post_id
string | comment_id
string | comment
string | comment_score
float64 | comment_author
string | comment_created_utc
float64 | post_title
string | post_text
string | post_score
float64 | post_author
string | post_created_utc
float64 | company
string | subreddit
string | post_url
string |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
mgwe3h
|
gsvioio
|
Translation: "I own FTOC and CCIV, am upset with their price action, and would like to promote them"
| 127 |
redditcatchingup
| 1,617,159,520 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gswa4kx
|
I would chime in and say I think GHIV/Matterport IS a great company, I’ve used their software myself and am very impressed and there subscription pricing model is a winner for repeat revenue from customers. I believe MeetKevin used the software for his real estate stuff so maybe he just likes the stock too rather than pumping it ?
| 10 |
TheAshFactor
| 1,617,180,364 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvkchp
|
Couldn't agree more and im generally disagreeable. But this is a good abstract explanation for the SPAC market.
| 29 |
Slyx37
| 1,617,160,510 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvnuhb
|
As someone with 125k worth of frx, I support this post
| 24 |
Ackilles
| 1,617,162,692 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvjyed
|
Yeah I don’t think he’s a bagholder, these are some pretty strong points. I’d also add that SPACs rn are trading largely as a group, or it seems that way to me. You get individual small pops on DAs and stuff, but the broader theme is the market is kinda tossing the baby out with the bath water with respect to SPACs. I think some of these deals are kinda ridiculous, but I do think once things settle down and there’s not a daily new spac promoted by a celebrity or some shit
(Kardashian Acquisition Corp, Ticker: $AZZ, anyone?) the market will right itself and start looking at each deal independently again
| 31 |
Flaky_Section
| 1,617,160,274 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gswfptv
|
Curious about you thoughts on APXT and BFT
| 6 |
delpieroregna
| 1,617,186,156 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvp8pn
|
Ftoc needs to enter crypto Market to survive and compete with PayPal
| 10 |
Kotaibaw
| 1,617,163,593 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gswtv6p
|
"Don't get me wrong, QS is a great company, however, the valuations were insane."
I agree with the valuations being insane, but how is QS a great company? They hope to have a product in 5 years?
| 5 |
Rush_Is_Right
| 1,617,196,597 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvu8ae
|
Your post started out interesting and then it became apparent you're bag holding FTOC and FRX (not hating on that, I have a position in both). And then you really lost me when you tried to claim Beachbody is a better investment than Matterport, and credited a YouTuber for GHIV's popularity.
| 12 |
tonysw44
| 1,617,167,158 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvivy1
|
To add further on this, take a look at FST. Tilman Fertitta is unloading all his assets at $6B valuations, when the pandemic completely destroyed his hotels & restaurants.
Yet FST is trading at 12.37?
These are the type of stocks that belong under $10. The growth companies shall be valued differently.
The media is also saying, SPAC's have performed poorly over the last 10 years. Yet, only 200 or 250 or so spac's were done. I'm sure if we look into them, most weren't growth companies with good business models. You can't compare 1 company to another and just place them in a "SPAC" market.
You need to individually research each company.
| 10 |
adamans232
| 1,617,159,638 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvnzb6
|
Well I'm hoping $FRX gets to at least 50 dollars per share.
| 8 |
MrAwesomeTG
| 1,617,162,781 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvldgn
|
Dude your bags must be heavy its obvious your pumping your FSR trash. I like how you bash the other position with ridiculous claims. CCIV....."they allowed the PIPE to buy in at $15 and even came out came out selling it as a 24 valuation" what you rather have them buy in at $10 like every other spac PIPE? Also the PIPE was a 24 billion valuation for them. What the heck are you talking about.
| 17 |
jxpeet
| 1,617,161,129 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsvsgl6
|
FRX is a ShitCo and is it even worth debate? I’d be willing to bet my life they don’t meet their financial projections. GHVI is SaaS with incredible metrics so it’s valued like one.
| 10 |
goldenshovelburial
| 1,617,165,818 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
mgwe3h
|
gsw14up
|
I have a **lot** of FRX and FTOC, so thanks for confirming my bias!
| 5 |
unrealizedmillions
| 1,617,172,370 |
SPACS - The Media Has It All Wrong - I'm here to teach you.
|
The media has created massive panic in the SPAC market.
How did it start?
* Chamath - First off, Chamath has a history of being able to get into an SPAC pre DA and convert it into a definitive agreement within 30 days - 180 days. However, the companies he was buying were overvalued companies to begin with. For example, when you read CLOV's valuation predicitions (which SPAC's usually have ridicilous EBITDA projections). CLOV had a $4B valuation and was barley making any money EVEN in 2025.
* When we analyze Chamath's SPAC's especially CLOV, we must consider CLOV is not a high growth "sexy" company. It's in healthcare. Therefore, even at $10, this was overvalued. You had famous twitter pumpers like (MrZackMorris) who were pumping it when it was $IPOC.
* Why? He was able to get in at 10.20. With over 450,000 people following him, this instantly sent IPOC to $11, even though it traded under 10.5 for 3-6 months.
Next: CCIV
* CCIV was originally supposed to go public at a $15B valuation at $10. At it's peak it was worth about $90B at $60. However, anyone who understood SPAC's realized, CCIV doesn't even have a definitive agreement yet. As soon as it was released, they allowed PIPE investors to buy in at $15 a share and even came out selling it at valuations of $24B.
* What happened? Uneducated SPAC investors bought in, thinking it was this $300M company or even some thinking it was this $15B company, and there was no agreement even in place.
Even before all this: QS
* QS was at some point valued at $120 giving it a $45-50B valuation. Don't get me wrong, QS is a great company, however, the valuations were insane.
If we dig even deeper, some of these stocks shouldn't even be traded. For example, TSIA is another one of Chamath's spacs. It does smart home and sensors. Unproven model and yet it's valued at $1.5B. As soon as it was released the premium rose to $2.25B at a $15 share price.
To compare it in the industry, even Amazon's Ring was bought for $1B after they had proven themselves.
What I've noticed?
* Some of the best SPAC's are actually not rising.
* FTOC for example: It's current valuation at $10 is $3B. However, ask any freelancer overseas, everyone has heard of Payoneer. PayPal is valued at $300B. (Paypal is undervalued and will one day be a trillion dollar company, they process almost every payment online).
* But see here, the point is, if Payoneer was to prove themselves, it could have a 100X return, and it's a tech "sexy" type company. With more cash liquidity, they can bring on new advertising, more sales teams, and actually deliver on growth.
* Plus, once this finally gets stopped looking as an "Spac" and the market realizes it's Payoneer, the growth will come even if it does not before trading.
My next case? FRX
* We already know Beachbody has 3 million digital subscribers. High level disney executives, like Disney's chief technology officer is on the board promoting it. Ex TikTok CEO is promoting it. They even bought one of Lebron James company.
* Why is FRX low? Because the media caused panic. They said don't buy into celebrity stocks. Well, first off media, listen here, Lebron James recieved shares for his company getting bought out by BeachBody. Now your telling me the EX TikTok CEO and the Ex Disney Executives, have 0 clue what they are doing?
* In this case, revenue projections won't matter. Why? It's valued as a tech company. For example, FRX will be the Peloton of the masses. It does about half the revenue $PTON does, but PTON is valued at 10 times the amount. Once this is publicy traded, investors will realize this. FRX if valued like PTON belongs at $50 a share. Of course, the branding isn't the same, but do you understand my point? Why is a good company with a good valuation being traded at 10.10 and then another company like GHVI with super high valuations being traded at $13?
* Why is GHVI being traded higher? Because a youtuber by the name of Meet Kevin is in it. He can convince his millions of viewers, GHVI is a great stock.
Also, the media has portrayed Chamath as being the bust? But, if you look at some of his companies, for example, SPRQ, Sunlight Financial, they process almost every solar deal in America. Call up any solar company and ask if they use sunlight financial, almost everyone will say yes we do.
Then, the media wants to act like companies with 0 revenue will be complete busts. Actually, if you think deeply on it, Henrik Fisker has more on the line here to prove, then Michael Klein does. Fisker is looking to create a national car. Do I like the stock? Not really, he has a bad business model. He wants to sell everyone cars on leases, which doesn't make it a $10-20B company. But, the point here is, a person taking 100's of companies public, versus the guy with an unproven track record, may actually be worse. The solo entrepreneur may have better chances at succeeding because it's the 1 company he is focusing on.
Our only option is to educate each other on why certain companies are good and certain companies will be busts. Going forward, SPAC's that are good companies will succeed and the companies with bad fundamentals, will fail. **We can't treat them all the same.**
**Do you see where I'm getting at? The companies with actual business models, cheap valuations, aren't the ones running. Yet, the companies with high valuations continue to rise. Then, the media comes out and places all these stocks together in a category called SPACs and treats them like they aren't real companies.**
​
\*A few of these numbers were rough estimates, so don't slaughter me if I'm wrong\*
| 182 |
adamans232
| 1,617,158,671 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/mgwe3h/spacs_the_media_has_it_all_wrong_im_here_to_teach/
|
m5n10h
|
gr0s736
|
Holy shit, that's massive. So amazon aren't just prototyping but actively ordering hundreds of trucks?
| 10 |
orion4321
| 1,615,822,289 |
Awesome partnership between Lion ($NGA) and Canadian Government
|
Link to the today conference (in French and English) : [https://www.facebook.com/FrancoisLegaultPremierMinistre/videos/2872337466368638](https://www.facebook.com/FrancoisLegaultPremierMinistre/videos/2872337466368638)
**Highlights**
* 650 trucks will be build this year for Amazon and Canadian National. In 2023, 2 500 trucks will be built for those companies.
* Lion Electric will receive 100 million from Federal (50M) and Provincial (50M) Government to built their batteries Factory + Innovation Center.
* 135 new jobs will be create in this new factory.
* Lion will invest 10M in R&D.
* Lion will be able from 2023 to produce one battery module every 11 seconds and a full battery pack every 5 minutes.
* Lion will be able to electrify 14 000 vehicles annually.
​
\*Disclaimer : Owning 500 shares of NGA
| 52 |
Mormolin
| 1,615,821,716 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m5n10h/awesome_partnership_between_lion_nga_and_canadian/
|
m2v8t1
|
gqn6675
|
IonQ was founded in 2015 with a 2 million dollar investment. In 2017 they raised 20M with a series B. Now in 2021 the pro forma market cap is going to be roughly 2 BILLION!
2 million to 2 billion in six years.
IonQ might be a great company one day but the valuations on some of these SPACs are crazy inflated.
I wanted to buy into this as a first mover on the market into quantum computing but I can’t get past the valuation.
| 10 |
TagTeamChamp72
| 1,615,513,587 |
$DMYI IonQ (Quantum Computing)
|
Notable investors in IonQ include: Google Ventures (GV), Lockheed Martin, Bosch, Hewlett Packard Enterprise,Amazon.com, Inc (AWS), Samsung, Airbus, Hyundai and Kia and also Bill Gates and Michael Dell led the PIPE $DMYI
| 31 |
Competitive-Whole851
| 1,615,482,713 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m2v8t1/dmyi_ionq_quantum_computing/
|
m2v8t1
|
gqngoam
|
Gates and Dell have so much money that they don’t care if this investment is a loss. They are interested in supporting science that could help the world and future generations. I look at their investment here as a donation that might give them returns some day.
That said, the names and companies on this list seem to legitimize IonQ for those of us who no nothing.
| 7 |
EsterPhenol
| 1,615,519,185 |
$DMYI IonQ (Quantum Computing)
|
Notable investors in IonQ include: Google Ventures (GV), Lockheed Martin, Bosch, Hewlett Packard Enterprise,Amazon.com, Inc (AWS), Samsung, Airbus, Hyundai and Kia and also Bill Gates and Michael Dell led the PIPE $DMYI
| 31 |
Competitive-Whole851
| 1,615,482,713 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m2v8t1/dmyi_ionq_quantum_computing/
|
m2v8t1
|
gqnt1yp
|
I recommend people who criticize IonQ to do some research on quantum computing progress specifically IonQ’s breakthrough progress during the recent years (not a decade ago). No, they are not pre-revenue as direct partners from many Industries are already testing their 5th generation system through the clouds of Amazon and Microsoft. No, it’s not going to take them 10 years, let alone 5 years for meaningful commercial adoption. They expect that to happen once they complete their 6th generation system by 2023. And yes, they are wayyyy ahead of everyone else in quantum computing race.
| 9 |
Sensei071
| 1,615,526,754 |
$DMYI IonQ (Quantum Computing)
|
Notable investors in IonQ include: Google Ventures (GV), Lockheed Martin, Bosch, Hewlett Packard Enterprise,Amazon.com, Inc (AWS), Samsung, Airbus, Hyundai and Kia and also Bill Gates and Michael Dell led the PIPE $DMYI
| 31 |
Competitive-Whole851
| 1,615,482,713 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m2v8t1/dmyi_ionq_quantum_computing/
|
m2v8t1
|
gqlqvl6
|
[https://www.youtube.com/watch?v=-NEQMCqS30I](https://www.youtube.com/watch?v=-NEQMCqS30I)
Benzinga interview with Niccolo de Masi on DMYI recent merger with IonQ
worth to watch
| 6 |
Whiteork
| 1,615,489,133 |
$DMYI IonQ (Quantum Computing)
|
Notable investors in IonQ include: Google Ventures (GV), Lockheed Martin, Bosch, Hewlett Packard Enterprise,Amazon.com, Inc (AWS), Samsung, Airbus, Hyundai and Kia and also Bill Gates and Michael Dell led the PIPE $DMYI
| 31 |
Competitive-Whole851
| 1,615,482,713 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m2v8t1/dmyi_ionq_quantum_computing/
|
m22j5n
|
gqiegcd
|
Great write up and great post! I too am very bullish on Payoneer and I’m holding 8,000 commons myself. At this price I think it’s a no brainer.
| 16 |
FUPeiMe
| 1,615,420,983 |
Payoneer $FTOC is worth $5 or $35. Very misunderstood business and underestimated growth prospects.
|
DISCLOSURE I own 10,000 SHARES of $FTOC may add more or the warrants in the future if price continues to decline.
The 1 sentence conclusion is that at $11 a share $FTOC seems to provide a good risk/reward. Below I provide a more detailed explanation, the real version would take me 20 pages but this version is for THE REDDITORS!!!
So, in the past here I have posted about $COTY and $APPH but what many of you may not know about me is that I have been involved in the digital coin and payments space for the past 5 years and have been using Payoneer for years to pay contractors. Nevertheless, Payoneer is more than that. I understand that at first glance it looks like just another Paypal which is fine because PayPal has been growing and is profitable, even though it took a bit of a hiatus once it was owned by EBAY (Ebay was right to buy them but wrong to not let them grow freely as they could after the spin-off).
Anyway, I see so many possibilities for Payoneer that I think many are not being considering at all. Not only is the business going to be growing at LEAST 25% for the next few years but I think it can expand 35% to 50% per year for the next 3 to 5 given the massive shift of online transactions but also new services. To simplify, adding more services to cater their current customers helps them bring in new customers which nets them more revenues and profits.
The issue with Payoneer has been that they never had enough capital to grow or to provide their customers more. It takes a long time to build a really robust and safe payments platform. Payoneer has been around for more than 10 years and it took a lot of capital and development hours to get to where they are today. The business was limited to transactional growth which is fine but when that is like a profit of like 0.5% (as most goes to the credit card companies or banks) it is hard to grow or ever be profitable. So, Payoneer for years has been in this stunted growth because of lack of capital or because they are in markets that were “high risk”, like not being in the USA vs. being in the Ukraine.
I think there are many reasons they did a SPAC and if I were to top it off it is because they failed to do an IPO a long time ago, capital is expensive via private transactions and it would never be enough. So, yes they could have done raises of $50mm every year but in this type of industry when you have so many competitors who have tens of billions of revenues and hundreds of billions of transaction volume you need a lot more to be able to compete. $500 million makes you a pretty major player in the game vs. struggling with small raises. Definitely not ideal for shareholders but in the long-term it is the best way to assure your business can compete at the very least survive.
When I usually look into these stock ideas or analysis I go through a process but here on REDDIT I feel I need to provide a sort of cliffs notes because I can really go into a deep dive analysis of like 10 to 20 pages to really understand the entire business, how it makes or loses money. So I will to the best of my ability be concise but deep with my knowledge of the business.
Business model
Here are all of the products that Payoneer offers its customers.
Global Payments, Multi-currency account, physical and virtual cards, B2B accounts payable and accounts receivable, working capital, merchant services, compliance and tax.
So, it is basically a bank that includes an accountant to help meet a business’ needs. The one product or feature that is missing is digital coins and no doubt they will be offering that soon, if anything they should make that a major priority.
Who are their customers and where are they know?
5 million businesses in 190 countries. Customers include Amazon, Wish, Lazada (owned by Alibaba) Shopee, and Ebay. Weird right, they work with Ebay given Paypal does too. This is because they work with countries and specific clients that Paypal not accept into their platform. Investors need to understand that sometimes people have to use other platforms because they the Paypal’s or banks are NOT willing to take the risk. Sure the risk is probably higher but the amount of people that need access to capital or payment process is high when many banks in many countries do not approve people for such type of access.
What are the growth drivers?
Acquisition in new or existing markets (which drives better margins) and working capital for some of their customers (not all) which is what helps Amazon and Paypal grow their business. When someone makes a transaction say buyer and seller the bank or credit card companies make fees but when both consumer and business use Payoneer exclusively they avoid transaction fees with banks which is why these platforms push or provide discounts for encouraging transactions within the same network vs. out of network. Over time more and more transactions will be within network, just takes more people to be part of the ecosystem.
What are the revenues of the business? Company estimates.
2020 $346mm
*2021 $432 mm
*2022 $540 mm
What do I think actually happens?
2020 $350 to $400mm
2021 $450 to $550mm
2022 $600 to $700mm
Why? Because $500 million of capital allows you to expand faster than before and I think the management has been prudent not to be so aggressive in their esimtates because I don’t think anyone can believe they can so more than 35% a year but I do.
What does that say about valuation?
Well, Paypal at its spin-off inception traded as low as 5x revenue but growing 15% to 20% a year and when it had $11 billion in revenues now it is growing same rate but trading at 15x Revenue. That means that given Payoneer is growing double the rate and 95% smaller they can command a higher multiple but for the sake of being “conservative” let’s use 5x revenue as the TROUGH valuation and 20x revenue as the PEAK.
2020 $346mm Trough is $1.75 billion or $4.60 a share. Peak is $6.92 Billion or $18.21
*2021 $432mm Trough is $2.16 Billion or $5.70 a share. Peak is $8.64 billion which is $22.75 a share.
*2022 $540 mm Tough is $2.70 Billion or $7 a share. Peak is $10.8 Billion or $28 a share.
If you used my estimates it would be the following
2021 $450 to $550mm Trough is $6 or Peak of $29
2022 $600 to $700mm Tough is $7.89 or Peak of $36.84
Given the current price of $11 it becomes a 4 up and 1 down scenario, a good risk/reward bet.
What do I think the future holds for Payoneer?
I actually think there are several exits for this company.
1. Company continues to grow and eventually reach billions or revenue within 5 to 10 years. So many factors and things that can happen since sometimes a 10x of revenue growth does not always mean 10x in stock price, could be -50% (due to massive dilution or debt) or 10,000% (no dilution, growth increasing, becomes a top 5 player). So consider that when you get too enthusiastic about prospects there is always a downside.
2. Large international payments processer buys them. Could be Paypal, Square, Stripe, First Data, etc. consolidation WILL happen in this space and I think short-term Payoneer will acquire some companies and then be sold to a bigger company. Think of this as how banks in the USA were allowed to merge in 1995 given the law that passed. Before you had 100,000 banks then it was 50,000 banks, then 10,000 banks and now like 5,000 banks but the top 10 banks make up a large % of the business/volume.
3. Wildcard: CRM business buys them. What many people do not realize is that CRM’s have been changing the game. First it was to help you sell with marketing tools, then it is to improve communication within the team, then it will be storage, and legal transactions then it will be financial transaction. They are literally going to control the beginning to the end of the customer relationship and all of that data they possess is very valuable to help their customers grow.
Conclusion: $FTOC provides a good risk reward and many ways to play the exit depending on your risk tolerance.
If you like my analysis please share with other people and if you want me to look at a company and provide an analysis like this I can do that for a small fee. Nevertheless, I welcome everyone and anyone here to discuss all of the good and bad about $FTOC because that I love about the Reddit community is how open, transparent and sometimes incredibly funny you all are.
Good luck to every one!
