model mostly relies on outsourcing the capex heavy activities to other manufacturers like $MGA and $CNHI. Plus, Nikola Motors already delivered the first-ever electric truck.

$GGPI had their SuperBowl commercial and I wouldn't be surprised if many people ordered a Polestar vehicle (or at least considered buying one) after watching the big game.

I do have confidence that Rivian and Lucid will make it through the growing pains because there's already immense demand for their vehicles from wealthy individuals. As for both Rivian and Arrival, they both have a ton of orders from B2B customers.

With the abundance of capital in this market, many investors have more tolerance for growing pains. Also, many on Wall St. are willing to inject more capital into these startups as a way to get them ready to capitalize on the high car prices ASAP. The chip shortage does stand in the way of commercialization, and I have confidence that things will get better on that end.

$TSLA might be dominating today, but in the future, their competitors will provide a ton of competitive pressure on them. Maybe Jim Cramer will be wrong and Rivian does become the next Tesla.
Bogdan's avatar
$25m follower assets
SPAC deals + IPOs September 2021:
$ARYD— Caritas Therapeutics, a “next-generation genetic medicine company” (from Amicus Therapeutics gene therapy business).
$TUGC — SAITECH Limited, a “Eurasia based energy saving Bitcoin mining operator”
$GGPI@polestarcars, the “global electric performance car company”
$GSQD@transfixio, a “leading, next-gen digital freight platform”
$GLBL — Tiedemann Group + Alvarium Investments to create a “leading independent, global investment firm”
$MOTV@forge_global, a “leading global private securities marketplace”
$HTPA — Packable, a “leading tech-led e-commerce marketplace enablement platform”
$NXU@energyvaultinc, a “gravity-based, grid-scale energy storage solutions company”

IPOS:
  • Sept 22, TOST Toast
  • Sept 22, FRSH Freshworks
  • Sept 23, RELY Remitly

For a bigger picture, including older deals, https://studios.medium.com/ipos-2021-a12e0d0b604
Was nice to see another fintech company with $TOST go public. Hasn't done too well since the IPO though. POS systems seem increasingly commoditized.
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Taylor's avatar
$96.8m follower assets
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Are SPACs Back? My thoughts on a SPAC Picker’s Market.
Since SPAC sentiment hit it’s peak in February with the announcement of the CCIV and $LCID merger, it has been quite popular for mainstream financial media and financial Twitter alike to bash SPACs, and for good reason. Companies like $NKLA, $RIDE and $MNTS have left a sour taste in the mouth of investors for promising massive growth opportunities and downright lying in same cases. However, just like it has been a stock pickers market for all of 2021, I believe that there are absolutely some diamonds in the rough within the SPAC ecosystem.

Four companies I like moving forward include: $MP (Complete de-SPAC) $LCID (Recently went through PIPE sell off), $ASTR and $RKLB. These companies represent the various stages of a SPAC life cycle and offer very different investing/trading opportunities.

$MP is a rare earth materials mining company located in Las Vegas, Nevada that owns and operates the Mountain Pass Mine, the only currently operation rare earth minerals mine in the Western Hemisphere. MP Materials looks to grow the rare earth materials supply chain and return it to the United States after China has taken over 90% of the worlds supply chain. With the adoption of batteries for electric vehicles, increased use of wind turbines and other applications, look for this $6 billion dollar market cap company continue to make moves to the upside. Current analyst price target average: $45 (32% upside)

$LCID Lucid Motors is most certainly a household name for all investors by this point, engulfing retail traders in excitement and anticipation for the announced merger with CCIV in February, after which coincided with the significant drop we saw at the end of February and into March. Consistently labeled as the $TSLA killer, Lucid has yet to deliver a single car. Rightly so, there are a lot of questions about its high valuation just over $37 billion. While $37 billion is a high valuation for a company with 0 deliveries (this will change in October with the first vehicles slated for delivery), $LCID, like $TSLA, is a technology company. Batteries in development currently have over a 500 mile range and there are talks about licensing and manufacturing these batteries for other legacy automakers looking to get involved in the EV trend. With deliveries incoming, there are many positive catalysts on the calendar over the next few months. Current analyst price target average: $28 (22% upside)

$ASTR is a company I made a post on recently, with its recent earnings report along with its first commercial launch conducted for the DOD and Space Force. While the launch was not a complete success, getting to space is extremely difficult. I believe that the space sector of the market will only continue to grow its important and prevalence in our society. With possible contracts in the pipeline and a successful commercial launch on the horizon this stock has the ability to move. Current analyst price target average: $13 (36% upside - only one analyst initiated coverage)

Lastly, my current personal favorite - $RKLB. The only publicly traded direct competitor to SpaceX, Rocketlab has been named the “highest quality space asset to enter the public market so far.” With a proven track record of successful launches under its belt, $RKLB will look to continue building out its “Satellite-as-a-Service” business model along with its contracts with NASA and other government agencies. Perhaps most exciting is the mission planned to the moon for NASA’s Artemis mission later in 2021. With a rocket in development, the Neutron, a direct competitor to the Falcon 9, a mission to Venus and a mission to Mars, this company is a leader in the space sector. However, the lock up expiration period will end on the 22nd of September, so there may be movement to the downside over the short term. Yet, with missions planned for September 30th and throughout October, I will continue to DCA. Current analyst price target: $24 (37% upside)

Honorable SPAC Mentions:
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