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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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