Value Maverick
Source: https://pubs.payoneer.com/docs/investor-presentation.pdf
Gurufocus to view historical financials of Paypal.
| 84 |
ValueMaverick
| 1,615,396,256 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m22j5n/payoneer_ftoc_is_worth_5_or_35_very_misunderstood/
|
m22j5n
|
gqjc23f
|
I get so confused when people throw the Payoneer SPAC in the basket of trash SPACs, it's probably one of the few companies I had heard of before DA, these guys are legit and have been in the space a long time. Every dropshipping or POD supplier I use offers either Paypal, Payoneer, or wire transfer. Good writeup I agree it's got a pretty high floor, good long term warrants play
| 9 |
literallygoated
| 1,615,439,794 |
Payoneer $FTOC is worth $5 or $35. Very misunderstood business and underestimated growth prospects.
|
DISCLOSURE I own 10,000 SHARES of $FTOC may add more or the warrants in the future if price continues to decline.
The 1 sentence conclusion is that at $11 a share $FTOC seems to provide a good risk/reward. Below I provide a more detailed explanation, the real version would take me 20 pages but this version is for THE REDDITORS!!!
So, in the past here I have posted about $COTY and $APPH but what many of you may not know about me is that I have been involved in the digital coin and payments space for the past 5 years and have been using Payoneer for years to pay contractors. Nevertheless, Payoneer is more than that. I understand that at first glance it looks like just another Paypal which is fine because PayPal has been growing and is profitable, even though it took a bit of a hiatus once it was owned by EBAY (Ebay was right to buy them but wrong to not let them grow freely as they could after the spin-off).
Anyway, I see so many possibilities for Payoneer that I think many are not being considering at all. Not only is the business going to be growing at LEAST 25% for the next few years but I think it can expand 35% to 50% per year for the next 3 to 5 given the massive shift of online transactions but also new services. To simplify, adding more services to cater their current customers helps them bring in new customers which nets them more revenues and profits.
The issue with Payoneer has been that they never had enough capital to grow or to provide their customers more. It takes a long time to build a really robust and safe payments platform. Payoneer has been around for more than 10 years and it took a lot of capital and development hours to get to where they are today. The business was limited to transactional growth which is fine but when that is like a profit of like 0.5% (as most goes to the credit card companies or banks) it is hard to grow or ever be profitable. So, Payoneer for years has been in this stunted growth because of lack of capital or because they are in markets that were “high risk”, like not being in the USA vs. being in the Ukraine.
I think there are many reasons they did a SPAC and if I were to top it off it is because they failed to do an IPO a long time ago, capital is expensive via private transactions and it would never be enough. So, yes they could have done raises of $50mm every year but in this type of industry when you have so many competitors who have tens of billions of revenues and hundreds of billions of transaction volume you need a lot more to be able to compete. $500 million makes you a pretty major player in the game vs. struggling with small raises. Definitely not ideal for shareholders but in the long-term it is the best way to assure your business can compete at the very least survive.
When I usually look into these stock ideas or analysis I go through a process but here on REDDIT I feel I need to provide a sort of cliffs notes because I can really go into a deep dive analysis of like 10 to 20 pages to really understand the entire business, how it makes or loses money. So I will to the best of my ability be concise but deep with my knowledge of the business.
Business model
Here are all of the products that Payoneer offers its customers.
Global Payments, Multi-currency account, physical and virtual cards, B2B accounts payable and accounts receivable, working capital, merchant services, compliance and tax.
So, it is basically a bank that includes an accountant to help meet a business’ needs. The one product or feature that is missing is digital coins and no doubt they will be offering that soon, if anything they should make that a major priority.
Who are their customers and where are they know?
5 million businesses in 190 countries. Customers include Amazon, Wish, Lazada (owned by Alibaba) Shopee, and Ebay. Weird right, they work with Ebay given Paypal does too. This is because they work with countries and specific clients that Paypal not accept into their platform. Investors need to understand that sometimes people have to use other platforms because they the Paypal’s or banks are NOT willing to take the risk. Sure the risk is probably higher but the amount of people that need access to capital or payment process is high when many banks in many countries do not approve people for such type of access.
What are the growth drivers?
Acquisition in new or existing markets (which drives better margins) and working capital for some of their customers (not all) which is what helps Amazon and Paypal grow their business. When someone makes a transaction say buyer and seller the bank or credit card companies make fees but when both consumer and business use Payoneer exclusively they avoid transaction fees with banks which is why these platforms push or provide discounts for encouraging transactions within the same network vs. out of network. Over time more and more transactions will be within network, just takes more people to be part of the ecosystem.
What are the revenues of the business? Company estimates.
2020 $346mm
*2021 $432 mm
*2022 $540 mm
What do I think actually happens?
2020 $350 to $400mm
2021 $450 to $550mm
2022 $600 to $700mm
Why? Because $500 million of capital allows you to expand faster than before and I think the management has been prudent not to be so aggressive in their esimtates because I don’t think anyone can believe they can so more than 35% a year but I do.
What does that say about valuation?
Well, Paypal at its spin-off inception traded as low as 5x revenue but growing 15% to 20% a year and when it had $11 billion in revenues now it is growing same rate but trading at 15x Revenue. That means that given Payoneer is growing double the rate and 95% smaller they can command a higher multiple but for the sake of being “conservative” let’s use 5x revenue as the TROUGH valuation and 20x revenue as the PEAK.
2020 $346mm Trough is $1.75 billion or $4.60 a share. Peak is $6.92 Billion or $18.21
*2021 $432mm Trough is $2.16 Billion or $5.70 a share. Peak is $8.64 billion which is $22.75 a share.
*2022 $540 mm Tough is $2.70 Billion or $7 a share. Peak is $10.8 Billion or $28 a share.
If you used my estimates it would be the following
2021 $450 to $550mm Trough is $6 or Peak of $29
2022 $600 to $700mm Tough is $7.89 or Peak of $36.84
Given the current price of $11 it becomes a 4 up and 1 down scenario, a good risk/reward bet.
What do I think the future holds for Payoneer?
I actually think there are several exits for this company.
1. Company continues to grow and eventually reach billions or revenue within 5 to 10 years. So many factors and things that can happen since sometimes a 10x of revenue growth does not always mean 10x in stock price, could be -50% (due to massive dilution or debt) or 10,000% (no dilution, growth increasing, becomes a top 5 player). So consider that when you get too enthusiastic about prospects there is always a downside.
2. Large international payments processer buys them. Could be Paypal, Square, Stripe, First Data, etc. consolidation WILL happen in this space and I think short-term Payoneer will acquire some companies and then be sold to a bigger company. Think of this as how banks in the USA were allowed to merge in 1995 given the law that passed. Before you had 100,000 banks then it was 50,000 banks, then 10,000 banks and now like 5,000 banks but the top 10 banks make up a large % of the business/volume.
3. Wildcard: CRM business buys them. What many people do not realize is that CRM’s have been changing the game. First it was to help you sell with marketing tools, then it is to improve communication within the team, then it will be storage, and legal transactions then it will be financial transaction. They are literally going to control the beginning to the end of the customer relationship and all of that data they possess is very valuable to help their customers grow.
Conclusion: $FTOC provides a good risk reward and many ways to play the exit depending on your risk tolerance.
If you like my analysis please share with other people and if you want me to look at a company and provide an analysis like this I can do that for a small fee. Nevertheless, I welcome everyone and anyone here to discuss all of the good and bad about $FTOC because that I love about the Reddit community is how open, transparent and sometimes incredibly funny you all are.
Good luck to every one!
Value Maverick
Source: https://pubs.payoneer.com/docs/investor-presentation.pdf
Gurufocus to view historical financials of Paypal.
| 84 |
ValueMaverick
| 1,615,396,256 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m22j5n/payoneer_ftoc_is_worth_5_or_35_very_misunderstood/
|
m22j5n
|
gqifyzy
|
Very nice. Will add (am deep with 5k Commons) on negative side I am puzzled by their profitability at Gross Margins in excess of 85% their spend in GA (I will be ok with more spend in Sales) is very high either they are doing a lot of manual work or classifying some of COGS in GA either ways not a good sign.
Secondly they are trying to verticalize their service eg Cash Management etc - I personally think that’s tough to execute globally I would rather they look at doing end-to-end payment processing.
On positive side I do believe they can get acquired by SF or MSFT (dynamics) or a global player.
I am holding as I see this as a long term great returns .... but early Profitability has to be executed so here’s hoping they are able to do that along with Customer Expansion
| 6 |
Turbulent_Bit8683
| 1,615,421,793 |
Payoneer $FTOC is worth $5 or $35. Very misunderstood business and underestimated growth prospects.
|
DISCLOSURE I own 10,000 SHARES of $FTOC may add more or the warrants in the future if price continues to decline.
The 1 sentence conclusion is that at $11 a share $FTOC seems to provide a good risk/reward. Below I provide a more detailed explanation, the real version would take me 20 pages but this version is for THE REDDITORS!!!
So, in the past here I have posted about $COTY and $APPH but what many of you may not know about me is that I have been involved in the digital coin and payments space for the past 5 years and have been using Payoneer for years to pay contractors. Nevertheless, Payoneer is more than that. I understand that at first glance it looks like just another Paypal which is fine because PayPal has been growing and is profitable, even though it took a bit of a hiatus once it was owned by EBAY (Ebay was right to buy them but wrong to not let them grow freely as they could after the spin-off).
Anyway, I see so many possibilities for Payoneer that I think many are not being considering at all. Not only is the business going to be growing at LEAST 25% for the next few years but I think it can expand 35% to 50% per year for the next 3 to 5 given the massive shift of online transactions but also new services. To simplify, adding more services to cater their current customers helps them bring in new customers which nets them more revenues and profits.
The issue with Payoneer has been that they never had enough capital to grow or to provide their customers more. It takes a long time to build a really robust and safe payments platform. Payoneer has been around for more than 10 years and it took a lot of capital and development hours to get to where they are today. The business was limited to transactional growth which is fine but when that is like a profit of like 0.5% (as most goes to the credit card companies or banks) it is hard to grow or ever be profitable. So, Payoneer for years has been in this stunted growth because of lack of capital or because they are in markets that were “high risk”, like not being in the USA vs. being in the Ukraine.
I think there are many reasons they did a SPAC and if I were to top it off it is because they failed to do an IPO a long time ago, capital is expensive via private transactions and it would never be enough. So, yes they could have done raises of $50mm every year but in this type of industry when you have so many competitors who have tens of billions of revenues and hundreds of billions of transaction volume you need a lot more to be able to compete. $500 million makes you a pretty major player in the game vs. struggling with small raises. Definitely not ideal for shareholders but in the long-term it is the best way to assure your business can compete at the very least survive.
When I usually look into these stock ideas or analysis I go through a process but here on REDDIT I feel I need to provide a sort of cliffs notes because I can really go into a deep dive analysis of like 10 to 20 pages to really understand the entire business, how it makes or loses money. So I will to the best of my ability be concise but deep with my knowledge of the business.
Business model
Here are all of the products that Payoneer offers its customers.
Global Payments, Multi-currency account, physical and virtual cards, B2B accounts payable and accounts receivable, working capital, merchant services, compliance and tax.
So, it is basically a bank that includes an accountant to help meet a business’ needs. The one product or feature that is missing is digital coins and no doubt they will be offering that soon, if anything they should make that a major priority.
Who are their customers and where are they know?
5 million businesses in 190 countries. Customers include Amazon, Wish, Lazada (owned by Alibaba) Shopee, and Ebay. Weird right, they work with Ebay given Paypal does too. This is because they work with countries and specific clients that Paypal not accept into their platform. Investors need to understand that sometimes people have to use other platforms because they the Paypal’s or banks are NOT willing to take the risk. Sure the risk is probably higher but the amount of people that need access to capital or payment process is high when many banks in many countries do not approve people for such type of access.
What are the growth drivers?
Acquisition in new or existing markets (which drives better margins) and working capital for some of their customers (not all) which is what helps Amazon and Paypal grow their business. When someone makes a transaction say buyer and seller the bank or credit card companies make fees but when both consumer and business use Payoneer exclusively they avoid transaction fees with banks which is why these platforms push or provide discounts for encouraging transactions within the same network vs. out of network. Over time more and more transactions will be within network, just takes more people to be part of the ecosystem.
What are the revenues of the business? Company estimates.
2020 $346mm
*2021 $432 mm
*2022 $540 mm
What do I think actually happens?
2020 $350 to $400mm
2021 $450 to $550mm
2022 $600 to $700mm
Why? Because $500 million of capital allows you to expand faster than before and I think the management has been prudent not to be so aggressive in their esimtates because I don’t think anyone can believe they can so more than 35% a year but I do.
What does that say about valuation?
Well, Paypal at its spin-off inception traded as low as 5x revenue but growing 15% to 20% a year and when it had $11 billion in revenues now it is growing same rate but trading at 15x Revenue. That means that given Payoneer is growing double the rate and 95% smaller they can command a higher multiple but for the sake of being “conservative” let’s use 5x revenue as the TROUGH valuation and 20x revenue as the PEAK.
2020 $346mm Trough is $1.75 billion or $4.60 a share. Peak is $6.92 Billion or $18.21
*2021 $432mm Trough is $2.16 Billion or $5.70 a share. Peak is $8.64 billion which is $22.75 a share.
*2022 $540 mm Tough is $2.70 Billion or $7 a share. Peak is $10.8 Billion or $28 a share.
If you used my estimates it would be the following
2021 $450 to $550mm Trough is $6 or Peak of $29
2022 $600 to $700mm Tough is $7.89 or Peak of $36.84
Given the current price of $11 it becomes a 4 up and 1 down scenario, a good risk/reward bet.
What do I think the future holds for Payoneer?
I actually think there are several exits for this company.
1. Company continues to grow and eventually reach billions or revenue within 5 to 10 years. So many factors and things that can happen since sometimes a 10x of revenue growth does not always mean 10x in stock price, could be -50% (due to massive dilution or debt) or 10,000% (no dilution, growth increasing, becomes a top 5 player). So consider that when you get too enthusiastic about prospects there is always a downside.
2. Large international payments processer buys them. Could be Paypal, Square, Stripe, First Data, etc. consolidation WILL happen in this space and I think short-term Payoneer will acquire some companies and then be sold to a bigger company. Think of this as how banks in the USA were allowed to merge in 1995 given the law that passed. Before you had 100,000 banks then it was 50,000 banks, then 10,000 banks and now like 5,000 banks but the top 10 banks make up a large % of the business/volume.
3. Wildcard: CRM business buys them. What many people do not realize is that CRM’s have been changing the game. First it was to help you sell with marketing tools, then it is to improve communication within the team, then it will be storage, and legal transactions then it will be financial transaction. They are literally going to control the beginning to the end of the customer relationship and all of that data they possess is very valuable to help their customers grow.
Conclusion: $FTOC provides a good risk reward and many ways to play the exit depending on your risk tolerance.
If you like my analysis please share with other people and if you want me to look at a company and provide an analysis like this I can do that for a small fee. Nevertheless, I welcome everyone and anyone here to discuss all of the good and bad about $FTOC because that I love about the Reddit community is how open, transparent and sometimes incredibly funny you all are.
Good luck to every one!
Value Maverick
Source: https://pubs.payoneer.com/docs/investor-presentation.pdf
Gurufocus to view historical financials of Paypal.
| 84 |
ValueMaverick
| 1,615,396,256 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/m22j5n/payoneer_ftoc_is_worth_5_or_35_very_misunderstood/
|
lykp1h
|
gptav97
|
also to back probability today next DMI spac started trading. DMYQ.U
| 6 |
Whiteork
| 1,614,976,401 |
DA for DMYI/IonQ might be coming very soon.
|
Quantum computing is (very likely) coming to the SPAC community very soon.
The recent Bloomberg article by Gillian Tan stated that IonQ is in advanced talks to merge with blank-check company DMYI.
According to the article, the combined company is expected to worth about $2 bil and a deal is set to be announced in coming weeks.
Silver Lake, MSD Partners, Bill Gates’s Breakthrough Energy and an affiliate of Hyundai Motor Co. are in talks to participate in a PIPE. DMY is also discussing to raise additional / new equity from strategic and institutional investors (around $300 mil).
This SPAC is led by Chairman Harry You and Chief Executive Officer Niccolo De Masi. Original capital raised for the SPAC was $300 mil.
IonQ was founded in 2015 and its existing investors include Amazon Web Services, Samsung Catalyst Fund, GV (formerly known as Google Ventures), NEA, Lockheed Martin Corp., Airbus Ventures and Robert Bosch Venture Capital GmbH. IonQ in October unveiled what it describes as the world’s most powerful quantum computer.
Here is the full article of the rumor:
https://www.bloomberg.com/news/articles/2021-02-24/ionq-said-in-talks-to-go-public-through-merger-with-dmy-spac
Alright. I understand the news aren’t actually recent. But I wanted to give my analysis on why I’m bullish on the reliability of this rumor and the target:
Gillian Tan is a well respected Bloomberg reporter who has been known to be highly reliable on SPAC rumors. Her accuracy rate is over 90% and for the few ones she got wrong she could not verify valuation, PIPE details , and/or announcement timetable. For the few ones she got wrong, the merger was also only in talks.
For DMYI, the merger with IonQ is in advanced talks. Gillian was also able to disclose both valuation and PIPE details along with announcement timetable. We shouldn’t be hasty on DA announcement. Recent market correction might actually be a good opportunity for re-negotiation on the valuation in favor of retail before possible DA announcement.
As far as quantum computing goes, it’s a high risks/high rewards play. But IonQ has been progressing quite rapidly in their developments and they are not exactly pre-revenue as some people claimed them to be. They offer direct partners with access to test the beta version of their quantum computing system as they have done so for the latest beta version in Q1 this year.
IonQ has monster backings from Bill Gate, Amazon AWS, Google Ventures, Airbus, Lockheed Martin, Samsung, etc. as mentioned above. If the smartest guys in the room believe in the potentials of quantum computing, it ain’t a bad idea for you to consider joining especially joining early.
Obviously there is always a slim chance of the deal not falling through. I’m not a financial advisor. Do your DD and make your own judgement.
| 16 |
Sensei071
| 1,614,974,954 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lykp1h/da_for_dmyiionq_might_be_coming_very_soon/
|
lxj3tf
|
gpnflpv
|
Bag holders assemble!
Snpr
Psth
Altu
Haac
| 30 |
updownup7
| 1,614,864,790 |
[Analysis] What is the inherent value of a SPAC? (And why you should always trade on conviction)
|
**“If you can’t stand to hold a stock for 10 years, you shouldn’t hold it for 10 minutes” - Warren Buffett**
*Disclaimer: I’m just a hobby trader and this is my first DD/contribution post so I’m open to any constructive feedback. Please do not take any of this as investment advice. I'm not a financial advisor and all users should complete their own due diligence.*
There's a lot of FUD out there as everyone's accounts are showing red lately. And although I'm not surprised to see discussion about it, I am surprised to see so many threads with panic selling and people otherwise losing their minds in what has [typically] been a sub with fairly knowledgable and somewhat experienced traders. So hopefully this analysis on the fundamental worth of highly speculative merger securities investing is helpful to both the experienced traders who are adapting to the new SPAC patterns and market conditions, as well as those newer investors who are scared to see so much red every day.
*Note: I had started this analysis a few weeks ago when things were really good, so I like to think the intent of this thread carries some objectivity despite what has turned into a lot of questioning and fear lately about what SPACs are and what they should be doing for us.*
#**THESIS:**
In comparison to direct listings and traditional IPO’s, SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time.
#**BACKGROUND:**
Special Purpose Acquisition Companies are not new but have grown in popularity recently. They effectively create an avenue for companies to publicly trade while avoiding the often long and arduous timeline (and paperwork) involved with traditional IPO listings. Modern SPACs are structured in such a way that there is uncapped upside for early retail investors, a capped downside (potentially at parity, or even at a profit[!!!] for SPACs trading below NAV) as well as derivatives (warrants and options) that can be highly valuable to short/long term investors alike.
SPACs also do not come without risk. For one thing, the opportunity to avoid the typical IPO paperwork means that companies that wouldn’t normally pass the sniff test can end up ripping off long-haul retail investors while lining the pockets of sponsors (here’s looking at you NKLA).
But are they a better investment tool than buying into a traditional IPO? Are there more or less opportunities for arbitrage in one versus the other? These are the sort of questions I asked in fleshing out this analysis.
#**METHODOLOGY:**
It was important for me to do an apples to apples comparison (as much as possible) so I looked only at tech or tech-ish IPO’s from 2018-2021 that tended to price, value and trade similar enough to SPACs. I compared 104 traditional IPOs to 80 SPACs. I took the IPO price and current trading price (last update as of 2/26/2021) and then tracked % gains or losses from IPO till last price.
On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019. Since SPACs’ IPO prices are technically their NAV pricing (usually $10 or $20) I decided it would not be conservative enough to use NAV as an “IPO” price comparison knowing that most retail investors get in above NAV and not all SPACs get a deal together. Therefore the most conservative option was to use the last price traded at the time of merger just prior to the new listing (e.g. just prior to when the target company’s new symbol began trading). I believe this effectively mimics the baseline reference price traditional IPOs list at. In this way SPACs and IPOs in my comparison get the same “starting point”.
