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The number of public listings by zero-revenue companies valued above $1 billion currently exceeds the dot-com era

Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/Insider There are now more zero revenue public listings valued at over $1 billion planned for 2021 than there were in any year during the dot-com era. 16 zero-revenue companies either have or are set to go public with a valuation of over $1 billion in 2021. Much of the boom is due to a SPAC explosion. 170 SPACs have already gone public this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The...
Tags: Trends, Bloomberg, Citigroup, Lucid, Chamath Palihapitiya, SPAC, Rod, Michael Klein, Brian Snyder Reuters, William Ackman, Michael Loccisano Getty, Samantha Lee, Lucid Motors, Colin Kapernick, Will Daniel, Churchill Capital Corp


EV startup Lucid delays deliveries of the Air, its Tesla Model S rivaling luxury sedan

Lucid will start delivering the Air sedan in the second half of 2021. Lucid Startup carmaker Lucid won't deliver its first electric sedans this spring after all.  Lucid's CEO said in a letter that production will be postponed due to COVID-19-related delays.  Lucid aims to start production as early as it can in the second half of 2021. Visit the Business section of Insider for more stories. Startup automaker Lucid has postponed the first deliveries of its debut electric vehicle, the 2021 Lu...
Tags: Elon Musk, Trends, Tesla, Air, Musk, Lucid, Rawlinson, Lucid Air, Peter Rawlinson, Casa Grande Arizona, COVID, Tim Levin, Lucid Air Lucid, Lucid Startup


Tesla has 'significant first-mover advantage' in the electric vehicle space - but 3 smaller names are also poised to succeed as EV sales climb in 2021, CFRA says

The Fisker Ocean. Fisker CFRA says Tesla has a "first mover advantage" over many new entrants in the EV market. But the firm also says Rivian, Lucid Motors, and Fisker will thrive as EV sales increase in the US. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Tesla has established a "significant first mover advantage" over new entrants in the ever-expanding electric vehicle market, but a few other smaller names stand out, according to CFRA's Garrett Nelson. In a not...
Tags: Amazon, US, Trends, Markets, Tesla, Bloomberg, Electric Vehicles, Biden, Audi, Nissan, Nelson, Lucid, Fisker, CFRA, Lucid Motors, Tesla Stock


#Saudi Wealth Fund’s Lucid Windfall Will Make Up for Tesla Exit - Bloomberg

Saudi Wealth Fund’s Lucid Windfall Will Make Up for Tesla Exit - Bloomberg The second time proved the charm for Saudi Arabia’s foray into electric vehicles.The kingdom’s main sovereign wealth fund is sitting on paper gains of over 30-fold from its investment in Lucid Motors Inc., with the value of its stake set to rise as part of a deal to take the company public.The result is a boost for the $400 billion Public Investment Fund after missing out on an epic rally in Tesla Inc. shares when it sold...
Tags: Travel, Saudi Arabia, Lucid, Jeddah, Bloomberg News, SPAC, Mohammed bin Salman, Red Sea, Uber Technologies Inc, Mukesh Ambani, Rupert Neil Bumfrey, Public Investment Fund, Tesla Inc, Peter Rawlinson, Yasir al Rumayyan, Lucid Motors Inc


Churchill Capital Corp. IV has plunged over 50% since announcing long-awaited Lucid Motors deal

Lucid Air. Lucid Churchill Capital Corp. IV investors are fleeing the name after the Lucid Motors deal. The stock is down over 50% in a two-day slide as investors weigh valuation concerns. CCIV and Lucid merged with a combined pro-forma equity value of $24 billion on Monday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Churchill Capital Corp. IV has plunged over 50% in a two-day skid since announcing the long-awaited Lucid Motors deal on Monday. For months, inv...
Tags: US, Trends, Tesla, Bloomberg, Lucid, SPAC, Yahoo Finance, Michael Klein, Newark California, Lucid Motors, Lucid Air, Peter Rawlinson, Dan Ives, Will Daniel, Churchill Capital Corp, Lucid Air Lucid Churchill Capital Corp


