Revisiting Ouster Stock After the Velodyne Merger

June 24. 2023. 6 mins read

One sure sign that we’re in the midst of a market rally is that Nanalyze subscriptions are selling like hotcakes. While that’s partly thanks to the popularity of our Nanalyze YouTube channel, retail investors are more likely to invest in trustworthy investment tools when the market is hot rather than when it is not. Of course, the recovery has been uneven among tech stocks, particularly ones that went public through special purpose acquisition companies (SPACs). For instance, just 3% of the nearly 200 companies that merged with blank-check firms in 2021 are trading above their original $10 price, according to Renaissance Capital (via Fortune). 

While SPACs opened up entire technology sectors like NewSpace to retail investors, few retail investors have benefited from these deals. As we discussed at the end of last year, space stocks have crashed hard. SPAC mergers also helped launch eight different LiDAR stocks into the public markets in just a couple of years, with predictable results:

CompanyTickerPrice (3/25/22)Price (6/21/23)Market Cap
Luminar Technologies

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