Note that although I didn’t focus on NAV pricing in my direct comparison I did still track % Gains/losses against NAV so the data and results are there if you wish to look at it from that perspective (and I will speak to it further in my analysis).
A few metrics I’d like to define up front when looking at results-
**S&P Annual Return Rate** - typically we look at historical annual returns to track success against the market indices - you could also in theory subtract “market noise” from the gains figures if you had an accurate way of doing that, but consider these numbers in the results just for reference. I didn’t really do anything with them.
**mean/median IPO** - I included average and median IPO prices as a proxy for barrier to entry. Relative to my thesis the question was, are SPAC’s cheaper to invest in for a small time retail investor than traditional IPO’s? (the answer seems to be “yes”)
**% Successful** - This is the percent of IPO’s (and SPACs) in the given year range that had a net positive change in price from IPO through last price. The idea was to ignore edge cases (for example SolarWinds which would have normally been a phenomenal IPO to track against SPACs but plummeted due to their central involvement in the recent Russian hacks against the US). This metric doesn’t discern a trend from companies that have mostly been ranging - the idea being just to weight outright winners.
**Avg gains** - Self explanatory
#**RESULTS:**
Overall results were a mixed bag and naturally somewhat open to interpretation depending on your trading strategy/intentions and risk tolerance. Below are the results tables:
||||||
:--|:--|:--|:--|--:|
||**Traditional IPOs and Direct Listings**| | ||
|||
||2018|2019|2020|2021|
|S&P Annual Return Rate|-6.24%|28.88%|16.26%|1.47%|
|mean IPO|$16.55|$22.41|$33.76|$38.20|
|median IPO|$15.00|$20.00|$24.00|$42.00|
|% successful|72.92%|74.07%|87.50%|100.00%|
|Avg gains|190%|211%|109%|44.31%|
||||||
||||||
||**SPACs**| | ||
|||
||2018 SPACs|2019 SPACs|2020 SPACs|2021 SPACs|
|S&P Annual Return Rate|-|-|16.26%|1.47%|
|mean IPO|-|-|$14.52|$16.18|
|median IPO|-|-|$11.26|$15.39|
|% successful|-|-|51.56%|18.75%|
|% succesful Post Merge vs NAV|-|-|67.19%|62.50%|
|Avg gains vs NAV|-|-|55.66%|40.26%|
|Avg gains|-|-|20%|-11%|
|||||
In no particular order, a few thoughts and takeaways-
* As you can see both mean and median computed “IPO” values were definitely at a discount in favor of SPACs (roughly 50% off compared to the 2020 traditional IPO’s). This is a good thing and proves the lower cost basis for SPACs - naturally the effect is even more pronounced if you get in at/near NAV as everyone should know by now.
* Success rate is definitely higher for traditional IPO’s than for SPACs. This is due to some of what I already mentioned above to include: 1) easier to acquire immature companies that might not pass the traditional litmus test to do a proper IPO, 2) earlier stage companies getting balloon valuations and not delivering within the time range analyzed.
* Keep in mind 2021 has already started to see corrections in the market with accelerating bond yields creating aversion to speculative tools, plus likely multiplier compression to come ahead (o hai CCIV!) so I would take the 2021 columns with a grain of salt. More on the 2021 numbers below
* 2020 SPAC’s had more “no name” companies or companies with less interesting outlooks compared to what we’ve seen announcing in 2021. In ’21 the valuations have been significantly higher, the deals generally bigger and we’re on pace to exceed 2020 in both total capital raised and total number of SPAC deals within the next few months. This could be a blessing or a curse!
* Another point regarding time range - I have literally two years of data to work with on SPAC’s - the picture could be completely different in a couple of years when we have more time in market with some of these new companies (both on the traditional listing side and the SPAC side). Looking at the data my personal feeling is that on a long enough timeline I would bet that success rate continues going down for SPACs but average gains beat traditional IPOs. Remember these are highly speculative instruments. We are throwing money at eVTOLs, high tech companies, satellites, etc. Some of them are going to flop on the rocks post merger! But getting into Lucid or Joby or BlackSky or DraftKings on Day 0 could mean serious returns on a long enough timeline.
* Key takeaway that doesn’t show in the data - remember that traditional IPOs and direct listings offer limited arbitrage opportunities. You can either get in on Day 1 (or Day 2 after whales take profit) or you are lucky enough to get vested shares as an employee/officer in an IPO. There’s also good old “buy and hold”. With a SPAC, even with evolving price action patterns we have unit splits, rumor/DA pops, merger run-ups, warrant plays, pre-merger options (sometimes), and lots of other techniques to make money. In fact I would go as far as guessing most of us are not buying to hold SPACs as a true long term investor would. As someone posted in another thread - we are essentially getting in at the venture capitalist phase for many companies so the opportunities will be higher risk but potentially higher reward and certainly different than with traditional IPOs.
* The metrics I used with and without NAV show obvious efficiencies the closer you get in at NAV. However, given the lower barrier to entry compared to traditional IPOs and the chance to basically be a VC for the next Amazon, the opportunity cost (in my opinion) I believe proves the part of my thesis suggesting SPAC’s make sense from a deep value perspective. So bagholders do not fret - as long as you don’t do what [this guy](https://www.reddit.com/r/SPACs/comments/lww3na/enough_is_enough_cant_take_it_anymore/) did and lost patience (or panicked) then you have not only opportunities ahead throughout the different arbitrage phases and will (according to the data) make money even if you hold through merger, but you ALSO have a strong case for buy and hold for those companies with which you have conviction (see WB quote at the top of this post).
* Other individuals including [@gurgavin on Twitter](https://twitter.com/gurgavin) have corroborated my conclusion that post merger on average SPACs do perform (and exceptionally well against the S&P according to him). According to my data, this was true for 2020 specifically however since I was not able to find good data from 2018/2019 this must be taken with a grain of salt.
* Last thing I want to comment on is another point about the small dataset. We are not even finished with Q1 so again, take 2021 with a grain of salt. We are being oversaturated with SPACs, are probably going to have lots of uninteresting deals that will be sucking up capital, and already have lots of overvalued deals coming out all simultaneously. Gathering data into a correction (or at least bearish price action however you feel about the market conditions) one must tread lightly in making any real comparisons so I have done my best to extrapolate general trends.
#**TL;DR:**
**Compared to background market performance, data shows that SPACs can perform exceptionally well. This was definitely true in 2020 although overall performance is inconclusive. According to one source, the majority of SPACs have mostly traded below $10 after merger - however remember we have 20 years of SPAC history so one might chalk this up to "the old days" when early SPACs from prior decades mostly consisted of C-list entities with terrible financials. And then again, other reports claim the opposite. Regardless, compared to traditional IPO’s SPACs are meaningfully cheaper to enter and provide an almost VC-like opportunity for identifying and committing capital to cutting edge companies. However traditional IPO’s tend to have higher pay outs and greater rates of success (possibly because we have a longer timeline to look at but also possibly because of inherent risks to SPAC investing - all discussed in detail above). If I were a bagholder, and I had conviction about the company I’m investing in, I wouldn’t even think about selling right now and would opt to hold for the next payout opportunity (of which there are plenty in the SPAC world) or buy and hold the companies with which I have the deepest convictions for the long haul.**
#**PERSONAL CONVICTIONS AND FINAL THOUGHTS:**
* My personal opinion on SPACs is that they are a multifaceted tool. On the one hand you can use them for reliable profit generation (even with evolving patterns and bad market conditions like we’ve seen recently). There are different flavors of arbitrage opportunities throughout the phases of a SPAC deal and beyond. On the other hand you can treat a SPAC as a long term ground-level investment opportunity. Personally I leverage both sides of the coin. I have positions that no matter what happens I am holding for the next few years. I also have positions that are quick/short-term plays waiting for merger run-ups, pricing action on options, etc. However, no matter what I have deep convictions on all my plays to the extent that I am willing to hold these positions for the long run if things really do go south in the market. I hope others here are treating these highly speculative investment instruments with the same level of respect.
* Regarding the market…yeah…red is not an easy color to digest. Especially for new investors who know nothing other than the insane bull run we’ve been on the past few years <- not normal! Corrections are healthy! Markets run in cycles. You can make money when things go red just like when things go green. Remember that the priority is to get in early in a SPAC. The timeline affords you multiple phases in which you can reap profits. As others have said, a couple of winners pay for lots of losers. So time is on your side. The pricing model itself also affords protection - get into commons at NAV and you have literally no downside. There are lots of great informative posts in this sub on how to find/read S-1’s so you can build the picture of the management team, strategy, history, intentions and find a SPAC you like before you already miss the boat (I’m looking at you CCIV bagholders who bought at the top!) This is not to pick on anyone but to make a point that all of the results from this analysis emphasize the most significant gains or advantages come from getting in early and near/at NAV. Nothing new here but this is highly validated in looking at the data.
* Speaking of bagholders - I want to encourage the investors who are in tight spots right now. Take a look at your positions and ask yourself if you have conviction on where your money is parked. Do you like the company enough to hold it for the next few years? If the answer is yes then take a breath because you have little to fear from the market and all that red (my assumption is that you are only trading with money that you can afford to throw into a burning firepit). If the answer is no then now is the time to cost-average down and build a strategy to get out (merger run-up, post merger trading, next bull-run, hedge your position using responsible options strategies, etc).
* I just want to reiterate that SPACs are risky. Sometimes they don’t work out and if all you bought were warrants when the deal falls through then you are out of luck. SPAC trades are speculative investments in companies that may be immature. According to my data they often have a lower success rate (defined above) and lower returns than traditional IPOs. SPAC arbitrage patterns are changing and the markets are turning risk-averse so capital will not be readily flowing - that means smaller pops and less energy on SPACs that aren’t blockbuster deals. You have to ask yourself if you think your trade is worth the risk of price action not doing what you thought it would do. You also have to ask yourself if your long-term holdings are on a company that you think is really going to be that next AMZN/TSLA etc. Just a reminder (per the post title) to always trade on conviction!
* Revisiting my thesis I DO believe that to an extent SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time, compared to traditional IPO’s. This is the core value of the SPAC proposition. And if you combine that thought with the comfort of always trading on conviction then hopefully we are all sleeping good at night.
* Additional disclosure: I have positions in the following SPACs - ACIC, CCIV, HEC, IPOF, PSTH, RTP, SCVX
#**SOURCES:**
[SPAC data](https://spactrack.net/closedspacs/)
[S&P data](https://www.macrotrends.net/2526/sp-500-historical-annual-returns)
Tech IPO listings [2018](https://news.crunchbase.com/news/heres-gone-public-2018-far) [2019](https://news.crunchbase.com/news/heres-who-has-gone-public-in-2019-so-far) [2020](https://news.crunchbase.com/news/tech-cos-gone-public-in-2020/) [2021](https://news.crunchbase.com/news/heres-whos-gone-public-in-2021-so-far/)
[IPO data](https://www.nasdaq.com)
[Screenshots of how I set up my data](https://imgur.com/a/1hOBKWD)
[A CSV with my raw data if you’d like to do your own tabulation](https://drive.google.com/file/d/1QJ5Dd3IULq1PADKkLEsiYWQenvSxeOUM/view?usp=sharing)
*Edits: I updated some of the language I used throughout that made it sound like SPACs were conclusively better performers. This is not necessarily the case, and especially with limited data showcasing success only in 2020, one should assume (conservatively) that it's quite the opposite. Where we are limited is in my lack of access to prior data so please take this with a grain of salt. I hope I have set the right expectations on the scope of this write-up and don't mean to offend anyone looking for a multi-decade analysis here. There are mixed reports of success from prior years but also remember that SPACs had a bad rap for decades because of their use with shady companies that would never be able to do a proper IPO. I would like to think the past few years show what SPACs can be/do and that if we were to eliminate signals from "the lost decades" of SPACs that my conclusion would hold up.*
| 121 |
SPAWNmaster
| 1,614,859,880 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lxj3tf/analysis_what_is_the_inherent_value_of_a_spac_and/
|
lxj3tf
|
gpnn9al
|
This is why I am deep now into SFTW, RTP and GIK companies I actually can hold over a merger.
RTP - Joby is one of those, well this is cra cra flying stuff but this might be worth insane amount of money in 10 years.
| 8 |
myrmonden
| 1,614,868,765 |
[Analysis] What is the inherent value of a SPAC? (And why you should always trade on conviction)
|
**“If you can’t stand to hold a stock for 10 years, you shouldn’t hold it for 10 minutes” - Warren Buffett**
*Disclaimer: I’m just a hobby trader and this is my first DD/contribution post so I’m open to any constructive feedback. Please do not take any of this as investment advice. I'm not a financial advisor and all users should complete their own due diligence.*
There's a lot of FUD out there as everyone's accounts are showing red lately. And although I'm not surprised to see discussion about it, I am surprised to see so many threads with panic selling and people otherwise losing their minds in what has [typically] been a sub with fairly knowledgable and somewhat experienced traders. So hopefully this analysis on the fundamental worth of highly speculative merger securities investing is helpful to both the experienced traders who are adapting to the new SPAC patterns and market conditions, as well as those newer investors who are scared to see so much red every day.
*Note: I had started this analysis a few weeks ago when things were really good, so I like to think the intent of this thread carries some objectivity despite what has turned into a lot of questioning and fear lately about what SPACs are and what they should be doing for us.*
#**THESIS:**
In comparison to direct listings and traditional IPO’s, SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time.
#**BACKGROUND:**
Special Purpose Acquisition Companies are not new but have grown in popularity recently. They effectively create an avenue for companies to publicly trade while avoiding the often long and arduous timeline (and paperwork) involved with traditional IPO listings. Modern SPACs are structured in such a way that there is uncapped upside for early retail investors, a capped downside (potentially at parity, or even at a profit[!!!] for SPACs trading below NAV) as well as derivatives (warrants and options) that can be highly valuable to short/long term investors alike.
SPACs also do not come without risk. For one thing, the opportunity to avoid the typical IPO paperwork means that companies that wouldn’t normally pass the sniff test can end up ripping off long-haul retail investors while lining the pockets of sponsors (here’s looking at you NKLA).
But are they a better investment tool than buying into a traditional IPO? Are there more or less opportunities for arbitrage in one versus the other? These are the sort of questions I asked in fleshing out this analysis.
#**METHODOLOGY:**
It was important for me to do an apples to apples comparison (as much as possible) so I looked only at tech or tech-ish IPO’s from 2018-2021 that tended to price, value and trade similar enough to SPACs. I compared 104 traditional IPOs to 80 SPACs. I took the IPO price and current trading price (last update as of 2/26/2021) and then tracked % gains or losses from IPO till last price.
On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019. Since SPACs’ IPO prices are technically their NAV pricing (usually $10 or $20) I decided it would not be conservative enough to use NAV as an “IPO” price comparison knowing that most retail investors get in above NAV and not all SPACs get a deal together. Therefore the most conservative option was to use the last price traded at the time of merger just prior to the new listing (e.g. just prior to when the target company’s new symbol began trading). I believe this effectively mimics the baseline reference price traditional IPOs list at. In this way SPACs and IPOs in my comparison get the same “starting point”.
Note that although I didn’t focus on NAV pricing in my direct comparison I did still track % Gains/losses against NAV so the data and results are there if you wish to look at it from that perspective (and I will speak to it further in my analysis).
A few metrics I’d like to define up front when looking at results-
**S&P Annual Return Rate** - typically we look at historical annual returns to track success against the market indices - you could also in theory subtract “market noise” from the gains figures if you had an accurate way of doing that, but consider these numbers in the results just for reference. I didn’t really do anything with them.
**mean/median IPO** - I included average and median IPO prices as a proxy for barrier to entry. Relative to my thesis the question was, are SPAC’s cheaper to invest in for a small time retail investor than traditional IPO’s? (the answer seems to be “yes”)
**% Successful** - This is the percent of IPO’s (and SPACs) in the given year range that had a net positive change in price from IPO through last price. The idea was to ignore edge cases (for example SolarWinds which would have normally been a phenomenal IPO to track against SPACs but plummeted due to their central involvement in the recent Russian hacks against the US). This metric doesn’t discern a trend from companies that have mostly been ranging - the idea being just to weight outright winners.
**Avg gains** - Self explanatory
#**RESULTS:**
Overall results were a mixed bag and naturally somewhat open to interpretation depending on your trading strategy/intentions and risk tolerance. Below are the results tables:
||||||
:--|:--|:--|:--|--:|
||**Traditional IPOs and Direct Listings**| | ||
|||
||2018|2019|2020|2021|
|S&P Annual Return Rate|-6.24%|28.88%|16.26%|1.47%|
|mean IPO|$16.55|$22.41|$33.76|$38.20|
|median IPO|$15.00|$20.00|$24.00|$42.00|
|% successful|72.92%|74.07%|87.50%|100.00%|
|Avg gains|190%|211%|109%|44.31%|
||||||
||||||
||**SPACs**| | ||
|||
||2018 SPACs|2019 SPACs|2020 SPACs|2021 SPACs|
|S&P Annual Return Rate|-|-|16.26%|1.47%|
|mean IPO|-|-|$14.52|$16.18|
|median IPO|-|-|$11.26|$15.39|
|% successful|-|-|51.56%|18.75%|
|% succesful Post Merge vs NAV|-|-|67.19%|62.50%|
|Avg gains vs NAV|-|-|55.66%|40.26%|
|Avg gains|-|-|20%|-11%|
|||||
In no particular order, a few thoughts and takeaways-
* As you can see both mean and median computed “IPO” values were definitely at a discount in favor of SPACs (roughly 50% off compared to the 2020 traditional IPO’s). This is a good thing and proves the lower cost basis for SPACs - naturally the effect is even more pronounced if you get in at/near NAV as everyone should know by now.
* Success rate is definitely higher for traditional IPO’s than for SPACs. This is due to some of what I already mentioned above to include: 1) easier to acquire immature companies that might not pass the traditional litmus test to do a proper IPO, 2) earlier stage companies getting balloon valuations and not delivering within the time range analyzed.
* Keep in mind 2021 has already started to see corrections in the market with accelerating bond yields creating aversion to speculative tools, plus likely multiplier compression to come ahead (o hai CCIV!) so I would take the 2021 columns with a grain of salt. More on the 2021 numbers below
* 2020 SPAC’s had more “no name” companies or companies with less interesting outlooks compared to what we’ve seen announcing in 2021. In ’21 the valuations have been significantly higher, the deals generally bigger and we’re on pace to exceed 2020 in both total capital raised and total number of SPAC deals within the next few months. This could be a blessing or a curse!
* Another point regarding time range - I have literally two years of data to work with on SPAC’s - the picture could be completely different in a couple of years when we have more time in market with some of these new companies (both on the traditional listing side and the SPAC side). Looking at the data my personal feeling is that on a long enough timeline I would bet that success rate continues going down for SPACs but average gains beat traditional IPOs. Remember these are highly speculative instruments. We are throwing money at eVTOLs, high tech companies, satellites, etc. Some of them are going to flop on the rocks post merger! But getting into Lucid or Joby or BlackSky or DraftKings on Day 0 could mean serious returns on a long enough timeline.
* Key takeaway that doesn’t show in the data - remember that traditional IPOs and direct listings offer limited arbitrage opportunities. You can either get in on Day 1 (or Day 2 after whales take profit) or you are lucky enough to get vested shares as an employee/officer in an IPO. There’s also good old “buy and hold”. With a SPAC, even with evolving price action patterns we have unit splits, rumor/DA pops, merger run-ups, warrant plays, pre-merger options (sometimes), and lots of other techniques to make money. In fact I would go as far as guessing most of us are not buying to hold SPACs as a true long term investor would. As someone posted in another thread - we are essentially getting in at the venture capitalist phase for many companies so the opportunities will be higher risk but potentially higher reward and certainly different than with traditional IPOs.
* The metrics I used with and without NAV show obvious efficiencies the closer you get in at NAV. However, given the lower barrier to entry compared to traditional IPOs and the chance to basically be a VC for the next Amazon, the opportunity cost (in my opinion) I believe proves the part of my thesis suggesting SPAC’s make sense from a deep value perspective. So bagholders do not fret - as long as you don’t do what [this guy](https://www.reddit.com/r/SPACs/comments/lww3na/enough_is_enough_cant_take_it_anymore/) did and lost patience (or panicked) then you have not only opportunities ahead throughout the different arbitrage phases and will (according to the data) make money even if you hold through merger, but you ALSO have a strong case for buy and hold for those companies with which you have conviction (see WB quote at the top of this post).
* Other individuals including [@gurgavin on Twitter](https://twitter.com/gurgavin) have corroborated my conclusion that post merger on average SPACs do perform (and exceptionally well against the S&P according to him). According to my data, this was true for 2020 specifically however since I was not able to find good data from 2018/2019 this must be taken with a grain of salt.