Inception is here: Researchers “talk” to lucid dreamers for the first time

Four research teams in four countries independently communicated with sleeping volunteers.A total of 36 participants correctly responded to questions 18.6% of the time.Researchers believe this could open up new avenues for treating anxiety, depression, and trauma. From Leonardo DiCaprio to Freddie Krueger, pop culture has long been fascinated with the idea of entering someone else's dreams to influence their thoughts—or steal their souls. Of course, dreams have a much longer track record than ...
Tags: Psychology, Facebook, Sleep, Neuroscience, Depression, Anxiety, United States, Innovation, Leonardo Dicaprio, Lucid, Aristotle, Derek, Morse, Evan Thompson, France Germany the Netherlands, Freddie Krueger


Churchill Capital Corp IV plunges 48% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

Lucid Air. Lucid Churchill Capital IV fell as much as 48% on Tuesday after Lucid Motors struck a deal to go public via the SPAC.The deal will generate $4.4 billion for Lucid, which plans to use the funds to expand its Arizona facility.Churchill's transaction values Lucid at about $24 billion at the PIPE offer price of $15.00 per share.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares in Churchill Capital IV fell as much as 48% on Tuesday after the blank-check c...
Tags: Saudi Arabia, Trends, Tesla, Bloomberg, Arizona, Electric, Churchill, Cto, Lucid, SPAC, Michael Klein, Rawlinson, Public Investment Fund, Lucid Motors, Peter Rawlinson, Shalini Nagarajan


Churchill Capital Corp IV plunges 45% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

Lucid Air. Lucid Churchill Capital IV fell as much as 45% on Tuesday after Lucid Motors struck a deal to go public via the SPAC.The deal will generate $4.4 billion for Lucid, which plans to use the funds to expand its Arizona facility.Churchill's transaction values Lucid at about $24 billion at the PIPE offer price of $15.00 per share.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares in Churchill Capital IV fell as much as 45% in regular trading on Tuesday afte...
Tags: Saudi Arabia, Trends, Tesla, Bloomberg, Arizona, Electric, Churchill, Cto, Lucid, SPAC, Michael Klein, Rawlinson, Public Investment Fund, Lucid Motors, Peter Rawlinson, Shalini Nagarajan


Churchill Capital Corp IV plunges 35% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

Lucid Air. Lucid Churchill Capital IV fell 35% in pre-market trading after Lucid Motors struck a deal to go public via the SPAC.The deal will generate $4.4 billion for Lucid, which plans to use the funds to expand its Arizona facility.Churchill's transaction values Lucid at about $24 billion at the PIPE offer price of $15.00 per share.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares in Churchill Capital IV fell as much as 35% in early trading on Tuesday after ...
Tags: Saudi Arabia, Trends, Tesla, Bloomberg, Arizona, Electric, Churchill, Cto, Lucid, SPAC, Michael Klein, Rawlinson, Public Investment Fund, Lucid Motors, Peter Rawlinson, Shalini Nagarajan


Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity value of $11.75 billion. Private investment in the public equity deal is priced at $15 a share, putting the implied the p...
Tags: Transportation, Europe, Saudi Arabia, China, Tech, Tesla, Bloomberg, Automotive, Air, North America, Churchill, Cto, Lucid, SPAC, Audi BMW, Atieva


Electric vehicle firm Lucid Motors to go public in $11.8 billion blank-check merger

Lucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein.
Tags: Lucid, Lucid Motors


Tesla rival Lucid Motors to go public in $11.8 billion blank-check merger

Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with investors rushing into the EV...
Tags: Tesla, Lucid, Lucid Motors


Scientists found a way to communicate with people while they're asleep and dreaming

Roos Koole/Getty Images In a new study, scientists found they could communicate with people who are lucid dreaming. Lucid dreaming is when a person is aware they are dreaming. The dreamers could answer yes-or-no questions and solve basic math problems while asleep. Visit the Business section of Insider for more stories. Scientists have identified a new phenomenon they describe as "interactive dreaming" - when people experiencing deep sleep and lucid dreams are able to follow instructions,...
Tags: Science, News, Sleep, Biology, US, Trends, REM, Dreams, Lucid, Northwestern University, Eeg, David Nield, Current Biology, France Germany the Netherlands, ScienceAlert, Ken Paller


Churchill Capital Corp. IV spikes 19% as report tells investors to expect Lucid Motors deal as soon as Tuesday

