Can Polestar succeed where other EV maker SPACs have failed?

Polestar, the EV subbrand from Volvo and Geely that launched last week on the Nasdaq at a $20 billion valuation, didn’t earn its $PSNY ticker by taking the traditional route toward an IPO.
With the ringing of the bell, Polestar became the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming profitable.
Being under Volvo’s aegis gives Polestar a head start over typical electric vehicle startups, though its production targets could prove challenging given their relative scale when compared to other recently SPA

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