* Last thing I want to comment on is another point about the small dataset. We are not even finished with Q1 so again, take 2021 with a grain of salt. We are being oversaturated with SPACs, are probably going to have lots of uninteresting deals that will be sucking up capital, and already have lots of overvalued deals coming out all simultaneously. Gathering data into a correction (or at least bearish price action however you feel about the market conditions) one must tread lightly in making any real comparisons so I have done my best to extrapolate general trends.
#**TL;DR:**
**Compared to background market performance, data shows that SPACs can perform exceptionally well. This was definitely true in 2020 although overall performance is inconclusive. According to one source, the majority of SPACs have mostly traded below $10 after merger - however remember we have 20 years of SPAC history so one might chalk this up to "the old days" when early SPACs from prior decades mostly consisted of C-list entities with terrible financials. And then again, other reports claim the opposite. Regardless, compared to traditional IPO’s SPACs are meaningfully cheaper to enter and provide an almost VC-like opportunity for identifying and committing capital to cutting edge companies. However traditional IPO’s tend to have higher pay outs and greater rates of success (possibly because we have a longer timeline to look at but also possibly because of inherent risks to SPAC investing - all discussed in detail above). If I were a bagholder, and I had conviction about the company I’m investing in, I wouldn’t even think about selling right now and would opt to hold for the next payout opportunity (of which there are plenty in the SPAC world) or buy and hold the companies with which I have the deepest convictions for the long haul.**
#**PERSONAL CONVICTIONS AND FINAL THOUGHTS:**
* My personal opinion on SPACs is that they are a multifaceted tool. On the one hand you can use them for reliable profit generation (even with evolving patterns and bad market conditions like we’ve seen recently). There are different flavors of arbitrage opportunities throughout the phases of a SPAC deal and beyond. On the other hand you can treat a SPAC as a long term ground-level investment opportunity. Personally I leverage both sides of the coin. I have positions that no matter what happens I am holding for the next few years. I also have positions that are quick/short-term plays waiting for merger run-ups, pricing action on options, etc. However, no matter what I have deep convictions on all my plays to the extent that I am willing to hold these positions for the long run if things really do go south in the market. I hope others here are treating these highly speculative investment instruments with the same level of respect.
* Regarding the market…yeah…red is not an easy color to digest. Especially for new investors who know nothing other than the insane bull run we’ve been on the past few years <- not normal! Corrections are healthy! Markets run in cycles. You can make money when things go red just like when things go green. Remember that the priority is to get in early in a SPAC. The timeline affords you multiple phases in which you can reap profits. As others have said, a couple of winners pay for lots of losers. So time is on your side. The pricing model itself also affords protection - get into commons at NAV and you have literally no downside. There are lots of great informative posts in this sub on how to find/read S-1’s so you can build the picture of the management team, strategy, history, intentions and find a SPAC you like before you already miss the boat (I’m looking at you CCIV bagholders who bought at the top!) This is not to pick on anyone but to make a point that all of the results from this analysis emphasize the most significant gains or advantages come from getting in early and near/at NAV. Nothing new here but this is highly validated in looking at the data.
* Speaking of bagholders - I want to encourage the investors who are in tight spots right now. Take a look at your positions and ask yourself if you have conviction on where your money is parked. Do you like the company enough to hold it for the next few years? If the answer is yes then take a breath because you have little to fear from the market and all that red (my assumption is that you are only trading with money that you can afford to throw into a burning firepit). If the answer is no then now is the time to cost-average down and build a strategy to get out (merger run-up, post merger trading, next bull-run, hedge your position using responsible options strategies, etc).
* I just want to reiterate that SPACs are risky. Sometimes they don’t work out and if all you bought were warrants when the deal falls through then you are out of luck. SPAC trades are speculative investments in companies that may be immature. According to my data they often have a lower success rate (defined above) and lower returns than traditional IPOs. SPAC arbitrage patterns are changing and the markets are turning risk-averse so capital will not be readily flowing - that means smaller pops and less energy on SPACs that aren’t blockbuster deals. You have to ask yourself if you think your trade is worth the risk of price action not doing what you thought it would do. You also have to ask yourself if your long-term holdings are on a company that you think is really going to be that next AMZN/TSLA etc. Just a reminder (per the post title) to always trade on conviction!
* Revisiting my thesis I DO believe that to an extent SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time, compared to traditional IPO’s. This is the core value of the SPAC proposition. And if you combine that thought with the comfort of always trading on conviction then hopefully we are all sleeping good at night.
* Additional disclosure: I have positions in the following SPACs - ACIC, CCIV, HEC, IPOF, PSTH, RTP, SCVX
#**SOURCES:**
[SPAC data](https://spactrack.net/closedspacs/)
[S&P data](https://www.macrotrends.net/2526/sp-500-historical-annual-returns)
Tech IPO listings [2018](https://news.crunchbase.com/news/heres-gone-public-2018-far) [2019](https://news.crunchbase.com/news/heres-who-has-gone-public-in-2019-so-far) [2020](https://news.crunchbase.com/news/tech-cos-gone-public-in-2020/) [2021](https://news.crunchbase.com/news/heres-whos-gone-public-in-2021-so-far/)
[IPO data](https://www.nasdaq.com)
[Screenshots of how I set up my data](https://imgur.com/a/1hOBKWD)
[A CSV with my raw data if you’d like to do your own tabulation](https://drive.google.com/file/d/1QJ5Dd3IULq1PADKkLEsiYWQenvSxeOUM/view?usp=sharing)
*Edits: I updated some of the language I used throughout that made it sound like SPACs were conclusively better performers. This is not necessarily the case, and especially with limited data showcasing success only in 2020, one should assume (conservatively) that it's quite the opposite. Where we are limited is in my lack of access to prior data so please take this with a grain of salt. I hope I have set the right expectations on the scope of this write-up and don't mean to offend anyone looking for a multi-decade analysis here. There are mixed reports of success from prior years but also remember that SPACs had a bad rap for decades because of their use with shady companies that would never be able to do a proper IPO. I would like to think the past few years show what SPACs can be/do and that if we were to eliminate signals from "the lost decades" of SPACs that my conclusion would hold up.*
| 121 |
SPAWNmaster
| 1,614,859,880 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lxj3tf/analysis_what_is_the_inherent_value_of_a_spac_and/
|
lxj3tf
|
gpnp2am
|
FYI, spacs get offered to institutional investors before retail, the PIPE deals are institutions backed. Anyone who thinks retail is getting a leg up is kidding themselves.
Watch spac returns over a 3 year period, or a 10 year as you said in your initial prompt, to see what really happens
| 14 |
SourceHouston
| 1,614,869,620 |
[Analysis] What is the inherent value of a SPAC? (And why you should always trade on conviction)
|
**“If you can’t stand to hold a stock for 10 years, you shouldn’t hold it for 10 minutes” - Warren Buffett**
*Disclaimer: I’m just a hobby trader and this is my first DD/contribution post so I’m open to any constructive feedback. Please do not take any of this as investment advice. I'm not a financial advisor and all users should complete their own due diligence.*
There's a lot of FUD out there as everyone's accounts are showing red lately. And although I'm not surprised to see discussion about it, I am surprised to see so many threads with panic selling and people otherwise losing their minds in what has [typically] been a sub with fairly knowledgable and somewhat experienced traders. So hopefully this analysis on the fundamental worth of highly speculative merger securities investing is helpful to both the experienced traders who are adapting to the new SPAC patterns and market conditions, as well as those newer investors who are scared to see so much red every day.
*Note: I had started this analysis a few weeks ago when things were really good, so I like to think the intent of this thread carries some objectivity despite what has turned into a lot of questioning and fear lately about what SPACs are and what they should be doing for us.*
#**THESIS:**
In comparison to direct listings and traditional IPO’s, SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time.
#**BACKGROUND:**
Special Purpose Acquisition Companies are not new but have grown in popularity recently. They effectively create an avenue for companies to publicly trade while avoiding the often long and arduous timeline (and paperwork) involved with traditional IPO listings. Modern SPACs are structured in such a way that there is uncapped upside for early retail investors, a capped downside (potentially at parity, or even at a profit[!!!] for SPACs trading below NAV) as well as derivatives (warrants and options) that can be highly valuable to short/long term investors alike.
SPACs also do not come without risk. For one thing, the opportunity to avoid the typical IPO paperwork means that companies that wouldn’t normally pass the sniff test can end up ripping off long-haul retail investors while lining the pockets of sponsors (here’s looking at you NKLA).
But are they a better investment tool than buying into a traditional IPO? Are there more or less opportunities for arbitrage in one versus the other? These are the sort of questions I asked in fleshing out this analysis.
#**METHODOLOGY:**
It was important for me to do an apples to apples comparison (as much as possible) so I looked only at tech or tech-ish IPO’s from 2018-2021 that tended to price, value and trade similar enough to SPACs. I compared 104 traditional IPOs to 80 SPACs. I took the IPO price and current trading price (last update as of 2/26/2021) and then tracked % gains or losses from IPO till last price.
On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019. Since SPACs’ IPO prices are technically their NAV pricing (usually $10 or $20) I decided it would not be conservative enough to use NAV as an “IPO” price comparison knowing that most retail investors get in above NAV and not all SPACs get a deal together. Therefore the most conservative option was to use the last price traded at the time of merger just prior to the new listing (e.g. just prior to when the target company’s new symbol began trading). I believe this effectively mimics the baseline reference price traditional IPOs list at. In this way SPACs and IPOs in my comparison get the same “starting point”.
Note that although I didn’t focus on NAV pricing in my direct comparison I did still track % Gains/losses against NAV so the data and results are there if you wish to look at it from that perspective (and I will speak to it further in my analysis).
A few metrics I’d like to define up front when looking at results-
**S&P Annual Return Rate** - typically we look at historical annual returns to track success against the market indices - you could also in theory subtract “market noise” from the gains figures if you had an accurate way of doing that, but consider these numbers in the results just for reference. I didn’t really do anything with them.
**mean/median IPO** - I included average and median IPO prices as a proxy for barrier to entry. Relative to my thesis the question was, are SPAC’s cheaper to invest in for a small time retail investor than traditional IPO’s? (the answer seems to be “yes”)
**% Successful** - This is the percent of IPO’s (and SPACs) in the given year range that had a net positive change in price from IPO through last price. The idea was to ignore edge cases (for example SolarWinds which would have normally been a phenomenal IPO to track against SPACs but plummeted due to their central involvement in the recent Russian hacks against the US). This metric doesn’t discern a trend from companies that have mostly been ranging - the idea being just to weight outright winners.
**Avg gains** - Self explanatory
#**RESULTS:**
Overall results were a mixed bag and naturally somewhat open to interpretation depending on your trading strategy/intentions and risk tolerance. Below are the results tables:
||||||
:--|:--|:--|:--|--:|
||**Traditional IPOs and Direct Listings**| | ||
|||
||2018|2019|2020|2021|
|S&P Annual Return Rate|-6.24%|28.88%|16.26%|1.47%|
|mean IPO|$16.55|$22.41|$33.76|$38.20|
|median IPO|$15.00|$20.00|$24.00|$42.00|
|% successful|72.92%|74.07%|87.50%|100.00%|
|Avg gains|190%|211%|109%|44.31%|
||||||
||||||
||**SPACs**| | ||
|||
||2018 SPACs|2019 SPACs|2020 SPACs|2021 SPACs|
|S&P Annual Return Rate|-|-|16.26%|1.47%|
|mean IPO|-|-|$14.52|$16.18|
|median IPO|-|-|$11.26|$15.39|
|% successful|-|-|51.56%|18.75%|
|% succesful Post Merge vs NAV|-|-|67.19%|62.50%|
|Avg gains vs NAV|-|-|55.66%|40.26%|
|Avg gains|-|-|20%|-11%|
|||||
In no particular order, a few thoughts and takeaways-
* As you can see both mean and median computed “IPO” values were definitely at a discount in favor of SPACs (roughly 50% off compared to the 2020 traditional IPO’s). This is a good thing and proves the lower cost basis for SPACs - naturally the effect is even more pronounced if you get in at/near NAV as everyone should know by now.
* Success rate is definitely higher for traditional IPO’s than for SPACs. This is due to some of what I already mentioned above to include: 1) easier to acquire immature companies that might not pass the traditional litmus test to do a proper IPO, 2) earlier stage companies getting balloon valuations and not delivering within the time range analyzed.
* Keep in mind 2021 has already started to see corrections in the market with accelerating bond yields creating aversion to speculative tools, plus likely multiplier compression to come ahead (o hai CCIV!) so I would take the 2021 columns with a grain of salt. More on the 2021 numbers below
* 2020 SPAC’s had more “no name” companies or companies with less interesting outlooks compared to what we’ve seen announcing in 2021. In ’21 the valuations have been significantly higher, the deals generally bigger and we’re on pace to exceed 2020 in both total capital raised and total number of SPAC deals within the next few months. This could be a blessing or a curse!
* Another point regarding time range - I have literally two years of data to work with on SPAC’s - the picture could be completely different in a couple of years when we have more time in market with some of these new companies (both on the traditional listing side and the SPAC side). Looking at the data my personal feeling is that on a long enough timeline I would bet that success rate continues going down for SPACs but average gains beat traditional IPOs. Remember these are highly speculative instruments. We are throwing money at eVTOLs, high tech companies, satellites, etc. Some of them are going to flop on the rocks post merger! But getting into Lucid or Joby or BlackSky or DraftKings on Day 0 could mean serious returns on a long enough timeline.
* Key takeaway that doesn’t show in the data - remember that traditional IPOs and direct listings offer limited arbitrage opportunities. You can either get in on Day 1 (or Day 2 after whales take profit) or you are lucky enough to get vested shares as an employee/officer in an IPO. There’s also good old “buy and hold”. With a SPAC, even with evolving price action patterns we have unit splits, rumor/DA pops, merger run-ups, warrant plays, pre-merger options (sometimes), and lots of other techniques to make money. In fact I would go as far as guessing most of us are not buying to hold SPACs as a true long term investor would. As someone posted in another thread - we are essentially getting in at the venture capitalist phase for many companies so the opportunities will be higher risk but potentially higher reward and certainly different than with traditional IPOs.
* The metrics I used with and without NAV show obvious efficiencies the closer you get in at NAV. However, given the lower barrier to entry compared to traditional IPOs and the chance to basically be a VC for the next Amazon, the opportunity cost (in my opinion) I believe proves the part of my thesis suggesting SPAC’s make sense from a deep value perspective. So bagholders do not fret - as long as you don’t do what [this guy](https://www.reddit.com/r/SPACs/comments/lww3na/enough_is_enough_cant_take_it_anymore/) did and lost patience (or panicked) then you have not only opportunities ahead throughout the different arbitrage phases and will (according to the data) make money even if you hold through merger, but you ALSO have a strong case for buy and hold for those companies with which you have conviction (see WB quote at the top of this post).
* Other individuals including [@gurgavin on Twitter](https://twitter.com/gurgavin) have corroborated my conclusion that post merger on average SPACs do perform (and exceptionally well against the S&P according to him). According to my data, this was true for 2020 specifically however since I was not able to find good data from 2018/2019 this must be taken with a grain of salt.
* Last thing I want to comment on is another point about the small dataset. We are not even finished with Q1 so again, take 2021 with a grain of salt. We are being oversaturated with SPACs, are probably going to have lots of uninteresting deals that will be sucking up capital, and already have lots of overvalued deals coming out all simultaneously. Gathering data into a correction (or at least bearish price action however you feel about the market conditions) one must tread lightly in making any real comparisons so I have done my best to extrapolate general trends.
#**TL;DR:**
**Compared to background market performance, data shows that SPACs can perform exceptionally well. This was definitely true in 2020 although overall performance is inconclusive. According to one source, the majority of SPACs have mostly traded below $10 after merger - however remember we have 20 years of SPAC history so one might chalk this up to "the old days" when early SPACs from prior decades mostly consisted of C-list entities with terrible financials. And then again, other reports claim the opposite. Regardless, compared to traditional IPO’s SPACs are meaningfully cheaper to enter and provide an almost VC-like opportunity for identifying and committing capital to cutting edge companies. However traditional IPO’s tend to have higher pay outs and greater rates of success (possibly because we have a longer timeline to look at but also possibly because of inherent risks to SPAC investing - all discussed in detail above). If I were a bagholder, and I had conviction about the company I’m investing in, I wouldn’t even think about selling right now and would opt to hold for the next payout opportunity (of which there are plenty in the SPAC world) or buy and hold the companies with which I have the deepest convictions for the long haul.**
#**PERSONAL CONVICTIONS AND FINAL THOUGHTS:**
* My personal opinion on SPACs is that they are a multifaceted tool. On the one hand you can use them for reliable profit generation (even with evolving patterns and bad market conditions like we’ve seen recently). There are different flavors of arbitrage opportunities throughout the phases of a SPAC deal and beyond. On the other hand you can treat a SPAC as a long term ground-level investment opportunity. Personally I leverage both sides of the coin. I have positions that no matter what happens I am holding for the next few years. I also have positions that are quick/short-term plays waiting for merger run-ups, pricing action on options, etc. However, no matter what I have deep convictions on all my plays to the extent that I am willing to hold these positions for the long run if things really do go south in the market. I hope others here are treating these highly speculative investment instruments with the same level of respect.
* Regarding the market…yeah…red is not an easy color to digest. Especially for new investors who know nothing other than the insane bull run we’ve been on the past few years <- not normal! Corrections are healthy! Markets run in cycles. You can make money when things go red just like when things go green. Remember that the priority is to get in early in a SPAC. The timeline affords you multiple phases in which you can reap profits. As others have said, a couple of winners pay for lots of losers. So time is on your side. The pricing model itself also affords protection - get into commons at NAV and you have literally no downside. There are lots of great informative posts in this sub on how to find/read S-1’s so you can build the picture of the management team, strategy, history, intentions and find a SPAC you like before you already miss the boat (I’m looking at you CCIV bagholders who bought at the top!) This is not to pick on anyone but to make a point that all of the results from this analysis emphasize the most significant gains or advantages come from getting in early and near/at NAV. Nothing new here but this is highly validated in looking at the data.
* Speaking of bagholders - I want to encourage the investors who are in tight spots right now. Take a look at your positions and ask yourself if you have conviction on where your money is parked. Do you like the company enough to hold it for the next few years? If the answer is yes then take a breath because you have little to fear from the market and all that red (my assumption is that you are only trading with money that you can afford to throw into a burning firepit). If the answer is no then now is the time to cost-average down and build a strategy to get out (merger run-up, post merger trading, next bull-run, hedge your position using responsible options strategies, etc).
* I just want to reiterate that SPACs are risky. Sometimes they don’t work out and if all you bought were warrants when the deal falls through then you are out of luck. SPAC trades are speculative investments in companies that may be immature. According to my data they often have a lower success rate (defined above) and lower returns than traditional IPOs. SPAC arbitrage patterns are changing and the markets are turning risk-averse so capital will not be readily flowing - that means smaller pops and less energy on SPACs that aren’t blockbuster deals. You have to ask yourself if you think your trade is worth the risk of price action not doing what you thought it would do. You also have to ask yourself if your long-term holdings are on a company that you think is really going to be that next AMZN/TSLA etc. Just a reminder (per the post title) to always trade on conviction!
* Revisiting my thesis I DO believe that to an extent SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time, compared to traditional IPO’s. This is the core value of the SPAC proposition. And if you combine that thought with the comfort of always trading on conviction then hopefully we are all sleeping good at night.
* Additional disclosure: I have positions in the following SPACs - ACIC, CCIV, HEC, IPOF, PSTH, RTP, SCVX
#**SOURCES:**
[SPAC data](https://spactrack.net/closedspacs/)
[S&P data](https://www.macrotrends.net/2526/sp-500-historical-annual-returns)
Tech IPO listings [2018](https://news.crunchbase.com/news/heres-gone-public-2018-far) [2019](https://news.crunchbase.com/news/heres-who-has-gone-public-in-2019-so-far) [2020](https://news.crunchbase.com/news/tech-cos-gone-public-in-2020/) [2021](https://news.crunchbase.com/news/heres-whos-gone-public-in-2021-so-far/)
[IPO data](https://www.nasdaq.com)
[Screenshots of how I set up my data](https://imgur.com/a/1hOBKWD)
[A CSV with my raw data if you’d like to do your own tabulation](https://drive.google.com/file/d/1QJ5Dd3IULq1PADKkLEsiYWQenvSxeOUM/view?usp=sharing)
*Edits: I updated some of the language I used throughout that made it sound like SPACs were conclusively better performers. This is not necessarily the case, and especially with limited data showcasing success only in 2020, one should assume (conservatively) that it's quite the opposite. Where we are limited is in my lack of access to prior data so please take this with a grain of salt. I hope I have set the right expectations on the scope of this write-up and don't mean to offend anyone looking for a multi-decade analysis here. There are mixed reports of success from prior years but also remember that SPACs had a bad rap for decades because of their use with shady companies that would never be able to do a proper IPO. I would like to think the past few years show what SPACs can be/do and that if we were to eliminate signals from "the lost decades" of SPACs that my conclusion would hold up.*
| 121 |
SPAWNmaster
| 1,614,859,880 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lxj3tf/analysis_what_is_the_inherent_value_of_a_spac_and/
|
lxj3tf
|
gpnk159
|
Can you tell me about your experience holding DKNG and SKLZ? When you got in on them was it before the DA announcement?