Lucid Air. Lucid Reports out of Bloomberg indicate the Churchill Capital IV-Lucid merger investors have been waiting for may come as soon as Tuesday. Churchill Capital Corp. IV has soared more than 425% since rumors of a merger were first reported. Electric vehicle-maker Lucid Motors expects to sell its first Air Dream Edition in the second quarter of 2021. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Churchill Capital Corp. IV spiked 19% on Monday af...
Tags: New York, Saudi Arabia, Trends, Tesla, Bloomberg, Citigroup, Newark, Electric, Lucid, Jeddah, SPAC, Red Sea, Michael Klein, Klein, Public Investment Fund, Lucid Motors


Lucid Motors Is Said to Near Deal to Go Public via Klein’s SPAC - Bloomberg

Lucid Motors Is Said to Near Deal to Go Public via Klein’s SPAC - Bloomberg Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early next week, according to people familiar with the matter.The combined entity will be valued at as much as $15 billion, the people said, asking not to be identified because the matter is private.The special purpose acquisition company has been in talks to rais...
Tags: Travel, Saudi Arabia, Lucid, Citigroup Inc, SPAC, Michael Klein, Klein, Rupert Neil Bumfrey, Lucid Motors, SPAC Bloomberg, Churchill Capital Corp, SPAC Bloomberg Lucid Motors Inc


Hedge funds' Lucid windfall - Cathie Wood mania - New Pimco allegations

Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stories from the past week:SPAC investors like Citadel and Millennium are sitting pretty thanks to Lucid Motors euphoriaStar Morgan Stanley trader Shawn Joshi is leaving, plus other top Wall Street people moves this weekInside Cathie Wood's meteoric rise More harassment and discrimination allegations against Pimco emerge in a lawsuit Check out our Goldman org chart to see the latest power structure f...
Tags: US, Trends, Bitcoin, Pimco, Goldman Sachs, Getty, Morgan Stanley, Goldman, Wood, Robinhood, Lloyd Blankfein, Lucid, Russell Westbrook, Sachs, SPAC, Bridgewater


Churchill Capital IV soars 33% after report says the SPAC is nearing a deal to take EV maker Lucid Motors public

Lucid Air. Lucid Churchill Capital Corp IV is reportedly in talks with Lucid Motors to take the company public. The SPAC has seen its share price jump over 300% since rumors of the merger first became public on Jan 11. If the merger goes through, Lucid will be one of the over 130 companies to go public via SPAC this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Churchill Capital Corp IV soared as much as 33% on Tuesday after a report from Reuters suggested...
Tags: Ipo, Trends, Tesla, Bloomberg, Citigroup, Ohio, Goldman, Exxon, Churchill, Gamestop, Lucid, Reuters, Fisker, SPAC, Tesla Model, Michael Klein


Churchill Capital IV jumps 13% amid hopes it's nearing a deal to acquire Lucid Motors

Lucid Air. Lucid Churchill Capital IV jumped 13% after a Bloomberg terminal update suggested that a consortium of investors led by VC firm Venrock Associates were looking to sell Lucid Motors. Lucid and Churchill Capital IV have been rumored to be in merger talks since January 11. The news comes as Lucid plans on releasing its first production vehicle this spring. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Churchill Capital IV's (CCIV) stock rallied as much a...
Tags: US, Trends, Bloomberg, Barclays, Venrock, Lucid, SPAC, Michael Klein, Casa Grande, Lucid Motors, Lucid Air, The News, Casa Grande Arizona, Venrock Associates, Lucid Motors Lucid, Will Daniel


Churchill Capital IV rallies 13% amid new signs it's seeking to acquire Lucid Motors from an investing consortium led by Venrock Associates

Lucid Air. Lucid VC firm Venrock Associates and a consortium of investors proposed the sale of Lucid Motors to CCIV, according to a Bloomberg terminal update. Lucid and Churchill Capital IV have been rumored to be in merger talks since January 11. The news comes as Lucid plans on releasing its first production vehicle this spring. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Churchill Capital IV's (CCIV) stock rallied as much as 13% Friday amid new signs the co...
Tags: US, Trends, Bloomberg, Barclays, Venrock, Lucid, SPAC, Michael Klein, Casa Grande, Lucid Motors, Lucid Air, The News, Casa Grande Arizona, Venrock Associates, Lucid Air Lucid, Will Daniel


