share. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar. However, I now believe that QuantumScape stock is close to being Business Insider. The company has st... Solid-state batteries (SSBs) represent the future of electric vehicles, bolstering the narrative for KCAC stock. QuantumScape is hardly the only SPAC that has added commas to certain investors' brokerage balances: ... Stock Advisor launched in February of 2002. The company expects to close the deal by the end of the year. If so, then QuantumScape stock has nothing but upside ahead. While renewable energy stocks are in vogue, successful investors need to understand these trends. Yet, when you dive into its merger partner, it’s clear there QuantumScape Is Now All Set To Go Public After the Shareholders of the SPAC Kensington Capital (KCAC) Approve the Merger Agreement Between the Two Companies By Rohail Saleem Nov 25, 2020 12:48 EST SPAC firms raise capital through an initial public offering with the intention of using the cash to acquire a firm and take the merged entity public. The stock is already up more than 50%. The company joins the electric vehicle investor space with a promise of a battery technology that may pr... A promising developer of the new generation of batteries, QuantumScape has the potential to upend the EV battery supply chain and lead the transition away from fossil fuels. And solid state batteries look to be the big winner in this space. With QuantumScape (QS) touching $50, we've hit full insanity again to end the last trading day of November. Microsoft co-founder Bill Gates isn't just investing in QuantumScape's potentially revolutionary lithium-metal battery technology — he's giving the venture advice as well. The post QuantumScape SPAC Merger: 9 Things to Know ... Quantumscape CEO Jagddep Singh discusses going public through a SPAC deal and his company's battery technology for electric vehicles. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The SPAC stock immediately shot up above $18 ($18.25) and so the warrants listed on the NYSE (KCAC.WS) are now in-the-money (i.e., the stock … no comments yet. This saw shares of … Are solid-state lithium batteries the next frontier market for electric cars? QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. QuantumScape lands in that basket. The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). QuantumScape soared as much as 37% in early Wednesday trading. Even the SPAC "survivors" could shed 70-90% of their current valuations (measured as of late November 2020), therefore sharing the same fate as … The future is solid. QuantumScape wants to disrupt the automotive industry—and the EV space—by offering a better mousetrap. QuantumScape, a developer of what are known as solid-state batteries, has entered into a definitive agreement to merge with blank check company … QuantumScape and VW in 2018 formed a joint venture aimed at industrial-level production of solid-state batteries for use in VW's vehicles. The SPAC deal is expected to close in late 2020, when the new company will trade on the New York Stock Exchange under the ticker symbol QS. Disclaimer | That compares to just $13.6 billion raised across 59 deals in 2019. A massive surge in QuantumScape stock has transformed a formerly interesting play into a wildly overvalued trap. Log in or sign up to leave a comment Log In Sign Up. Cramer had recommended the SPAC stock last week at $17.50. The company's solid-state lithium-ion batteries will allow drivers to charge their vehicles to about 80% of full capacity in 15 minutes. QuantumScape plans to sell its batteries in 100 KWh packs, for about $7,000 per pack, and at about 30% gross margins. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. QuantumScape says its electric vehicle batteries should allow drivers to charge their cars to 80% of their full capacity within fifteen minutes. QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. VW has committed more … Sort by. Many EV firms like Nikola (NKLA) and Hyliion (HYLN), among others, have gone public this year via reverse mergers with SPACs, a faster, simpler and less demanding process than traditional IPOs. The post 3 Quantum Glass Stocks for the Future of Batteries appeared... Kensington Capital may offer a breakthrough in the quest for a better EV battery. Without better battery technology, it will be difficult -- if not impossible -- for EVs to replace gas-powered vehicles. #Quantumscape #StichFix #DoorDash For 2020 elec Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. QuantumScape (NYSE: QS) has seen a huge run-up since the shares began trading on Nov. 27 following a SPAC merger. #Quantumscape #StichFix #DoorDash For 2020 elec hide. The stock price of QuantumScape Corporation (NYSE: QS) has surged 57.45% in its public debut day as it went from $23.50 at the opening price to a closing of … Dollar giving up early gains. Kensington Capital Acquisition (NYSE:KCAC) and QuantumScape announce closing of business combination.QuantumScape shares will trade on the NYSE under the ticker symbol "QS" and its … While not an exact measure of proportional SPAC ownership, it's a decent approximation. There has been a lot of investor interest in electric vehicle plays this year. Lithium metal battery maker QuantumScape Corp QS 3.37% has gained nearly 220% since going public via an SPAC merger on Nov. 27. S3 Partners analyst Ihor Dusaniwsky just released... QuantumScape CEO Jagdeep Singh discussed the company's efforts to develop a solid-state battery for electric vehicles and its work with German automaker Volkswagen. Velodyne's stock … The electric vehicle market has a need for efficient batteries, and you can invest in this high-growth market via a position in KCAC stock. WESTBURY, N.Y. and SAN JOSE, Calif., Nov. 12, 2020 /PRNewswire/ -- Kensington Capital Acquisition Corp. (NYSE: KCAC) ("Kensington") and QuantumScape Corporation ("QuantumScape") today announce... QuantumScape Corporation focuses on the development and commercialization of solid-state lithium-metal batteries for use in electric vehicles. Fast Charge . QuantumScape is working on a … The exact QuantumScape IPO date hasn't been set. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. Yahoo Finance's Myles Udland, Julie Hyman, and Brian Sozzi speak with QuantumScape CEO Jagdeep Singh about the company's next generation battery technology. QuantumScape, an electric vehicle battery maker backed by Bill Gates and Volkswagen, becomes the latest startup to go public through a SPAC. The reality of the company's likely timeline may be setting in. QuantumScape, a maker of solid-state batteries for EV applications, is the latest stock in the business to close its SPAC merger. Kensington Capital Acquisition stock soared 86.1% to $18.61. The post Revolutionize Your EV-Niche Portfolio with ... As the merger with QuantumScape comes to fruition, KCAC stock is fired up once again. In this video I talk about QuantumScape Stock. Solid-state batteries that work. QuantumScape recently merged with a SPAC (a special purpose acquisition company) run by Kensington Capital Partners at a valuation of $3.3 billion. Made In NYC | Join us on Tuesday, December 8th at 8am PST. QuantumScape is also part of a smaller and notable group of electric vehicle-related companies that have announced plans to go public via a SPAC. A SPAC is a shell company that raises money through an IPO to buy a private operating company, typically within two years. It has since been updated to include the most relevant information available. The QuantumScape position is "by accident the single biggest investment I have ever made," Grantham told the FT, partially fueled by the so-called blank-check companies' lack of regulation. A SPAC is a shell company that raises money through an initial public offering to buy a private operating company and take it public in a reverse … Returns as of 12/19/2020. EV Battery Supplier QuantumScape, Backed by Bill Gates, to Go Public in SPAC Deal The merger with Kensington Capital Acquisition values QuantumScape at $3.3 billion. Commerce Policy | However, investors should know what makes SSBs distinct -- and the challenges t... A pullback to end a huge month was probably inevitable. QuantumScape SPAC Merger. QuantumScape Is Now All Set To Go Public After the Shareholders of the SPAC Kensington Capital (KCAC) Approve the Merger Agreement Between the Two Companies By … Introducing QuantumScape. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Visit the Business Insider homepage for more stories, We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021. Jagdeep Singh, QuantumScape Founder & CEO, joined Yahoo Finance to discuss going public through a SPAC deal and the future of electric vehicles. save. Here's what you should know. Tesla's meteoric rise through the year has made electric-vehicle SPACs - and any SPAC related to the EV market - particularly popular. Now read more markets coverage from Markets Insider and Business Insider: Credit Suisse maintains an index of LGBT-inclusive firms that's crushed its global benchmark since 2010. "It gets around the idea of listing requirements, so it is not a useful tool for a lot of successful companies. It's only a matter of time before additional analysts come out with comparable or less generous price targets. Here are more details. Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. DoorDash prices IPO at $102 per share, will raise $3.4 billion, Stocks could stumble in early 2021 as investor sentiment surges past market fundamentals, Goldman Sachs says, Plus500. report. The post QuantumScape Is a Terrible Buy at Its Current Price appeared first on ... QS stock rallied again on Thursday as more investors tune in to solid-state battery advancements from QuantumScape. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. However, QuantumScape plans to become a publicly-traded company in … Tesla stock rose as … The post Top SPAC Merger News This Week: Innoviz, Arrival, Lumi... QuantumScape is the latest addition to the NYSE after a merger with Kensington Capital. QuantumScape Stock Is No Longer Undervalued Given Its Huge Run-Up. Blank-check IPOs exploded in 2020 as firms looked to take advantage of a surge in participation from retail investors and hopes for an economic recovery. QuantumScape shares would trade under the ticker symbol "QS" on the NYSE. QuantumScape's lithium-metal battery uses a solid ceramic electrolyte which Singh said is safer than a conventional liquid electrolyte. QuantumScape, which went public in November thr... QuantumScape, one of the newest entrants to the red-hot electric-vehicle industry, could have one big leg up on Tesla. QuantumScape (QS), a battery startup backed by Volkswagen and Tesla cofounder JB Straubel, went public with a bang today. Read more: We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021. His target for the stock price is $50. Automakers are lobbying for measures that would lead to more electric vehicles in the U.S. One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. Significantly increases volumetric and gravimetric energy density by eliminating graphite/silicon anode host material. Sign up for free newsletters and get more CNBC delivered to … The firm produces solid-state batteries used in electric cars and has backing from industry giant Volkswagen. Energy. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. Should the rally hold into the market close, it would add another $100 million to his total gains. The deal valued QuantumScape at $3.3 billion, and shares traded at more than four times their listing price when the acquisition was completed on November 30. 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