I’m buying SRNGU to get some free warrants at split and hoping the management team that launched DKNG and SKLZ will perform just as well given their experience.
| 6 |
ramen-shaman007
| 1,614,867,151 |
[Analysis] What is the inherent value of a SPAC? (And why you should always trade on conviction)
|
**“If you can’t stand to hold a stock for 10 years, you shouldn’t hold it for 10 minutes” - Warren Buffett**
*Disclaimer: I’m just a hobby trader and this is my first DD/contribution post so I’m open to any constructive feedback. Please do not take any of this as investment advice. I'm not a financial advisor and all users should complete their own due diligence.*
There's a lot of FUD out there as everyone's accounts are showing red lately. And although I'm not surprised to see discussion about it, I am surprised to see so many threads with panic selling and people otherwise losing their minds in what has [typically] been a sub with fairly knowledgable and somewhat experienced traders. So hopefully this analysis on the fundamental worth of highly speculative merger securities investing is helpful to both the experienced traders who are adapting to the new SPAC patterns and market conditions, as well as those newer investors who are scared to see so much red every day.
*Note: I had started this analysis a few weeks ago when things were really good, so I like to think the intent of this thread carries some objectivity despite what has turned into a lot of questioning and fear lately about what SPACs are and what they should be doing for us.*
#**THESIS:**
In comparison to direct listings and traditional IPO’s, SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time.
#**BACKGROUND:**
Special Purpose Acquisition Companies are not new but have grown in popularity recently. They effectively create an avenue for companies to publicly trade while avoiding the often long and arduous timeline (and paperwork) involved with traditional IPO listings. Modern SPACs are structured in such a way that there is uncapped upside for early retail investors, a capped downside (potentially at parity, or even at a profit[!!!] for SPACs trading below NAV) as well as derivatives (warrants and options) that can be highly valuable to short/long term investors alike.
SPACs also do not come without risk. For one thing, the opportunity to avoid the typical IPO paperwork means that companies that wouldn’t normally pass the sniff test can end up ripping off long-haul retail investors while lining the pockets of sponsors (here’s looking at you NKLA).
But are they a better investment tool than buying into a traditional IPO? Are there more or less opportunities for arbitrage in one versus the other? These are the sort of questions I asked in fleshing out this analysis.
#**METHODOLOGY:**
It was important for me to do an apples to apples comparison (as much as possible) so I looked only at tech or tech-ish IPO’s from 2018-2021 that tended to price, value and trade similar enough to SPACs. I compared 104 traditional IPOs to 80 SPACs. I took the IPO price and current trading price (last update as of 2/26/2021) and then tracked % gains or losses from IPO till last price.
On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019. Since SPACs’ IPO prices are technically their NAV pricing (usually $10 or $20) I decided it would not be conservative enough to use NAV as an “IPO” price comparison knowing that most retail investors get in above NAV and not all SPACs get a deal together. Therefore the most conservative option was to use the last price traded at the time of merger just prior to the new listing (e.g. just prior to when the target company’s new symbol began trading). I believe this effectively mimics the baseline reference price traditional IPOs list at. In this way SPACs and IPOs in my comparison get the same “starting point”.
Note that although I didn’t focus on NAV pricing in my direct comparison I did still track % Gains/losses against NAV so the data and results are there if you wish to look at it from that perspective (and I will speak to it further in my analysis).
A few metrics I’d like to define up front when looking at results-
**S&P Annual Return Rate** - typically we look at historical annual returns to track success against the market indices - you could also in theory subtract “market noise” from the gains figures if you had an accurate way of doing that, but consider these numbers in the results just for reference. I didn’t really do anything with them.
**mean/median IPO** - I included average and median IPO prices as a proxy for barrier to entry. Relative to my thesis the question was, are SPAC’s cheaper to invest in for a small time retail investor than traditional IPO’s? (the answer seems to be “yes”)
**% Successful** - This is the percent of IPO’s (and SPACs) in the given year range that had a net positive change in price from IPO through last price. The idea was to ignore edge cases (for example SolarWinds which would have normally been a phenomenal IPO to track against SPACs but plummeted due to their central involvement in the recent Russian hacks against the US). This metric doesn’t discern a trend from companies that have mostly been ranging - the idea being just to weight outright winners.
**Avg gains** - Self explanatory
#**RESULTS:**
Overall results were a mixed bag and naturally somewhat open to interpretation depending on your trading strategy/intentions and risk tolerance. Below are the results tables:
||||||
:--|:--|:--|:--|--:|
||**Traditional IPOs and Direct Listings**| | ||
|||
||2018|2019|2020|2021|
|S&P Annual Return Rate|-6.24%|28.88%|16.26%|1.47%|
|mean IPO|$16.55|$22.41|$33.76|$38.20|
|median IPO|$15.00|$20.00|$24.00|$42.00|
|% successful|72.92%|74.07%|87.50%|100.00%|
|Avg gains|190%|211%|109%|44.31%|
||||||
||||||
||**SPACs**| | ||
|||
||2018 SPACs|2019 SPACs|2020 SPACs|2021 SPACs|
|S&P Annual Return Rate|-|-|16.26%|1.47%|
|mean IPO|-|-|$14.52|$16.18|
|median IPO|-|-|$11.26|$15.39|
|% successful|-|-|51.56%|18.75%|
|% succesful Post Merge vs NAV|-|-|67.19%|62.50%|
|Avg gains vs NAV|-|-|55.66%|40.26%|
|Avg gains|-|-|20%|-11%|
|||||
In no particular order, a few thoughts and takeaways-
* As you can see both mean and median computed “IPO” values were definitely at a discount in favor of SPACs (roughly 50% off compared to the 2020 traditional IPO’s). This is a good thing and proves the lower cost basis for SPACs - naturally the effect is even more pronounced if you get in at/near NAV as everyone should know by now.
* Success rate is definitely higher for traditional IPO’s than for SPACs. This is due to some of what I already mentioned above to include: 1) easier to acquire immature companies that might not pass the traditional litmus test to do a proper IPO, 2) earlier stage companies getting balloon valuations and not delivering within the time range analyzed.
* Keep in mind 2021 has already started to see corrections in the market with accelerating bond yields creating aversion to speculative tools, plus likely multiplier compression to come ahead (o hai CCIV!) so I would take the 2021 columns with a grain of salt. More on the 2021 numbers below
* 2020 SPAC’s had more “no name” companies or companies with less interesting outlooks compared to what we’ve seen announcing in 2021. In ’21 the valuations have been significantly higher, the deals generally bigger and we’re on pace to exceed 2020 in both total capital raised and total number of SPAC deals within the next few months. This could be a blessing or a curse!
* Another point regarding time range - I have literally two years of data to work with on SPAC’s - the picture could be completely different in a couple of years when we have more time in market with some of these new companies (both on the traditional listing side and the SPAC side). Looking at the data my personal feeling is that on a long enough timeline I would bet that success rate continues going down for SPACs but average gains beat traditional IPOs. Remember these are highly speculative instruments. We are throwing money at eVTOLs, high tech companies, satellites, etc. Some of them are going to flop on the rocks post merger! But getting into Lucid or Joby or BlackSky or DraftKings on Day 0 could mean serious returns on a long enough timeline.
* Key takeaway that doesn’t show in the data - remember that traditional IPOs and direct listings offer limited arbitrage opportunities. You can either get in on Day 1 (or Day 2 after whales take profit) or you are lucky enough to get vested shares as an employee/officer in an IPO. There’s also good old “buy and hold”. With a SPAC, even with evolving price action patterns we have unit splits, rumor/DA pops, merger run-ups, warrant plays, pre-merger options (sometimes), and lots of other techniques to make money. In fact I would go as far as guessing most of us are not buying to hold SPACs as a true long term investor would. As someone posted in another thread - we are essentially getting in at the venture capitalist phase for many companies so the opportunities will be higher risk but potentially higher reward and certainly different than with traditional IPOs.
* The metrics I used with and without NAV show obvious efficiencies the closer you get in at NAV. However, given the lower barrier to entry compared to traditional IPOs and the chance to basically be a VC for the next Amazon, the opportunity cost (in my opinion) I believe proves the part of my thesis suggesting SPAC’s make sense from a deep value perspective. So bagholders do not fret - as long as you don’t do what [this guy](https://www.reddit.com/r/SPACs/comments/lww3na/enough_is_enough_cant_take_it_anymore/) did and lost patience (or panicked) then you have not only opportunities ahead throughout the different arbitrage phases and will (according to the data) make money even if you hold through merger, but you ALSO have a strong case for buy and hold for those companies with which you have conviction (see WB quote at the top of this post).
* Other individuals including [@gurgavin on Twitter](https://twitter.com/gurgavin) have corroborated my conclusion that post merger on average SPACs do perform (and exceptionally well against the S&P according to him). According to my data, this was true for 2020 specifically however since I was not able to find good data from 2018/2019 this must be taken with a grain of salt.
* Last thing I want to comment on is another point about the small dataset. We are not even finished with Q1 so again, take 2021 with a grain of salt. We are being oversaturated with SPACs, are probably going to have lots of uninteresting deals that will be sucking up capital, and already have lots of overvalued deals coming out all simultaneously. Gathering data into a correction (or at least bearish price action however you feel about the market conditions) one must tread lightly in making any real comparisons so I have done my best to extrapolate general trends.
#**TL;DR:**
**Compared to background market performance, data shows that SPACs can perform exceptionally well. This was definitely true in 2020 although overall performance is inconclusive. According to one source, the majority of SPACs have mostly traded below $10 after merger - however remember we have 20 years of SPAC history so one might chalk this up to "the old days" when early SPACs from prior decades mostly consisted of C-list entities with terrible financials. And then again, other reports claim the opposite. Regardless, compared to traditional IPO’s SPACs are meaningfully cheaper to enter and provide an almost VC-like opportunity for identifying and committing capital to cutting edge companies. However traditional IPO’s tend to have higher pay outs and greater rates of success (possibly because we have a longer timeline to look at but also possibly because of inherent risks to SPAC investing - all discussed in detail above). If I were a bagholder, and I had conviction about the company I’m investing in, I wouldn’t even think about selling right now and would opt to hold for the next payout opportunity (of which there are plenty in the SPAC world) or buy and hold the companies with which I have the deepest convictions for the long haul.**
#**PERSONAL CONVICTIONS AND FINAL THOUGHTS:**
* My personal opinion on SPACs is that they are a multifaceted tool. On the one hand you can use them for reliable profit generation (even with evolving patterns and bad market conditions like we’ve seen recently). There are different flavors of arbitrage opportunities throughout the phases of a SPAC deal and beyond. On the other hand you can treat a SPAC as a long term ground-level investment opportunity. Personally I leverage both sides of the coin. I have positions that no matter what happens I am holding for the next few years. I also have positions that are quick/short-term plays waiting for merger run-ups, pricing action on options, etc. However, no matter what I have deep convictions on all my plays to the extent that I am willing to hold these positions for the long run if things really do go south in the market. I hope others here are treating these highly speculative investment instruments with the same level of respect.
* Regarding the market…yeah…red is not an easy color to digest. Especially for new investors who know nothing other than the insane bull run we’ve been on the past few years <- not normal! Corrections are healthy! Markets run in cycles. You can make money when things go red just like when things go green. Remember that the priority is to get in early in a SPAC. The timeline affords you multiple phases in which you can reap profits. As others have said, a couple of winners pay for lots of losers. So time is on your side. The pricing model itself also affords protection - get into commons at NAV and you have literally no downside. There are lots of great informative posts in this sub on how to find/read S-1’s so you can build the picture of the management team, strategy, history, intentions and find a SPAC you like before you already miss the boat (I’m looking at you CCIV bagholders who bought at the top!) This is not to pick on anyone but to make a point that all of the results from this analysis emphasize the most significant gains or advantages come from getting in early and near/at NAV. Nothing new here but this is highly validated in looking at the data.
* Speaking of bagholders - I want to encourage the investors who are in tight spots right now. Take a look at your positions and ask yourself if you have conviction on where your money is parked. Do you like the company enough to hold it for the next few years? If the answer is yes then take a breath because you have little to fear from the market and all that red (my assumption is that you are only trading with money that you can afford to throw into a burning firepit). If the answer is no then now is the time to cost-average down and build a strategy to get out (merger run-up, post merger trading, next bull-run, hedge your position using responsible options strategies, etc).
* I just want to reiterate that SPACs are risky. Sometimes they don’t work out and if all you bought were warrants when the deal falls through then you are out of luck. SPAC trades are speculative investments in companies that may be immature. According to my data they often have a lower success rate (defined above) and lower returns than traditional IPOs. SPAC arbitrage patterns are changing and the markets are turning risk-averse so capital will not be readily flowing - that means smaller pops and less energy on SPACs that aren’t blockbuster deals. You have to ask yourself if you think your trade is worth the risk of price action not doing what you thought it would do. You also have to ask yourself if your long-term holdings are on a company that you think is really going to be that next AMZN/TSLA etc. Just a reminder (per the post title) to always trade on conviction!
* Revisiting my thesis I DO believe that to an extent SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time, compared to traditional IPO’s. This is the core value of the SPAC proposition. And if you combine that thought with the comfort of always trading on conviction then hopefully we are all sleeping good at night.
* Additional disclosure: I have positions in the following SPACs - ACIC, CCIV, HEC, IPOF, PSTH, RTP, SCVX
#**SOURCES:**
[SPAC data](https://spactrack.net/closedspacs/)
[S&P data](https://www.macrotrends.net/2526/sp-500-historical-annual-returns)
Tech IPO listings [2018](https://news.crunchbase.com/news/heres-gone-public-2018-far) [2019](https://news.crunchbase.com/news/heres-who-has-gone-public-in-2019-so-far) [2020](https://news.crunchbase.com/news/tech-cos-gone-public-in-2020/) [2021](https://news.crunchbase.com/news/heres-whos-gone-public-in-2021-so-far/)
[IPO data](https://www.nasdaq.com)
[Screenshots of how I set up my data](https://imgur.com/a/1hOBKWD)
[A CSV with my raw data if you’d like to do your own tabulation](https://drive.google.com/file/d/1QJ5Dd3IULq1PADKkLEsiYWQenvSxeOUM/view?usp=sharing)
*Edits: I updated some of the language I used throughout that made it sound like SPACs were conclusively better performers. This is not necessarily the case, and especially with limited data showcasing success only in 2020, one should assume (conservatively) that it's quite the opposite. Where we are limited is in my lack of access to prior data so please take this with a grain of salt. I hope I have set the right expectations on the scope of this write-up and don't mean to offend anyone looking for a multi-decade analysis here. There are mixed reports of success from prior years but also remember that SPACs had a bad rap for decades because of their use with shady companies that would never be able to do a proper IPO. I would like to think the past few years show what SPACs can be/do and that if we were to eliminate signals from "the lost decades" of SPACs that my conclusion would hold up.*
| 121 |
SPAWNmaster
| 1,614,859,880 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lxj3tf/analysis_what_is_the_inherent_value_of_a_spac_and/
|
lxj3tf
|
gpnq87t
|
> On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019.
The problem is, this blows up your entire analysis.
*Of course* SPACs are going to look great in comparison to IPOs if you limit your window to the last two years--you've picked the best performance window in their entire history!
It's similar to looking at dot com stocks and limiting your analysis to 1998-1999, excluding, say, 2001. You need to take the bad times with the good if you want an honest comparison.
| 6 |
bonghits96
| 1,614,870,151 |
[Analysis] What is the inherent value of a SPAC? (And why you should always trade on conviction)
|
**“If you can’t stand to hold a stock for 10 years, you shouldn’t hold it for 10 minutes” - Warren Buffett**
*Disclaimer: I’m just a hobby trader and this is my first DD/contribution post so I’m open to any constructive feedback. Please do not take any of this as investment advice. I'm not a financial advisor and all users should complete their own due diligence.*
There's a lot of FUD out there as everyone's accounts are showing red lately. And although I'm not surprised to see discussion about it, I am surprised to see so many threads with panic selling and people otherwise losing their minds in what has [typically] been a sub with fairly knowledgable and somewhat experienced traders. So hopefully this analysis on the fundamental worth of highly speculative merger securities investing is helpful to both the experienced traders who are adapting to the new SPAC patterns and market conditions, as well as those newer investors who are scared to see so much red every day.
*Note: I had started this analysis a few weeks ago when things were really good, so I like to think the intent of this thread carries some objectivity despite what has turned into a lot of questioning and fear lately about what SPACs are and what they should be doing for us.*
#**THESIS:**
In comparison to direct listings and traditional IPO’s, SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time.
#**BACKGROUND:**
Special Purpose Acquisition Companies are not new but have grown in popularity recently. They effectively create an avenue for companies to publicly trade while avoiding the often long and arduous timeline (and paperwork) involved with traditional IPO listings. Modern SPACs are structured in such a way that there is uncapped upside for early retail investors, a capped downside (potentially at parity, or even at a profit[!!!] for SPACs trading below NAV) as well as derivatives (warrants and options) that can be highly valuable to short/long term investors alike.
SPACs also do not come without risk. For one thing, the opportunity to avoid the typical IPO paperwork means that companies that wouldn’t normally pass the sniff test can end up ripping off long-haul retail investors while lining the pockets of sponsors (here’s looking at you NKLA).
But are they a better investment tool than buying into a traditional IPO? Are there more or less opportunities for arbitrage in one versus the other? These are the sort of questions I asked in fleshing out this analysis.
#**METHODOLOGY:**
It was important for me to do an apples to apples comparison (as much as possible) so I looked only at tech or tech-ish IPO’s from 2018-2021 that tended to price, value and trade similar enough to SPACs. I compared 104 traditional IPOs to 80 SPACs. I took the IPO price and current trading price (last update as of 2/26/2021) and then tracked % gains or losses from IPO till last price.
On the SPAC side, I was only able to find reliable data from 2020 and 2021 when things picked up so unfortunately don’t have anything to compare from 2018-2019. Since SPACs’ IPO prices are technically their NAV pricing (usually $10 or $20) I decided it would not be conservative enough to use NAV as an “IPO” price comparison knowing that most retail investors get in above NAV and not all SPACs get a deal together. Therefore the most conservative option was to use the last price traded at the time of merger just prior to the new listing (e.g. just prior to when the target company’s new symbol began trading). I believe this effectively mimics the baseline reference price traditional IPOs list at. In this way SPACs and IPOs in my comparison get the same “starting point”.
Note that although I didn’t focus on NAV pricing in my direct comparison I did still track % Gains/losses against NAV so the data and results are there if you wish to look at it from that perspective (and I will speak to it further in my analysis).
A few metrics I’d like to define up front when looking at results-
**S&P Annual Return Rate** - typically we look at historical annual returns to track success against the market indices - you could also in theory subtract “market noise” from the gains figures if you had an accurate way of doing that, but consider these numbers in the results just for reference. I didn’t really do anything with them.
**mean/median IPO** - I included average and median IPO prices as a proxy for barrier to entry. Relative to my thesis the question was, are SPAC’s cheaper to invest in for a small time retail investor than traditional IPO’s? (the answer seems to be “yes”)
**% Successful** - This is the percent of IPO’s (and SPACs) in the given year range that had a net positive change in price from IPO through last price. The idea was to ignore edge cases (for example SolarWinds which would have normally been a phenomenal IPO to track against SPACs but plummeted due to their central involvement in the recent Russian hacks against the US). This metric doesn’t discern a trend from companies that have mostly been ranging - the idea being just to weight outright winners.
**Avg gains** - Self explanatory
#**RESULTS:**
Overall results were a mixed bag and naturally somewhat open to interpretation depending on your trading strategy/intentions and risk tolerance. Below are the results tables:
||||||
:--|:--|:--|:--|--:|
||**Traditional IPOs and Direct Listings**| | ||
|||
||2018|2019|2020|2021|
|S&P Annual Return Rate|-6.24%|28.88%|16.26%|1.47%|
|mean IPO|$16.55|$22.41|$33.76|$38.20|
|median IPO|$15.00|$20.00|$24.00|$42.00|
|% successful|72.92%|74.07%|87.50%|100.00%|
|Avg gains|190%|211%|109%|44.31%|
||||||
||||||
||**SPACs**| | ||
|||
||2018 SPACs|2019 SPACs|2020 SPACs|2021 SPACs|
|S&P Annual Return Rate|-|-|16.26%|1.47%|
|mean IPO|-|-|$14.52|$16.18|
|median IPO|-|-|$11.26|$15.39|
|% successful|-|-|51.56%|18.75%|
|% succesful Post Merge vs NAV|-|-|67.19%|62.50%|
|Avg gains vs NAV|-|-|55.66%|40.26%|
|Avg gains|-|-|20%|-11%|
|||||
In no particular order, a few thoughts and takeaways-
* As you can see both mean and median computed “IPO” values were definitely at a discount in favor of SPACs (roughly 50% off compared to the 2020 traditional IPO’s). This is a good thing and proves the lower cost basis for SPACs - naturally the effect is even more pronounced if you get in at/near NAV as everyone should know by now.