From Tesla's wildest Model S yet to Rivian's off-road pickup, these are the 14 coolest upcoming EVs set to hit the road in 2021

The Lucid Air will take direct aim at the Tesla Model S when deliveries start next year. Lucid 2020 was a massive year for electric vehicles, but 2021 may be even better.  Battery-powered pickups, SUVs, luxury sedans, and more — ranging from around $40,000 into the  six figures — will hit US roads by the end of 2021.  Over the next year, upstarts like Rivian, Bollinger, and Lucid are set to deliver their debut vehicles, while established brands like Mercedes-Benz, GMC, and Volkswagen will ...
Tags: Transportation, Elon Musk, Cars, US, Trends, Tesla, Porsche, Ford, Electric Vehicles, Auto Industry, Autos, Epa, Bmw, Volkswagen, Audi, Nissan


The best sofas and couches in 2021

Table of Contents: Masthead Sticky High-quality sofas available online are easy to assemble, as attractive as pieces you might pick up at a local store, and are comfortable to sit, nap, and lounge on.Some of our top picks include a leather sofa from Joybird, a modular sectional from Burrow, and a convertible sleeper sofa from Couchbed.Read more: The best futons for under $500The bed-in-a-box industry has exploded in the last few years. No longer do you have to visit a furniture showroom in order...
Tags: Reviews, Apple, Home, US, Trends, Walmart, Features, Netflix, Buying Guide, Living Room, Honda, North Carolina, Chesterfield, Lucid, Bay Area, Couch


Tesla's odd new 'steering yoke' has polarized the internet and auto industry experts

Tesla Model X interior. Tesla Tesla's polarizing new 'steering yoke' has sparked debate online.  Some say the steering wheel is forward thinking and futuristic, while others argue it's impractical.  The yoke will be in redesigned Model X crossovers and Model S sedans arriving later this year.  Visit Business Insider's homepage for more stories. After nearly a decade on the market, the Tesla Model S is getting its first major overhaul. And in predictable Tesla fashion, the changes are causi...
Tags: Trends, Tesla, Panasonic, Lucid, Marques Brownlee, Gene Munster, Teslas, FSD, LG Chem, Edward Niedermeyer, Niedermeyer, Tesla Tesla, Loup Ventures, Ross Gerber, Tim Levin, Partners for Automated Vehicle Education


Churchill Capital Corp IV rockets 20% as rumors of Lucid Motors merger fuel sustained rally

Lucid Air presentation with CEO Peter Rawlinson. MediaNews Group/Bay Area News via Getty Images Shares of Churchill Capital Corp IV jumped some 20% on Monday amid continued optimism for a merger with EV Lucid Motors. Lucid is in talks with the Public Investment Fund of Saudi Arabia to create an EV factory in the country.  The EV manufacturer also recently completed the construction of a 590-acre production facility in Arizona. Sign up here for our daily newsletter, 10 Things Before the Ope...
Tags: Saudi Arabia, Trends, Bloomberg, Arizona, Financial Times, Churchill, Lucid, Jeddah, SPAC, Red Sea, Michael Klein, MicroStrategy, Lucid Motors, Lucid Air, Peter Rawlinson, Casa Grande Arizona


#Saudi Wealth Fund in Talks with Lucid for Car Factory, FT Says - Bloomberg

Saudi Wealth Fund in Talks with Lucid for Car Factory, FT Says - Bloomberg Lucid Motors Inc. is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory in the kingdom, the Financial Times reported, citing an interview with the fund’s governor, Yasir Al-Rumayyan.Bloomberg reported earlier this month that Lucid is in talks with the kingdom’s Public Investment Fund to build a factory potentially near the Red Sea city of Jeddah. The company raised more than $1 billion...
Tags: Travel, Saudi Arabia, Softbank, Bloomberg, Financial Times, Pif, Lucid, Jeddah, Saudi Aramco, Red Sea, Rupert Neil Bumfrey, Public Investment Fund, Al Rumayyan, Bloomberg Lucid Motors Inc, Yasir Al Rumayyan Bloomberg


