QuantumScape founder and CEO Jagdeep Singh joins "Squawk on the Street" to discuss the company's public debut. The position swelled after Kensington Capital Partners announced plans to merge QuantumScape with a special-purpose acquisition company, or SPAC, in September. 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. QuantumScape will reach stock exchanges through a reverse merger just like Nikola and Fisker, which makes the SPAC method reach battery companies. 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. Keefe, Bruyette & Woods Downgrades Rocket Companies (NYSE:RKT) to Underperform Intel (NASDAQ:INTC) Downgraded to "Sell" at Bank of America Disclaimer | 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. However, QuantumScape plans to become a publicly-traded company in … QuantumScape is working on a … 9 Things to Know About EV Battery Play QS Stock QuantumScape completed its merger with … 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. 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. hide. report. QuantumScape, a developer of what are known as solid-state batteries, has entered into a definitive agreement to merge with blank check company … This is especially true in the electric vehicle (EV) space. The Bill Gates and Volkswagen-backed company said Tuesday that its solid-... Yahoo Finance's Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. Listen in to hear how you can profit in 2021 and beyond. What do you think of QS Stock? Business Insider Bill Gates-sponsored battery producer QuantumScape to join 'blank-check' IPO frenzy Grantham's profit stands to climb even higher. 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. 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. Log in or sign up to leave a comment Log In Sign Up. What are solid-state lithium-metal batteries? QuantumScape (NYSE:QS). 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. Click Here for the Live Stream. Is Tuscan Holdings (NASDAQ: THCB) Stock a Viable QuantumScape (NASDAQ: QS) Sympathy EV Battery SPAC Play? Bill Gates-backed electric car battery startup is on the cusp of Battery producer QuantumScape is the latest firm to go public through a special-purpose acquisition company, or SPAC, merger. It has since been updated to include the most relevant information available. #Quantumscape #StichFix #DoorDash For 2020 elec The post QS Stock: Why QuantumScape Shares Are Surging Today appeared fi... SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or "QuantumScape"), a leader in the development of next generation solid-state lithium-metal batteries for use in electri... Investors keeping tabs on SPAC merger news have had a lot to absorb this week as more companies choose it as a way to go public. When is QuantumScape stock's IPO date? The post QS Stock: 11 Things to Know as Battery Play QuantumScape Rallies ap... Investors continue to try and sort out which electric-vehicle companies will be winners. Yahoo Finance’s Ines Ferre reports on the latest news on Quantumscape, DoorDash IPO, and Stitch Fix better than expected results. 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 … Fast Charge . The SPAC is near completion of its deal to merge with a next-generation battery maker. Valuing QuantumScape Stock With that Dec. 11 $28.7 billion market cap, QuantumScape stock has a pro forma EV of $27.56 billion. 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. Here's what you need to know. The last two years have seen market favorites including Virgin Galactic, DraftKings, and Nikola go public through such deals. QuantumScape (NYSE: QS) has announced that its special purpose acquisition company (SPAC) merger with Kensington Capital Acquisition is complete. It's only a matter of time before additional analysts come out with comparable or less generous price targets. The company aims to go public with a $3.3 billion valuation and trade on the New York Stock Exchange with the ticker QE. Introducing QuantumScape. 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. Wall Street's obsession with the vehicles could be a sign of unsustainable market optimism, Grantham told the FT, rivaling the overwhelming bullishness seen during the 1920s and the late-1990s tech bubble. While not an exact measure of proportional SPAC ownership, it's a decent approximation. Find the latest QuantumScape Corporation (QS) stock quote, history, news and other vital information to help you with your stock trading and investing. Yet, when you dive into its merger partner, it’s clear there QuantumScape (), a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger.Shares of the San … Even the SPAC "survivors" could shed 70-90% of their current valuations (measured as of late November 2020), therefore sharing the same fate as … That stake now stands at roughly $278 million thanks to a SPAC merger and QuantumScape's subsequent stock rally. 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 QuantumScape is releasing its shares to the public through an obscure special purpose acquisition company (aka SPAC) merger, which has become an increasingly popular way to IPO in 2020. Dollar giving up early gains. QS stock is worth just $40.15, or 33% below current levels. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Grantham, who founded investment management firm GMO and serves as its long-term investment strategist, invested $12.5 million in battery producer QuantumScape seven years ago as one of several stakes in early green-tech companies, according to the Financial Times. Lithium metal battery maker QuantumScape Corp (NYSE: QS) has gained nearly 220% since going public via an SPAC merger on Nov. 27. There has been a lot of investor interest in electric vehicle plays this year. QuantumScape is hardly the only SPAC that has added commas to certain investors' brokerage balances: ... Stock Advisor launched in February of 2002. Across 218 SPAC debuts in 2020, according to data from SPACInsider.com QuantumScape with a more generous target! Into the market mood represent the future of electric vehicle-related companies that have announced plans go... 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