* Success rate is definitely higher for traditional IPO’s than for SPACs. This is due to some of what I already mentioned above to include: 1) easier to acquire immature companies that might not pass the traditional litmus test to do a proper IPO, 2) earlier stage companies getting balloon valuations and not delivering within the time range analyzed.
* Keep in mind 2021 has already started to see corrections in the market with accelerating bond yields creating aversion to speculative tools, plus likely multiplier compression to come ahead (o hai CCIV!) so I would take the 2021 columns with a grain of salt. More on the 2021 numbers below
* 2020 SPAC’s had more “no name” companies or companies with less interesting outlooks compared to what we’ve seen announcing in 2021. In ’21 the valuations have been significantly higher, the deals generally bigger and we’re on pace to exceed 2020 in both total capital raised and total number of SPAC deals within the next few months. This could be a blessing or a curse!
* Another point regarding time range - I have literally two years of data to work with on SPAC’s - the picture could be completely different in a couple of years when we have more time in market with some of these new companies (both on the traditional listing side and the SPAC side). Looking at the data my personal feeling is that on a long enough timeline I would bet that success rate continues going down for SPACs but average gains beat traditional IPOs. Remember these are highly speculative instruments. We are throwing money at eVTOLs, high tech companies, satellites, etc. Some of them are going to flop on the rocks post merger! But getting into Lucid or Joby or BlackSky or DraftKings on Day 0 could mean serious returns on a long enough timeline.
* Key takeaway that doesn’t show in the data - remember that traditional IPOs and direct listings offer limited arbitrage opportunities. You can either get in on Day 1 (or Day 2 after whales take profit) or you are lucky enough to get vested shares as an employee/officer in an IPO. There’s also good old “buy and hold”. With a SPAC, even with evolving price action patterns we have unit splits, rumor/DA pops, merger run-ups, warrant plays, pre-merger options (sometimes), and lots of other techniques to make money. In fact I would go as far as guessing most of us are not buying to hold SPACs as a true long term investor would. As someone posted in another thread - we are essentially getting in at the venture capitalist phase for many companies so the opportunities will be higher risk but potentially higher reward and certainly different than with traditional IPOs.
* The metrics I used with and without NAV show obvious efficiencies the closer you get in at NAV. However, given the lower barrier to entry compared to traditional IPOs and the chance to basically be a VC for the next Amazon, the opportunity cost (in my opinion) I believe proves the part of my thesis suggesting SPAC’s make sense from a deep value perspective. So bagholders do not fret - as long as you don’t do what [this guy](https://www.reddit.com/r/SPACs/comments/lww3na/enough_is_enough_cant_take_it_anymore/) did and lost patience (or panicked) then you have not only opportunities ahead throughout the different arbitrage phases and will (according to the data) make money even if you hold through merger, but you ALSO have a strong case for buy and hold for those companies with which you have conviction (see WB quote at the top of this post).
* Other individuals including [@gurgavin on Twitter](https://twitter.com/gurgavin) have corroborated my conclusion that post merger on average SPACs do perform (and exceptionally well against the S&P according to him). According to my data, this was true for 2020 specifically however since I was not able to find good data from 2018/2019 this must be taken with a grain of salt.
* Last thing I want to comment on is another point about the small dataset. We are not even finished with Q1 so again, take 2021 with a grain of salt. We are being oversaturated with SPACs, are probably going to have lots of uninteresting deals that will be sucking up capital, and already have lots of overvalued deals coming out all simultaneously. Gathering data into a correction (or at least bearish price action however you feel about the market conditions) one must tread lightly in making any real comparisons so I have done my best to extrapolate general trends.
#**TL;DR:**
**Compared to background market performance, data shows that SPACs can perform exceptionally well. This was definitely true in 2020 although overall performance is inconclusive. According to one source, the majority of SPACs have mostly traded below $10 after merger - however remember we have 20 years of SPAC history so one might chalk this up to "the old days" when early SPACs from prior decades mostly consisted of C-list entities with terrible financials. And then again, other reports claim the opposite. Regardless, compared to traditional IPO’s SPACs are meaningfully cheaper to enter and provide an almost VC-like opportunity for identifying and committing capital to cutting edge companies. However traditional IPO’s tend to have higher pay outs and greater rates of success (possibly because we have a longer timeline to look at but also possibly because of inherent risks to SPAC investing - all discussed in detail above). If I were a bagholder, and I had conviction about the company I’m investing in, I wouldn’t even think about selling right now and would opt to hold for the next payout opportunity (of which there are plenty in the SPAC world) or buy and hold the companies with which I have the deepest convictions for the long haul.**
#**PERSONAL CONVICTIONS AND FINAL THOUGHTS:**
* My personal opinion on SPACs is that they are a multifaceted tool. On the one hand you can use them for reliable profit generation (even with evolving patterns and bad market conditions like we’ve seen recently). There are different flavors of arbitrage opportunities throughout the phases of a SPAC deal and beyond. On the other hand you can treat a SPAC as a long term ground-level investment opportunity. Personally I leverage both sides of the coin. I have positions that no matter what happens I am holding for the next few years. I also have positions that are quick/short-term plays waiting for merger run-ups, pricing action on options, etc. However, no matter what I have deep convictions on all my plays to the extent that I am willing to hold these positions for the long run if things really do go south in the market. I hope others here are treating these highly speculative investment instruments with the same level of respect.
* Regarding the market…yeah…red is not an easy color to digest. Especially for new investors who know nothing other than the insane bull run we’ve been on the past few years <- not normal! Corrections are healthy! Markets run in cycles. You can make money when things go red just like when things go green. Remember that the priority is to get in early in a SPAC. The timeline affords you multiple phases in which you can reap profits. As others have said, a couple of winners pay for lots of losers. So time is on your side. The pricing model itself also affords protection - get into commons at NAV and you have literally no downside. There are lots of great informative posts in this sub on how to find/read S-1’s so you can build the picture of the management team, strategy, history, intentions and find a SPAC you like before you already miss the boat (I’m looking at you CCIV bagholders who bought at the top!) This is not to pick on anyone but to make a point that all of the results from this analysis emphasize the most significant gains or advantages come from getting in early and near/at NAV. Nothing new here but this is highly validated in looking at the data.
* Speaking of bagholders - I want to encourage the investors who are in tight spots right now. Take a look at your positions and ask yourself if you have conviction on where your money is parked. Do you like the company enough to hold it for the next few years? If the answer is yes then take a breath because you have little to fear from the market and all that red (my assumption is that you are only trading with money that you can afford to throw into a burning firepit). If the answer is no then now is the time to cost-average down and build a strategy to get out (merger run-up, post merger trading, next bull-run, hedge your position using responsible options strategies, etc).
* I just want to reiterate that SPACs are risky. Sometimes they don’t work out and if all you bought were warrants when the deal falls through then you are out of luck. SPAC trades are speculative investments in companies that may be immature. According to my data they often have a lower success rate (defined above) and lower returns than traditional IPOs. SPAC arbitrage patterns are changing and the markets are turning risk-averse so capital will not be readily flowing - that means smaller pops and less energy on SPACs that aren’t blockbuster deals. You have to ask yourself if you think your trade is worth the risk of price action not doing what you thought it would do. You also have to ask yourself if your long-term holdings are on a company that you think is really going to be that next AMZN/TSLA etc. Just a reminder (per the post title) to always trade on conviction!
* Revisiting my thesis I DO believe that to an extent SPACs offer retail investors a more advantageous way to get in at the ground level of amazing emergent companies and find profits even if they got in at the wrong time, compared to traditional IPO’s. This is the core value of the SPAC proposition. And if you combine that thought with the comfort of always trading on conviction then hopefully we are all sleeping good at night.
* Additional disclosure: I have positions in the following SPACs - ACIC, CCIV, HEC, IPOF, PSTH, RTP, SCVX
#**SOURCES:**
[SPAC data](https://spactrack.net/closedspacs/)
[S&P data](https://www.macrotrends.net/2526/sp-500-historical-annual-returns)
Tech IPO listings [2018](https://news.crunchbase.com/news/heres-gone-public-2018-far) [2019](https://news.crunchbase.com/news/heres-who-has-gone-public-in-2019-so-far) [2020](https://news.crunchbase.com/news/tech-cos-gone-public-in-2020/) [2021](https://news.crunchbase.com/news/heres-whos-gone-public-in-2021-so-far/)
[IPO data](https://www.nasdaq.com)
[Screenshots of how I set up my data](https://imgur.com/a/1hOBKWD)
[A CSV with my raw data if you’d like to do your own tabulation](https://drive.google.com/file/d/1QJ5Dd3IULq1PADKkLEsiYWQenvSxeOUM/view?usp=sharing)
*Edits: I updated some of the language I used throughout that made it sound like SPACs were conclusively better performers. This is not necessarily the case, and especially with limited data showcasing success only in 2020, one should assume (conservatively) that it's quite the opposite. Where we are limited is in my lack of access to prior data so please take this with a grain of salt. I hope I have set the right expectations on the scope of this write-up and don't mean to offend anyone looking for a multi-decade analysis here. There are mixed reports of success from prior years but also remember that SPACs had a bad rap for decades because of their use with shady companies that would never be able to do a proper IPO. I would like to think the past few years show what SPACs can be/do and that if we were to eliminate signals from "the lost decades" of SPACs that my conclusion would hold up.*
| 121 |
SPAWNmaster
| 1,614,859,880 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lxj3tf/analysis_what_is_the_inherent_value_of_a_spac_and/
|
lwkvdz
|
gpiih3j
|
Years behind VACQ (Rocket Lab) but about half the valuation so that makes sense.
Much like ACIC compared to JOBY.
I like Astra. I have a position.
I just like Rocket Lab more
| 7 |
CantStopWatchingVids
| 1,614,759,323 |
DD - Astra/Holicity ($HOL) Due Dilligence
|
Disclosure: I own a speculative position (<2% of my portfolio) in Astra ($HOL)
Disclaimer: This is not financial advice. Do your own due diligence before making investment decisions.
Astra is a small satellite launch provider with the mission of offering frequent rocket launches into space. While companies such as Space X and Blue Origin aim to transport people and large amounts of goods, Astra’s goal is to build smaller rockets that can be launched from anywhere.
Astra has two core services:
1. They want to provide orbital deliveries to sun-synchronous and low inclination destinations
2. They want to provide dedicated launch services of 50kg - 100kg payloads starting in 2021 and 2022.
Astra has one of the fastest iteration timelines out of any space company. The company was started in 2016 and was already testing its first Rocket 1.0 by 2017 and had competed in the DARPA (Defense Advanced Research Projects Agency) challenge by 2020.
In September of 2020, the company made its first orbital launch attempt and demonstrated launch capability by December of that year.
[Source: Astra Investor Presentation](https://preview.redd.it/e439acaomqk61.png?width=1070&format=png&auto=webp&s=27e2f81d3f1b08cd77d0bac059939bd83bd8762c)
In addition to having a fast timeline, Astra has one of the best management teams out of any space company. Astra also falls in the category of founder-led companies, which is always a nice signal for investors.
Their CEO and co-founder Chris Kemp was the former Chief Technology Officer of NASA and previously co-founded OpenStack. The other co-founder and currently Astra’s CTO Adam London previously led major rocket initiatives at DARPA and NASA and has 4 years of management consulting experience at McKinsey&Company.
Their Chief Engineer Chris Thompson and VP of Manufacturing Bryson Gentile are both ex-Space X employees and their CFO Kelyn Brannon was the former Chief Accounting Officer and VP of Finance for Amazon.
​
[Source: Astra Investor Presentation](https://preview.redd.it/z7526o5tmqk61.png?width=987&format=png&auto=webp&s=f79edb107f9154b0a77b030385bd0871b5619fc3)
Astra’s production goals for the next few years are to build out its rocket factory by the end of 2021 and scale up its factory operations through 2022 and 2023. They have ambitious goals of facilitating monthly launches by 2022.
In the latter half of 2023, Astra wants to begin providing spaceport services to help anyone launch rockets into space. Additionally, they also plan on building out their modular spacecraft platform in 2023, which they claim will substantially increase their revenue growth.
In terms of financials, Astra is still a no-revenue company that has plans on ramping up its productions in the next 5 years. They claim that they can grow revenues from $4 million in 2021 to $67 million in 2022, suggesting a 1700% growth over just one year.
By the year 2025, Astra is projecting roughly $1.5 billion in revenue with a 70% gross margin and 46% EBITDA margin. Their cash flows are also projected to increase significantly over the period as they reduce their CAPEX requirements each year.
Given the enterprise value of $2.1 billion, Astra is currently being valued at 3.1x their 2025 EBITDA projection and 1.41x their 2025 revenue projection. The merger with Holicity will provide the company with $489 million in cash, which will help with the production of their Rocket 3.2 and Rocket 3.3 launch
**Overall Conclusion/TLDR:** Astra is still a speculative company with not a lot of track record and revenue. However, their management team is top-notch and if their product timeline comes to fruition, they could easily become one of the most impactful space companies 5-10 years down the line. Their biggest competitor Rocket Labs is ahead of them in terms of reaching orbit. However, Astra has shown that they can iterate on their products very quickly, and they are aggressively ramping up. The team has extremely ambitious goals, which is always a good sign to look for in a company. If it is between owning Astra v Rocket labs, Astra presents more risk, but a much higher upside as well.
| 40 |
BenDoverR8Now
| 1,614,744,787 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lwkvdz/dd_astraholicity_hol_due_dilligence/
|
lwkvdz
|
gpie6mf
|
Astra is definitely a good one! Unfortunately at this exact moment it's hard to make its case because VACQ is trading below HOL's price. Regardless a solid pick for anyone looking to grab up the recent space spacs.... NSH, VACQ, HOL, NPA, SFTW along with the higher priced SRAC, or merged SPCE.
| 5 |
madcapmax
| 1,614,755,490 |
DD - Astra/Holicity ($HOL) Due Dilligence
|
Disclosure: I own a speculative position (<2% of my portfolio) in Astra ($HOL)
Disclaimer: This is not financial advice. Do your own due diligence before making investment decisions.
Astra is a small satellite launch provider with the mission of offering frequent rocket launches into space. While companies such as Space X and Blue Origin aim to transport people and large amounts of goods, Astra’s goal is to build smaller rockets that can be launched from anywhere.
Astra has two core services:
1. They want to provide orbital deliveries to sun-synchronous and low inclination destinations
2. They want to provide dedicated launch services of 50kg - 100kg payloads starting in 2021 and 2022.
Astra has one of the fastest iteration timelines out of any space company. The company was started in 2016 and was already testing its first Rocket 1.0 by 2017 and had competed in the DARPA (Defense Advanced Research Projects Agency) challenge by 2020.
In September of 2020, the company made its first orbital launch attempt and demonstrated launch capability by December of that year.
[Source: Astra Investor Presentation](https://preview.redd.it/e439acaomqk61.png?width=1070&format=png&auto=webp&s=27e2f81d3f1b08cd77d0bac059939bd83bd8762c)
In addition to having a fast timeline, Astra has one of the best management teams out of any space company. Astra also falls in the category of founder-led companies, which is always a nice signal for investors.
Their CEO and co-founder Chris Kemp was the former Chief Technology Officer of NASA and previously co-founded OpenStack. The other co-founder and currently Astra’s CTO Adam London previously led major rocket initiatives at DARPA and NASA and has 4 years of management consulting experience at McKinsey&Company.
Their Chief Engineer Chris Thompson and VP of Manufacturing Bryson Gentile are both ex-Space X employees and their CFO Kelyn Brannon was the former Chief Accounting Officer and VP of Finance for Amazon.
​
[Source: Astra Investor Presentation](https://preview.redd.it/z7526o5tmqk61.png?width=987&format=png&auto=webp&s=f79edb107f9154b0a77b030385bd0871b5619fc3)
Astra’s production goals for the next few years are to build out its rocket factory by the end of 2021 and scale up its factory operations through 2022 and 2023. They have ambitious goals of facilitating monthly launches by 2022.
In the latter half of 2023, Astra wants to begin providing spaceport services to help anyone launch rockets into space. Additionally, they also plan on building out their modular spacecraft platform in 2023, which they claim will substantially increase their revenue growth.
In terms of financials, Astra is still a no-revenue company that has plans on ramping up its productions in the next 5 years. They claim that they can grow revenues from $4 million in 2021 to $67 million in 2022, suggesting a 1700% growth over just one year.
By the year 2025, Astra is projecting roughly $1.5 billion in revenue with a 70% gross margin and 46% EBITDA margin. Their cash flows are also projected to increase significantly over the period as they reduce their CAPEX requirements each year.
Given the enterprise value of $2.1 billion, Astra is currently being valued at 3.1x their 2025 EBITDA projection and 1.41x their 2025 revenue projection. The merger with Holicity will provide the company with $489 million in cash, which will help with the production of their Rocket 3.2 and Rocket 3.3 launch
**Overall Conclusion/TLDR:** Astra is still a speculative company with not a lot of track record and revenue. However, their management team is top-notch and if their product timeline comes to fruition, they could easily become one of the most impactful space companies 5-10 years down the line. Their biggest competitor Rocket Labs is ahead of them in terms of reaching orbit. However, Astra has shown that they can iterate on their products very quickly, and they are aggressively ramping up. The team has extremely ambitious goals, which is always a good sign to look for in a company. If it is between owning Astra v Rocket labs, Astra presents more risk, but a much higher upside as well.
| 40 |
BenDoverR8Now
| 1,614,744,787 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lwkvdz/dd_astraholicity_hol_due_dilligence/
|
lrm5vy
|
gomhnpj
|
I’m with you. I’ve done the same DD that you are finding. I’m long tens of thousands of warrants and added 6000 commons yesterday morning.
One thing I think you should look into is Boost Mobile. I’m trying to see if there are any dots to connect here. Does Dish need OneWeb to make Boost Mobile a viable fourth carrier? I haven’t been able to link these together but there is more to uncover here.
| 7 |
mathemology
| 1,614,198,211 |
Satellite Internet from Space! A look at OneWeb & CONX - Part 2
|
Here we continue our discussion on CONX - OneWeb
**4) OneWeb's competitive advantage**
Well..you saw the list of competitors in the LEO constellation segment. With names like Starlink and Amazon you might be scared off. But here is some analysis:
\--- Amazon's Project Kuiper isn't due to launch until 2023 at the earliest. OneWeb is targeting to have service this year - 2021. First/early mover advantage.
\--- Telesat - 1st launch not scheduled until 2023 at earliest as well
\--- OneWeb's system is simpler than Starlink - which means less chance of something going wrong
\--- OneWeb has a spectrum advantage over Starlink
**July 2020 - How OneWeb’s $1 billion bankruptcy rescue changes the competitive landscape for Elon Musk’s Starlink**
[https://www.cnbc.com/2020/07/10/onewebs-bankruptcy-rescue-changes-the-competition-for-elon-musks-spacex-starlink.html](https://www.cnbc.com/2020/07/10/onewebs-bankruptcy-rescue-changes-the-competition-for-elon-musks-spacex-starlink.html)
OneWeb’s return from bankruptcy means that it will retain the “priority rights” it has to the Ku-band of satellite spectrum, Quilty explained. Spectrum is managed by government regulators on a first-come-first-serve basis, Quilty said, so the company that “files first has priority rights” to that band of spectrum. While regulators expect companies to share use of the spectrum, he said the company with priority rights gets to essentially “set the rules” for how it uses the spectrum.
**\*\*\*“It’s not crippling \[to SpaceX\] but it’s a hindrance to the performance of their system,” Quilty said. “Elon Musk is not only challenging OneWeb for a LEO broadband business, he’s also challenging them for the exact same spectrum in the Ku-band — and he filed second. The fact that OneWeb has been revived means they’re still stuck in this sort of junior position.”**
\--- AST \[I think of the early computer company AST whenever I see these initials. Couldn't they have thought of something else? AST & Science...dumb name. Ok..besides that, AST has more risk at this point. OneWeb has already launched 110 satellites. AST is also only funded through the first 20 satellites. So funding risk. Note: AST also competes differently. Going direct to mobile, not as a telco backhaul per se.
[https://arstechnica.com/science/2020/11/nasa-objects-to-new-megaconstellation-citing-risk-of-catastrophic-collison/](https://arstechnica.com/science/2020/11/nasa-objects-to-new-megaconstellation-citing-risk-of-catastrophic-collison/)
Finally, the space agency is concerned because AST has never built a satellite remotely close in size to the 1-ton or larger vehicles that will populate its constellation. Given this lack of experience...