Diamondback DBX – The Ultimate 5.7mm Firearm ~ VIDEO

U.S.A. -(AmmoLand.com)- Full disclosure, I've been a naysayer of 5.7x28mm firearms like the Diamondback DBX for years. To be honest, I never saw the appeal of the round – it seemed like an over-priced 22 Magnum. But the round's lightweight design and ultra-fast velocity did pique my interest when last year's SHOT Show saw the release of several new guns in the caliber. The majority of them seemed to play it very safe with their guns, with most being modifications of existing designs. But one ...
Tags: Guns, Nato, Gear, Nikon, South Carolina, Lucid, Jim, Walther, Kimberly, FN, MPL, Jim Grant, Diamondback, DBX, Arca Swiss Rail, Jim Grant Jim


Churchill Capital Corp IV has surged 70% in just 4 days amid Lucid Motors merger talks

Lucid Air. Lucid Churchill Capital Corp IV is continuing its meteoric rise on Thursday, with shares surging roughly 9% before paring some gains. The SPAC's market cap now pushes $4 billion after shares shot up over 70% in the last four days. Former Citigroup man Michael Klein may have found a winning partner in EV maker Lucid Motors. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Churchill Capital Corp IV is continuing its meteoric rise on Thursday. Shares hav...
Tags: Trends, Markets, Tesla, Shanghai, Citigroup, SEC, Stocks, Stock Market, EVs, Lucid, Faraday Future, Ev, SPAC, AT T Inc, DirecTV, Michael Klein


Churchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC

Electric vehicle charging. Jackyenjoyphotography/Getty Images Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021. Sign up here our daily newsletter, 10 Things Before the Opening Bell. Share...
Tags: Trends, Tesla, Fidelity, Goldman Sachs, Air, Lucid, SPAC, Michael Klein, Klein, Newark California, NIO, Lucid Motors, Bloomberg Read, Public Investment Fund of Saudi Arabia, Will Daniel, Churchill Capital Corp


#Saudi-Backed Lucid in Talks for Electric Car Factory Near Jeddah - Bloomberg

Saudi-Backed Lucid in Talks for Electric Car Factory Near Jeddah - Bloomberg Lucid Air   Photographer: David Paul Morris/Bloomberg Lucid Motors Inc. is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory potentially near the Red Sea city of Jeddah, according to people familiar with the matter.The move would mark a significant expansion for Newark, California-based Lucid. Saudi Arabia is trying to become a Middle Eastern hub for manufacturin...
Tags: Travel, Saudi Arabia, Tesla, Pif, Lucid, Jeddah, Red Sea, Newark California, King Abdullah Economic City, Rupert Neil Bumfrey, Public Investment Fund, Peter Rawlinson, Elon Musk 's Tesla Inc, David Paul Morris Bloomberg Lucid Motors Inc, Lucid Saudi Arabia


From Tesla's wildest Model S yet to GMC's new Hummer, these are the 14 coolest upcoming EVs set to hit the road in 2021

The Lucid Air will take direct aim at the Tesla Model S when deliveries start next year. Lucid 2020 was a massive year for electric vehicles, but 2021 may be even better.  Battery-powered pickups, SUVs, luxury sedans, and more — ranging from around $40,000 into the  six figures — will hit US roads by the end of 2021.  Over the next year, upstarts like Rivian, Bollinger, and Lucid are set to deliver their debut vehicles, while established brands like Mercedes-Benz, GMC, and Volkswagen will ...
Tags: Transportation, Elon Musk, Cars, US, Trends, Tesla, Porsche, Ford, Electric Vehicles, Auto Industry, Autos, Epa, Bmw, Volkswagen, Audi, Nissan


Apple would have 5 key advantages in building a car, according to Wall Street analysts. The real question is who will actually build it.

Apple's nearly $200 billion in cash on hand could be a massive help in getting its EV project off the ground, Wall Street analysts said. Karl Mondon/Digital First Media/The Mercury News via Getty Images Apple plans to build an electric, self-driving vehicle for consumers by 2024, Reuters reported Monday. Wall Street analysts from Morgan Stanley and RBC Capital Markets think Apple has several key attributes that could set it up for a successful vehicle launch.  The company's strong bran...
Tags: Apple, Amazon, Transportation, News, US, Trends, Tesla, Electric Vehicles, Auto Industry, Autonomous Vehicles, Jeff Bezos, Morgan Stanley, Foxconn, Jonas, Lucid, Reuters