https://techcrunch.com/2022/07/06/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.