[https://www.cnbc.com/2020/12/16/ast-science-going-public-through-spac-at-1point8-billion-valuation.html](https://www.cnbc.com/2020/12/16/ast-science-going-public-through-spac-at-1point8-billion-valuation.html)
The SPAC deal funds AST’s development of SpaceMobile through “phase one” construction, giving the company “enough capital to launch our first 20 satellites,”
\--- OneWeb is contracted to use ArianeSpace and Soyuz rockets to launch. Ultra-reliable!
​
\*\*\*And besides all this, is the marketplace big enough for all these companies? Time will tell.
**\*\*\*Remember - OneWeb, due to the investment by the UK Govt and Bharti Telecom - means they already have customers, so to speak.**
​
5) **Is it CONX?**
CONX is a SPAC started by the billionaire founder of Dish and Echostar - Charlie Ergen. Echostar owns Hughes, who invested $50 million in Jan 2021 along with Softbank ($350) to help revive OneWeb. $50 million seems small until you understand CONX.
This SPAC flew under the radar when it was first reported in the news in October 2020
[https://thedesk.matthewkeys.net/2020/10/conx-corp-charlie-ergen-ipo-dish/](https://thedesk.matthewkeys.net/2020/10/conx-corp-charlie-ergen-ipo-dish/)
As far as I have seen there is NO WEBSITE for CONX. Isn't that unusual? \[If you find one, link it\] It's as if this SPAC vehicle was created for one reason, and one reason alone --> to take OneWeb public. And here's supporting data:
\--- What I find interesting about CONX is when it first filed an S-1, there were only 2 management folks - Charlie Ergen and a 30-year long time trusted advisor / business associate. No Board of Directors, nothing. Even press releases re: CONX were minimal.
\--- Somebody mentioned that maybe CONX was formed to buy out DirecTV. This article shoots that down pretty quick as well as the S-1 language as noted in another post.
Jan 2021 - TPG Eyes DirecTV ---> Mentions TPG is in **EXCLUSIVE** talks to buy DirecTV
[https://advanced-television.com/2021/01/25/tpg-eyes-directv/](https://advanced-television.com/2021/01/25/tpg-eyes-directv/)
\--- The SPONSOR of CONX is called **nXgen Opportunities**. Does that sound like DirecTV? No, it sounds like something cutting edge, new, & different. What could it be?
\--- 2 new board members added since S-1
One is somebody named Gerald Gorman - who has a background in SATELLITE FINANCING and INDIA.
"Mr. Gorman was a Managing Director in the investment banking division of Donaldson, Lufkin & Jenrette where he founded the Satellite Financing Group and completed pioneering transactions for satellite industry leaders, including Dish Network, PanAmSat Corporation, and Asia Satellite Telecommunications Company " \[Also invested in [India.com](https://India.com)\]
But the big one was added in late January:
The **former CEO of OneWeb Adrian Steckel.** Find videos on Youtube with him talking. He was added to the AUDIT committee.
\-- Why is the CONX SPAC Size $1 billion? That's on the high range of SPACs.
[https://spacenews.com/oneweb-optimistic-about-raising-the-funding-needed-to-complete-its-constellation/](https://spacenews.com/oneweb-optimistic-about-raising-the-funding-needed-to-complete-its-constellation/)
He estimated OneWeb will need to raise **$2.5 billion** to complete the constellation. Half of that, he said, has been arranged between Bharti Enterprises and the U.K. government, who combined own about 85% of the post-bankruptcy company. “I don’t see raising capital for this wonderful project for the balance amount to be any issue,” he said, noting that Bharti Enterprises had raised more than $12 billion in the last 18–24 months for other projects
[https://www.oneweb.world/media-center/oneweb-secures-investment-from-softbank-and-hughes-network-systems](https://www.oneweb.world/media-center/oneweb-secures-investment-from-softbank-and-hughes-network-systems)
Another $400 million in January 2021 from Softbank & Hughes.
\--> So....OneWeb has already raised $1.4 billion in fresh $. They say they need $2.5. Where is the other 1.1 billion going to come from? ~~Coincidentally or not~~ \- ~~CONX is a $1.1 billion SPAC~~, Edit: $862 million w/ underwriter allotment $750 million w/o. Not sure where the remaining $$ comes from to get to 2.5 billion. See note at bottom.
#
​
6) **Valuation of CONX and/or other Satellite Constellation Providers**
Without an Investor Presentation trying to guess the value of CONX / OneWeb would be a fool's errand.
Musk said it himself: Once we can predict cash flow reasonably well, Starlink will IPO. But can we guess / estimate now?
Musk has stated he hopes for **$50 billion in revenue per year** from Starlink. It's not clear with how many satellites that is. Since OneWeb's initial constellation for 2021-2022 is smaller for the time being....obviously their revenue is going to be a fraction of Starlink for now. But the Earth is big, there is room for more than one player. More than two players. Even if we said OneWeb is 10% of the size of Starlink --> that's $5 billion in revenue / year. And with "quasi-guaranteed" customers of BT - British Telecom (or similar) and Airtel...OneWeb is already on its way.
EDIT: At 5% of Starlink's size- that's 2.5 billion / year. What is EBITDA....your guess is as good as mine. So let's not. 5% is perhaps more accurate based on Terabits per second capacity. 23.7 vs 1.56 Tbps - 2018 PDF in Part 1. \[Need more updated numbers, perhaps I can find them later\]
OneWeb is more of a B2B play. Starlink a B2C.
[https://investmentu.com/starlink-ipo/](https://investmentu.com/starlink-ipo/)
Here's a nice summary of other SPACE SPACs.
[https://www.reddit.com/r/SPACs/comments/lmxpso/update\_summary\_of\_spacerelated\_spacs\_including/](https://www.reddit.com/r/SPACs/comments/lmxpso/update_summary_of_spacerelated_spacs_including/)
​
7) **Hopes & Dreams - Should You Buy?**
No doubt about it, SPACE is a hot investment area right now. Is it hotter than EV / clean energy? Looking at the valuations of other SPACE related SPACs of recent times, you could make an argument that it is.
[https://www.reddit.com/r/SPACs/comments/lmxpso/update\_summary\_of\_spacerelated\_spacs\_including](https://www.reddit.com/r/SPACs/comments/lmxpso/update_summary_of_spacerelated_spacs_including/)
The poster child is Virgin Galactic. It has a sky high valuation and yet very small forecasted revenue.
[https://www.fiercewireless.com/tech/spacex-winning-rdof-funds-2021-could-be-year-satellite-broadband-lifts-off](https://www.fiercewireless.com/tech/spacex-winning-rdof-funds-2021-could-be-year-satellite-broadband-lifts-off)
As Starlink gains more press too, that should be a bonus for OneWeb as well. As Project Kuiper gains more press, ditto.
​
TL;DR:
CONX is going to reverse merger with OneWeb soon. SPACE is a hot investment sector which means the probability of CONX having a nice up move before & after DA and up to merger seems high. Downside risk is limited at current levels.
​
Disclosure AND Disclaimer: I am not a financial advisor and I have \~1500 common stock and \~1500 warrants. This is an information only post. Do your own DD. If I made a mistake anywhere, point it out.
Oh and if you like this analysis, I need a new job. Send me a message! :)
​
EDIT: CONX IPO is at $750 million - downsized. But the intent was 1.0 - 1.1 billion.
[https://www.nasdaq.com/articles/charles-ergens-spac-conx-prices-%24750-million-ipo-at-%2410-2020-10-30](https://www.nasdaq.com/articles/charles-ergens-spac-conx-prices-%24750-million-ipo-at-%2410-2020-10-30)
[https://www.reuters.com/article/us-conx-corp-ipo-idUSKBN27B1A3](https://www.reuters.com/article/us-conx-corp-ipo-idUSKBN27B1A3) \- apparently October had numerous downsized SPACs.
EDIT2: There will perhaps be a PIPE of $350 million to get the state goal of needing 2.5 billion. From Bharti, Hughes, Softbank, or someone else.
| 38 |
earthcomedy
| 1,614,197,359 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrm5vy/satellite_internet_from_space_a_look_at_oneweb/
|
lrm5vy
|
gonclfl
|
Fellow AST name hater here. Even the logo is almost the same, which I kind of like along with the visuals in general. Anyway I have a minor issue with your take on AST:
To represent a more balanced take on NPA / AST & Science's Spacemobile, maybe this could be added to the otherwise great DD since it's from November so the situation hasn't been one you're describing for months.
NASA's comment from 19th of November 2020:
"NASA has since begun collaborating with AST \[the company backing SpaceMobile\] to facilitate the sharing of data and conjunction mitigation best practices, which, over time, we believe will enable safe operations in space and promote mutual success," a NASA spokesperson wrote in response to questions from Light Reading.
NASA did note that its initial SpaceMobile conclusions were based on "a very limited amount of information."
Source: [https://www.lightreading.com/iot/policymakers-oblige-5g-satellite-aspirants/d/d-id/765585](https://www.lightreading.com/iot/policymakers-oblige-5g-satellite-aspirants/d/d-id/765585)
As posted by /u/apan-man here few months ago [https://www.reddit.com/r/SPACs/comments/kinbyk/ast\_spacemobile\_npa\_collaborating\_with\_nasa\_to/](https://www.reddit.com/r/SPACs/comments/kinbyk/ast_spacemobile_npa_collaborating_with_nasa_to/).
Positions: Long NPA & CONX commons <100 each
| 6 |
Schiff_Me
| 1,614,213,393 |
Satellite Internet from Space! A look at OneWeb & CONX - Part 2
|
Here we continue our discussion on CONX - OneWeb
**4) OneWeb's competitive advantage**
Well..you saw the list of competitors in the LEO constellation segment. With names like Starlink and Amazon you might be scared off. But here is some analysis:
\--- Amazon's Project Kuiper isn't due to launch until 2023 at the earliest. OneWeb is targeting to have service this year - 2021. First/early mover advantage.
\--- Telesat - 1st launch not scheduled until 2023 at earliest as well
\--- OneWeb's system is simpler than Starlink - which means less chance of something going wrong
\--- OneWeb has a spectrum advantage over Starlink
**July 2020 - How OneWeb’s $1 billion bankruptcy rescue changes the competitive landscape for Elon Musk’s Starlink**
[https://www.cnbc.com/2020/07/10/onewebs-bankruptcy-rescue-changes-the-competition-for-elon-musks-spacex-starlink.html](https://www.cnbc.com/2020/07/10/onewebs-bankruptcy-rescue-changes-the-competition-for-elon-musks-spacex-starlink.html)
OneWeb’s return from bankruptcy means that it will retain the “priority rights” it has to the Ku-band of satellite spectrum, Quilty explained. Spectrum is managed by government regulators on a first-come-first-serve basis, Quilty said, so the company that “files first has priority rights” to that band of spectrum. While regulators expect companies to share use of the spectrum, he said the company with priority rights gets to essentially “set the rules” for how it uses the spectrum.
**\*\*\*“It’s not crippling \[to SpaceX\] but it’s a hindrance to the performance of their system,” Quilty said. “Elon Musk is not only challenging OneWeb for a LEO broadband business, he’s also challenging them for the exact same spectrum in the Ku-band — and he filed second. The fact that OneWeb has been revived means they’re still stuck in this sort of junior position.”**
\--- AST \[I think of the early computer company AST whenever I see these initials. Couldn't they have thought of something else? AST & Science...dumb name. Ok..besides that, AST has more risk at this point. OneWeb has already launched 110 satellites. AST is also only funded through the first 20 satellites. So funding risk. Note: AST also competes differently. Going direct to mobile, not as a telco backhaul per se.
[https://arstechnica.com/science/2020/11/nasa-objects-to-new-megaconstellation-citing-risk-of-catastrophic-collison/](https://arstechnica.com/science/2020/11/nasa-objects-to-new-megaconstellation-citing-risk-of-catastrophic-collison/)
Finally, the space agency is concerned because AST has never built a satellite remotely close in size to the 1-ton or larger vehicles that will populate its constellation. Given this lack of experience...
[https://www.cnbc.com/2020/12/16/ast-science-going-public-through-spac-at-1point8-billion-valuation.html](https://www.cnbc.com/2020/12/16/ast-science-going-public-through-spac-at-1point8-billion-valuation.html)
The SPAC deal funds AST’s development of SpaceMobile through “phase one” construction, giving the company “enough capital to launch our first 20 satellites,”
\--- OneWeb is contracted to use ArianeSpace and Soyuz rockets to launch. Ultra-reliable!
​
\*\*\*And besides all this, is the marketplace big enough for all these companies? Time will tell.
**\*\*\*Remember - OneWeb, due to the investment by the UK Govt and Bharti Telecom - means they already have customers, so to speak.**
​
5) **Is it CONX?**
CONX is a SPAC started by the billionaire founder of Dish and Echostar - Charlie Ergen. Echostar owns Hughes, who invested $50 million in Jan 2021 along with Softbank ($350) to help revive OneWeb. $50 million seems small until you understand CONX.
This SPAC flew under the radar when it was first reported in the news in October 2020
[https://thedesk.matthewkeys.net/2020/10/conx-corp-charlie-ergen-ipo-dish/](https://thedesk.matthewkeys.net/2020/10/conx-corp-charlie-ergen-ipo-dish/)
As far as I have seen there is NO WEBSITE for CONX. Isn't that unusual? \[If you find one, link it\] It's as if this SPAC vehicle was created for one reason, and one reason alone --> to take OneWeb public. And here's supporting data:
\--- What I find interesting about CONX is when it first filed an S-1, there were only 2 management folks - Charlie Ergen and a 30-year long time trusted advisor / business associate. No Board of Directors, nothing. Even press releases re: CONX were minimal.
\--- Somebody mentioned that maybe CONX was formed to buy out DirecTV. This article shoots that down pretty quick as well as the S-1 language as noted in another post.
Jan 2021 - TPG Eyes DirecTV ---> Mentions TPG is in **EXCLUSIVE** talks to buy DirecTV
[https://advanced-television.com/2021/01/25/tpg-eyes-directv/](https://advanced-television.com/2021/01/25/tpg-eyes-directv/)
\--- The SPONSOR of CONX is called **nXgen Opportunities**. Does that sound like DirecTV? No, it sounds like something cutting edge, new, & different. What could it be?
\--- 2 new board members added since S-1
One is somebody named Gerald Gorman - who has a background in SATELLITE FINANCING and INDIA.
"Mr. Gorman was a Managing Director in the investment banking division of Donaldson, Lufkin & Jenrette where he founded the Satellite Financing Group and completed pioneering transactions for satellite industry leaders, including Dish Network, PanAmSat Corporation, and Asia Satellite Telecommunications Company " \[Also invested in [India.com](https://India.com)\]
But the big one was added in late January:
The **former CEO of OneWeb Adrian Steckel.** Find videos on Youtube with him talking. He was added to the AUDIT committee.
\-- Why is the CONX SPAC Size $1 billion? That's on the high range of SPACs.
[https://spacenews.com/oneweb-optimistic-about-raising-the-funding-needed-to-complete-its-constellation/](https://spacenews.com/oneweb-optimistic-about-raising-the-funding-needed-to-complete-its-constellation/)
He estimated OneWeb will need to raise **$2.5 billion** to complete the constellation. Half of that, he said, has been arranged between Bharti Enterprises and the U.K. government, who combined own about 85% of the post-bankruptcy company. “I don’t see raising capital for this wonderful project for the balance amount to be any issue,” he said, noting that Bharti Enterprises had raised more than $12 billion in the last 18–24 months for other projects
[https://www.oneweb.world/media-center/oneweb-secures-investment-from-softbank-and-hughes-network-systems](https://www.oneweb.world/media-center/oneweb-secures-investment-from-softbank-and-hughes-network-systems)
Another $400 million in January 2021 from Softbank & Hughes.
\--> So....OneWeb has already raised $1.4 billion in fresh $. They say they need $2.5. Where is the other 1.1 billion going to come from? ~~Coincidentally or not~~ \- ~~CONX is a $1.1 billion SPAC~~, Edit: $862 million w/ underwriter allotment $750 million w/o. Not sure where the remaining $$ comes from to get to 2.5 billion. See note at bottom.
#
​
6) **Valuation of CONX and/or other Satellite Constellation Providers**
Without an Investor Presentation trying to guess the value of CONX / OneWeb would be a fool's errand.
Musk said it himself: Once we can predict cash flow reasonably well, Starlink will IPO. But can we guess / estimate now?
Musk has stated he hopes for **$50 billion in revenue per year** from Starlink. It's not clear with how many satellites that is. Since OneWeb's initial constellation for 2021-2022 is smaller for the time being....obviously their revenue is going to be a fraction of Starlink for now. But the Earth is big, there is room for more than one player. More than two players. Even if we said OneWeb is 10% of the size of Starlink --> that's $5 billion in revenue / year. And with "quasi-guaranteed" customers of BT - British Telecom (or similar) and Airtel...OneWeb is already on its way.
EDIT: At 5% of Starlink's size- that's 2.5 billion / year. What is EBITDA....your guess is as good as mine. So let's not. 5% is perhaps more accurate based on Terabits per second capacity. 23.7 vs 1.56 Tbps - 2018 PDF in Part 1. \[Need more updated numbers, perhaps I can find them later\]
OneWeb is more of a B2B play. Starlink a B2C.
[https://investmentu.com/starlink-ipo/](https://investmentu.com/starlink-ipo/)
Here's a nice summary of other SPACE SPACs.
[https://www.reddit.com/r/SPACs/comments/lmxpso/update\_summary\_of\_spacerelated\_spacs\_including/](https://www.reddit.com/r/SPACs/comments/lmxpso/update_summary_of_spacerelated_spacs_including/)
​
7) **Hopes & Dreams - Should You Buy?**
No doubt about it, SPACE is a hot investment area right now. Is it hotter than EV / clean energy? Looking at the valuations of other SPACE related SPACs of recent times, you could make an argument that it is.
[https://www.reddit.com/r/SPACs/comments/lmxpso/update\_summary\_of\_spacerelated\_spacs\_including](https://www.reddit.com/r/SPACs/comments/lmxpso/update_summary_of_spacerelated_spacs_including/)
The poster child is Virgin Galactic. It has a sky high valuation and yet very small forecasted revenue.
[https://www.fiercewireless.com/tech/spacex-winning-rdof-funds-2021-could-be-year-satellite-broadband-lifts-off](https://www.fiercewireless.com/tech/spacex-winning-rdof-funds-2021-could-be-year-satellite-broadband-lifts-off)
As Starlink gains more press too, that should be a bonus for OneWeb as well. As Project Kuiper gains more press, ditto.
​
TL;DR:
CONX is going to reverse merger with OneWeb soon. SPACE is a hot investment sector which means the probability of CONX having a nice up move before & after DA and up to merger seems high. Downside risk is limited at current levels.
​
Disclosure AND Disclaimer: I am not a financial advisor and I have \~1500 common stock and \~1500 warrants. This is an information only post. Do your own DD. If I made a mistake anywhere, point it out.
Oh and if you like this analysis, I need a new job. Send me a message! :)
​
EDIT: CONX IPO is at $750 million - downsized. But the intent was 1.0 - 1.1 billion.
[https://www.nasdaq.com/articles/charles-ergens-spac-conx-prices-%24750-million-ipo-at-%2410-2020-10-30](https://www.nasdaq.com/articles/charles-ergens-spac-conx-prices-%24750-million-ipo-at-%2410-2020-10-30)
[https://www.reuters.com/article/us-conx-corp-ipo-idUSKBN27B1A3](https://www.reuters.com/article/us-conx-corp-ipo-idUSKBN27B1A3) \- apparently October had numerous downsized SPACs.
EDIT2: There will perhaps be a PIPE of $350 million to get the state goal of needing 2.5 billion. From Bharti, Hughes, Softbank, or someone else.
| 38 |
earthcomedy
| 1,614,197,359 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrm5vy/satellite_internet_from_space_a_look_at_oneweb/
|
lrihiz
|
gomdahb
|
Wow, this is legit DD. Thank you for your services. The exact science of quantum computing might be too advanced for my brain but it’s great that you pointed out (as I also realized before) that IonQ is not exactly pre-revenue. This is very important. I believe they are already generating revenue via direct partners among various industries for using/testing the beta version of their latest system this quarter. That will accelerate commercial adoption later on.
| 7 |
Sensei071
| 1,614,196,331 |
Primer on Quantum Computing and a bit on IonQ (DMYI rumor target)
|
Disclosure: I am long DMYI (2500 shares) and DMYI warrants (1750 warrants), and have been for a little while pre-rumor because they were the only prospectus I could find that targeted QC specifically. I was hoping they would find a credible QC target to marge with, and they have.
Disclaimer: This is not investment advice, and I am making no recommendation for/against DMYI or IonQ. This is just meant to answer some question about QC.
I have followed the QC space in some detail for a few years, and know many of the players at some level of detail. I have my own opinions about the field, but the important thing to remember is that there is a lot of uncertainty (technical, business, use-case), but also a massive potential opportunity.
