Polestar $PSNY Goes Public via SPAC
EV car company Polestar has listed on the
U.S. market under a SPAC deal, giving the company a
valuation of roughly $US21B. The company will be trading under the ticker $PSNY.

Polestar said it has received 32,000 orders for the Polestar 2, an increase of 290% over last year’s order numbers. The company aims to be selling 295,000 vehicles a year by 2025 — 10x the amount it sold in 2021. It also recently secured a deal estimated to be worth over $3 billion to sell 65,000 vehicles to Hertz. $HTZ
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[Press Release] Gores Guggenheim ($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
$10.5m follower assets
Polestar ($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.

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