![]() ![]() Once they go public they then have two meaningful assets: a major exchange listing, and a pool of cash on the books, and they offer both of those things to a company that wants to go public. If you’re not familiar with how SPACs work, they are publicly traded pools of cash - they are brought public by a manager who raises cash with the intention of spending it (within two years) to merge with or acquire a business. “Instead, it went public via a little-known ‘reverse merger.'”Īh, so it’s probably part of the SPAC conversion mania… Special Purpose Acquisition Corporations, often called “blank check” companies, have been snapping up stocks related to any kind of hot technology, helping them to go public quickly during this crazy market mania - and that has certainly included a bunch of “future of transportation” stocks that would love to be the “next Tesla” or get that Tesla halo in some way, including the electric truck startup Nikola (NKLA) that got everyone all hot and bothered earlier this year. “That’s because it decided not to IPO with all the fanfare – and pressure – that comes with it. “This company quietly went public just last month… And yet there wasn’t more than a peep from the financial media. ![]() “It also has a ton of healthy advantages versus its competition: it’s a first mover, has dominant market share, and a moat of patents and repeat customers to dominate the field for years to come.”Īnd their own management, we’re told, is projecting 60% annual revenue growth for the next four years. What else? Apparently it’s a leader in the business in some meaningful way… Abeyta says: OK, so it’s not one of the brand-new startups. “Most of that has come from technologies outside autonomous vehicles….” “This company already has more than 300 customers and has generated more than $500 million in revenue over the last decade. “This company is already working with brand-name companies like Ford, Baidu, Hyundai Motors, and Nikon…. There are a bunch of companies that sell lidar sensors and systems, and many more coming up through the startup ranks as they try to reduce the costs of lidar for the perceived huge market that will emerge, so which one is Abeyta talking about? We do get some clues, thankfully… Lidar is a remote sensing technology, sort of like radar but using light instead of sound, and it is being used by most of the autonomous vehicle developers, often in combination with radar and camera sensing technologies - it has limitations, and Tesla hasn’t been using it in its own autonomous technology (Musk got a huge amount of attention last year for saying “Anyone relying on lidar is doomed”), but almost everyone else uses it… with the expectation that the costs, which are still far too high to include in production cars (probably why Tesla isn’t using it… yet), will come down dramatically over time. “That’s why my recommendation for you today is one of the top LIDAR suppliers in the world.” “Any dynamic vehicle and robot will need to have LIDAR to react to the world around it. “Even after the roads are packed with self-driving cars, all using the same “eyes,” it’ll be just the beginning for LIDAR technology. “These ‘eyes’ are going to be some of the most valuable pieces of technology of the century. ![]() ![]() “You can think of LIDAR as the ‘eyes’ of an autonomous vehicle. This tease I saw first was dated August 20, and it’s in ads for Abeyta’s Empire Elite Growth newsletter ($2,000 for first year, renews at $3,000/yr), one of the “upgrade” offerings of Tilson/Stansberry’s Empire Financial group (direct marketing publishers are like sharks… if they stop “upgrading” you, they die)… and the pitch is no doubt exciting some folks because it combines three hot “themes”: electric cars, IPOs, and autonomous vehicles. ![]()
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