You can find some decent talks about QC at various levels from the 2020 Q2B conference, now publicly available: [https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS](https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS)
​
\*\*Basics:\*\*There are many resources out there if you want to learn the basics of QC, so I will leave it to you to google them. But I will highlight a few key points.
1. Quantum computing that is practically impactful is generally seen by the majority of experts in the field as possible theoretically, though challenges remain to making QCs big enough to find practical impact. Most also seem to believe we will get there, though many do not talk with much specificity about the timing.
2. The near-term future of QC is generally referred to ask the NISQ era (noisy, intermmediate scale quantum). Basically this just means quantum computing before large-scale error correction. This is the paper from Caltech that defined the term by John Preskill and has some good information: [https://arxiv.org/abs/1801.00862](https://arxiv.org/abs/1801.00862)
3. The qubits that make up quantum computers are error prone given the fragile nature of the quantum states. Current state of the art systems in ion trap (IonQ, Honeywell,...) and superconducting qubits (IBM, Google, ...) have about a 0.5% chance of an error during a so-called 2-qubit gate operation. This limits the complexity of the calculation you can do in the near term. These intrinsic physical error rates should improve with time, but getting much beyond 0.01% error may be difficult in practical system (this is an open research question).
4. This is where error correction comes in longer term. People have come up with error-correction codes that can take those modest physical error rates and create a much lower error rate by making a so-called logical qubit. This comes at the cost of having to use many physical qubits to make a single logical qubit. For example, if you wanted a logical error rate of 10\^-12, and the physical error rate is 0.1%, then it may require about 1000 physical qubits per logical qubit. This future error correction regime is likely where the most impactful applications will be found.
5. Most people believe that with a few hundred to a few thousand very good logical qubits, you can solve some really impactful real world problems and create significant value. The million-qubit systems that you will see later in the roadmaps should yield systems with this scale of logical qubits (if the roadmaps are correct).
6. However, it is also possible to tune the degree of error correction that you want to perform. This is likely what IonQ wants to do with their "algorithmic qubits" in the 2026+ timeframe, where they are assuming 16:1 or 32:1 physical qubit-to-logical qubit overhead. Their thought likely being that they may not need a 10\^-12 error rate to solve a practical problem, maybe 10\^-6 is good enough. I think there could be interesting applications that may be found in this regime of partial error correction, but it still seems to be a bit of an open question.[https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
7. But let me reiterate that the practical applications before full-scale error correction are still speculative. Many experts believe that the community will find applications before then, but it is not certain.
8. *Added via edit:* One more thing...Quantum computers will not replace classical computer in most applications. Most of the work that is done by typical datacenters and cloud are probably not the types of workloads that will be replaced by QC. The more obvious workloads that could be replaced by QC would be those that are performed on classical HPC system. In the longer term, quantum machine learning and quantum unstructured search algorithms could possibly eat into some of those datacenter or cloud workloads as well. Also, it is like people will find applications we are not yet thinking of.
**Quantum computing hardware roadmaps:**
Most of the major hardware providers (IBM, Google, Honeywell, IonQ) provided some kind of roadmap in the last year for hardware development. The common theme is an exponential scaling expectation in the number of qubits (which is good news for implementing error correction), and the achievement of some kind of error-corrected QC in then 5-10 years (rigorous experimental demonstration of error correction at the early end, and deployment of decent sized systems at the later end).
IonQ: [https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
* Targeting \~1000 partially error corrected qubits in 2028
* This translate to \~32000 physical qubits based on their 32:1 error-correction overhead
Honeywell: [https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1](https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1)
* Timeline provided is vague, but expecting an error-corrected QC by 2030
IBM: [https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/](https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/)
* Targeting \~1000 physical qubits in 2023, and this will serve as the building block for scaling up error correction
* Targeting 1 million qubits at some undefined point in the future (though perhaps 2030 is the target: [https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/](https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/)).
Google: Q2B conference talk from Google: [https://www.youtube.com/watch?v=tY2L41VHI3I](https://www.youtube.com/watch?v=tY2L41VHI3I)
* Targeting 1 million physical qubits in 2029
​
**Ion-trap vs superconducting qubits:**
There is a lot of details to the technology that I will gloss over, but in general terms there are two current leading qubit approaches in QC. They are ion-trap qubits and superconducting qubits.
At a high level, the number of qubits and error rates are somewhat similar at the moment from the leading providers.
Some of the major differentiating factors at the moment:
* Ion-trap devices have all-to-all connectivity of the qubits (at least at todays scale), and superconducting qubits typically have a 2D grid type design (connectivity of 4 or less). The reason this is important is that connectivity effects the efficiency at which you can compile algorithms to run on the hardware. This will likely give ion-trap an advantage in the near term because the same algorithm will take less operations on the hardware. In the long term, it may also be an advantage to ion trap because error correction may also require less overhead (though I am less sure about this)
* The gate operation speeds on ion-trap is around 100-1000x slower than on superconducting qubits. Superconducting gate operations take 10-100 nanoseconds where as ion-trap gate operations take 10-100 microseconds. This matters for wall time of running an algorithm. Right now it is not really an issue, but I think this could be something to worry about when QCs are able to run longer and more complex circuits. It may be possible to speed up ion-trap operations, but that is still an early R&D topic.
* Scale-up risk are quite different for these technology because of the way qubits are housed and controlled. I won't go into the details, but both have engineering/technology risk associated with scale up. However, both have solid ideas about how to do it.
Other qubits types exist and may be viable competitors. A wildcard may be PsiQuantum that has raised a few hundred million in VC money, but they have provided almost no information publicly, so it is hard to know their true credibility. Silicon-based qubits may prove easier to scale (leveraging existing semiconductor fab capabilities), but their current status is years behind the leaders and the physics may be intrinsically harder. Hybrid approach that utilize resonators/cavities could also be interesting. Quantum Circuits Inc is a startup in that space from some of the earlier qubit pioneers, and Amazon's cohort of academics recently published a theoretical architecture paper that describes a similar conceptual approach but implemented differently than QCI.
*NOTE: Please don't confuse Quantum Circuit Inc (QCI) hardware company with the publicly traded Quantum Computing Inc (QCI as well, but ticker QUBT) that is working on software or something.*
​
**Applications:**
The four general application of quantum computing are as follows:
1. Chemistry and materials: there is a strong theoretical basis that QC will solve problems that we cannot solve today with classical computers. It is just a matter of building a large enough quantum computer to solve those problems. In the longer term, this will impact materials discovery, drug discovery, and likely energy/climate aspects. One of the favorite examples in the QC community is saying how QC will help design better nitrogen fixation catalysts by better understand the bacterial FeMoco enzyme that can essentially turn nitrogen in the air into fertilizer easily. Industrial processes today using high-T, high pressure processes that consume perhaps 2% of worlds energy to make fertilizer using nitrogen in the air (people have to eat, right).
2. Optimization: combinatorial optimization problems are likely well suited to QC. Things like traveling salesman type problems or graph optimization may be examples. You can imagine many valuable uses for this in finance, logistics, e-commerce, process optimization, supply chain, etc.
3. Machine learning: this is still a speculative application but there is a lot of R&D related to algorithm development in this area. Given that classical ML is typically heuristic in nature, I think there is reason to hope QC may be able to find use cases here. There are major outstanding questions as to how it can compete with state of the art classical ML that deals with very large datasets. It is an open question but with a lot of promise.
4. Cryptography: A lot has been made of the potential for QC to break RSA security protocols. This is a theoretically proven application, but the value is not clear. Some of the building blocks of Shor's algorithm for prime factoring that could be used to break RSA have been used in other applications like chemistry.
There are other building block type "applications" that people are working on, such as solving linear systems of equations and differential equations. These will be important to many engineering disciplines if they prove practical, and could serve as the foundations for solving many problems.
Here is a presentation/article from BCG that talks about applications and potential value creation: [https://www.youtube.com/watch?v=jw6q6bDl4s4](https://www.youtube.com/watch?v=jw6q6bDl4s4); [https://www.bcg.com/publications/2019/quantum-computers-create-value-when](https://www.bcg.com/publications/2019/quantum-computers-create-value-when)
BCG predicts that in the long term, QC could generate on the order of $500B per year in impact to operating income (additional income + operating efficiencies). This probably is just them sticking their finger in the wind to a large degree, but I think it is reasonable to expect that if QC evolves the way people expect, it will create a massive amount of value and the winning QC companies will be quite valuable.
**Potential Near-term Revenue:**
Although the major impact (and revenue) is likely later in the decade, most QC hardware companies will make some revenue from sale of compute time (and probably some from direct partnership where partners buy direct access to compute). For IonQ in particular, they are charging about $0.01 per "shot" with their system deployed with AWS Braket (Amazon's quantum cloud service). Each "shot" means a quantum circuit execution.
[https://aws.amazon.com/braket/pricing/](https://aws.amazon.com/braket/pricing/)
By my estimates, this could work out to about $3000/hr for IonQ compute time. Typically, in the current paradigm people have to do highly iterative algorithms with a lot of shots to get good statistical results in the presence of noise, and a typical single circuit evaluation on an ion-trap QC may take on the order of 10 milliseconds, plus or minus an order of magnitude. Single gate operations in a quantum computer of this type take 10s or 100s of microseconds ([https://docs.microsoft.com/en-us/azure/quantum/provider-ionq](https://docs.microsoft.com/en-us/azure/quantum/provider-ionq)) as mentioned earlier, and you may have 100s of those in a current exploratory R&D type algorithm. Plus you need time for the initial state preparation, measurement at the end, and reset of the QC before the next circuit execution.
IBM essentially sells access through their Q Network partnership program, Honeywell has their QC available on the Microsoft cloud, Google is making theirs available to select partners as part of collaborations. The hardware providers are trying to find ways to fund the development, though we should not expect these revenues to fully offset development costs, though any revenue is good at this stage.
All of the compute time they sell will be essentially for early R&D on quantum algorithm development toward future use cases, but if there is demand from this R&D usage they could generate a decent amount of revenue from it. It is hard to know what the demand will be, and this likely depend on how close (or far) end-users believe impact to their industries is from reality. None of the companies are saying anything publicly about the potential early revenue, so I really have no idea. Perhaps the IonQ investor deck will give the first hard numbers in that direction.
​
​
I will stop here, but feel free to ask any questions in this thread and I will try to answer them when I have time. At this point, it is too early to say which technology may be a winner, but it is a really interesting area that is developing rapidly right now.
Again, there is a lot of uncertainty in this field in terms of technology winners and market, but the theoretical foundations are solid and the potential impact in the long term is very large.
| 79 |
Artmasterx
| 1,614,188,179 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrihiz/primer_on_quantum_computing_and_a_bit_on_ionq/
|
lrihiz
|
gomm8n4
|
This sounds a lot like biotech investments . Hit or miss kind of play .
| 6 |
ms41203
| 1,614,199,994 |
Primer on Quantum Computing and a bit on IonQ (DMYI rumor target)
|
Disclosure: I am long DMYI (2500 shares) and DMYI warrants (1750 warrants), and have been for a little while pre-rumor because they were the only prospectus I could find that targeted QC specifically. I was hoping they would find a credible QC target to marge with, and they have.
Disclaimer: This is not investment advice, and I am making no recommendation for/against DMYI or IonQ. This is just meant to answer some question about QC.
I have followed the QC space in some detail for a few years, and know many of the players at some level of detail. I have my own opinions about the field, but the important thing to remember is that there is a lot of uncertainty (technical, business, use-case), but also a massive potential opportunity.
You can find some decent talks about QC at various levels from the 2020 Q2B conference, now publicly available: [https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS](https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS)
​
\*\*Basics:\*\*There are many resources out there if you want to learn the basics of QC, so I will leave it to you to google them. But I will highlight a few key points.
1. Quantum computing that is practically impactful is generally seen by the majority of experts in the field as possible theoretically, though challenges remain to making QCs big enough to find practical impact. Most also seem to believe we will get there, though many do not talk with much specificity about the timing.
2. The near-term future of QC is generally referred to ask the NISQ era (noisy, intermmediate scale quantum). Basically this just means quantum computing before large-scale error correction. This is the paper from Caltech that defined the term by John Preskill and has some good information: [https://arxiv.org/abs/1801.00862](https://arxiv.org/abs/1801.00862)
3. The qubits that make up quantum computers are error prone given the fragile nature of the quantum states. Current state of the art systems in ion trap (IonQ, Honeywell,...) and superconducting qubits (IBM, Google, ...) have about a 0.5% chance of an error during a so-called 2-qubit gate operation. This limits the complexity of the calculation you can do in the near term. These intrinsic physical error rates should improve with time, but getting much beyond 0.01% error may be difficult in practical system (this is an open research question).
4. This is where error correction comes in longer term. People have come up with error-correction codes that can take those modest physical error rates and create a much lower error rate by making a so-called logical qubit. This comes at the cost of having to use many physical qubits to make a single logical qubit. For example, if you wanted a logical error rate of 10\^-12, and the physical error rate is 0.1%, then it may require about 1000 physical qubits per logical qubit. This future error correction regime is likely where the most impactful applications will be found.
5. Most people believe that with a few hundred to a few thousand very good logical qubits, you can solve some really impactful real world problems and create significant value. The million-qubit systems that you will see later in the roadmaps should yield systems with this scale of logical qubits (if the roadmaps are correct).
6. However, it is also possible to tune the degree of error correction that you want to perform. This is likely what IonQ wants to do with their "algorithmic qubits" in the 2026+ timeframe, where they are assuming 16:1 or 32:1 physical qubit-to-logical qubit overhead. Their thought likely being that they may not need a 10\^-12 error rate to solve a practical problem, maybe 10\^-6 is good enough. I think there could be interesting applications that may be found in this regime of partial error correction, but it still seems to be a bit of an open question.[https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
7. But let me reiterate that the practical applications before full-scale error correction are still speculative. Many experts believe that the community will find applications before then, but it is not certain.
8. *Added via edit:* One more thing...Quantum computers will not replace classical computer in most applications. Most of the work that is done by typical datacenters and cloud are probably not the types of workloads that will be replaced by QC. The more obvious workloads that could be replaced by QC would be those that are performed on classical HPC system. In the longer term, quantum machine learning and quantum unstructured search algorithms could possibly eat into some of those datacenter or cloud workloads as well. Also, it is like people will find applications we are not yet thinking of.
**Quantum computing hardware roadmaps:**
Most of the major hardware providers (IBM, Google, Honeywell, IonQ) provided some kind of roadmap in the last year for hardware development. The common theme is an exponential scaling expectation in the number of qubits (which is good news for implementing error correction), and the achievement of some kind of error-corrected QC in then 5-10 years (rigorous experimental demonstration of error correction at the early end, and deployment of decent sized systems at the later end).
IonQ: [https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
* Targeting \~1000 partially error corrected qubits in 2028
* This translate to \~32000 physical qubits based on their 32:1 error-correction overhead
Honeywell: [https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1](https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1)
* Timeline provided is vague, but expecting an error-corrected QC by 2030
IBM: [https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/](https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/)
* Targeting \~1000 physical qubits in 2023, and this will serve as the building block for scaling up error correction
* Targeting 1 million qubits at some undefined point in the future (though perhaps 2030 is the target: [https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/](https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/)).
Google: Q2B conference talk from Google: [https://www.youtube.com/watch?v=tY2L41VHI3I](https://www.youtube.com/watch?v=tY2L41VHI3I)
* Targeting 1 million physical qubits in 2029
​
**Ion-trap vs superconducting qubits:**
There is a lot of details to the technology that I will gloss over, but in general terms there are two current leading qubit approaches in QC. They are ion-trap qubits and superconducting qubits.
At a high level, the number of qubits and error rates are somewhat similar at the moment from the leading providers.
Some of the major differentiating factors at the moment:
* Ion-trap devices have all-to-all connectivity of the qubits (at least at todays scale), and superconducting qubits typically have a 2D grid type design (connectivity of 4 or less). The reason this is important is that connectivity effects the efficiency at which you can compile algorithms to run on the hardware. This will likely give ion-trap an advantage in the near term because the same algorithm will take less operations on the hardware. In the long term, it may also be an advantage to ion trap because error correction may also require less overhead (though I am less sure about this)
* The gate operation speeds on ion-trap is around 100-1000x slower than on superconducting qubits. Superconducting gate operations take 10-100 nanoseconds where as ion-trap gate operations take 10-100 microseconds. This matters for wall time of running an algorithm. Right now it is not really an issue, but I think this could be something to worry about when QCs are able to run longer and more complex circuits. It may be possible to speed up ion-trap operations, but that is still an early R&D topic.
* Scale-up risk are quite different for these technology because of the way qubits are housed and controlled. I won't go into the details, but both have engineering/technology risk associated with scale up. However, both have solid ideas about how to do it.
Other qubits types exist and may be viable competitors. A wildcard may be PsiQuantum that has raised a few hundred million in VC money, but they have provided almost no information publicly, so it is hard to know their true credibility. Silicon-based qubits may prove easier to scale (leveraging existing semiconductor fab capabilities), but their current status is years behind the leaders and the physics may be intrinsically harder. Hybrid approach that utilize resonators/cavities could also be interesting. Quantum Circuits Inc is a startup in that space from some of the earlier qubit pioneers, and Amazon's cohort of academics recently published a theoretical architecture paper that describes a similar conceptual approach but implemented differently than QCI.
*NOTE: Please don't confuse Quantum Circuit Inc (QCI) hardware company with the publicly traded Quantum Computing Inc (QCI as well, but ticker QUBT) that is working on software or something.*
​
**Applications:**
The four general application of quantum computing are as follows:
1. Chemistry and materials: there is a strong theoretical basis that QC will solve problems that we cannot solve today with classical computers. It is just a matter of building a large enough quantum computer to solve those problems. In the longer term, this will impact materials discovery, drug discovery, and likely energy/climate aspects. One of the favorite examples in the QC community is saying how QC will help design better nitrogen fixation catalysts by better understand the bacterial FeMoco enzyme that can essentially turn nitrogen in the air into fertilizer easily. Industrial processes today using high-T, high pressure processes that consume perhaps 2% of worlds energy to make fertilizer using nitrogen in the air (people have to eat, right).
2. Optimization: combinatorial optimization problems are likely well suited to QC. Things like traveling salesman type problems or graph optimization may be examples. You can imagine many valuable uses for this in finance, logistics, e-commerce, process optimization, supply chain, etc.
3. Machine learning: this is still a speculative application but there is a lot of R&D related to algorithm development in this area. Given that classical ML is typically heuristic in nature, I think there is reason to hope QC may be able to find use cases here. There are major outstanding questions as to how it can compete with state of the art classical ML that deals with very large datasets. It is an open question but with a lot of promise.
4. Cryptography: A lot has been made of the potential for QC to break RSA security protocols. This is a theoretically proven application, but the value is not clear. Some of the building blocks of Shor's algorithm for prime factoring that could be used to break RSA have been used in other applications like chemistry.
There are other building block type "applications" that people are working on, such as solving linear systems of equations and differential equations. These will be important to many engineering disciplines if they prove practical, and could serve as the foundations for solving many problems.
Here is a presentation/article from BCG that talks about applications and potential value creation: [https://www.youtube.com/watch?v=jw6q6bDl4s4](https://www.youtube.com/watch?v=jw6q6bDl4s4); [https://www.bcg.com/publications/2019/quantum-computers-create-value-when](https://www.bcg.com/publications/2019/quantum-computers-create-value-when)
BCG predicts that in the long term, QC could generate on the order of $500B per year in impact to operating income (additional income + operating efficiencies). This probably is just them sticking their finger in the wind to a large degree, but I think it is reasonable to expect that if QC evolves the way people expect, it will create a massive amount of value and the winning QC companies will be quite valuable.
**Potential Near-term Revenue:**
Although the major impact (and revenue) is likely later in the decade, most QC hardware companies will make some revenue from sale of compute time (and probably some from direct partnership where partners buy direct access to compute). For IonQ in particular, they are charging about $0.01 per "shot" with their system deployed with AWS Braket (Amazon's quantum cloud service). Each "shot" means a quantum circuit execution.
[https://aws.amazon.com/braket/pricing/](https://aws.amazon.com/braket/pricing/)
By my estimates, this could work out to about $3000/hr for IonQ compute time. Typically, in the current paradigm people have to do highly iterative algorithms with a lot of shots to get good statistical results in the presence of noise, and a typical single circuit evaluation on an ion-trap QC may take on the order of 10 milliseconds, plus or minus an order of magnitude. Single gate operations in a quantum computer of this type take 10s or 100s of microseconds ([https://docs.microsoft.com/en-us/azure/quantum/provider-ionq](https://docs.microsoft.com/en-us/azure/quantum/provider-ionq)) as mentioned earlier, and you may have 100s of those in a current exploratory R&D type algorithm. Plus you need time for the initial state preparation, measurement at the end, and reset of the QC before the next circuit execution.
IBM essentially sells access through their Q Network partnership program, Honeywell has their QC available on the Microsoft cloud, Google is making theirs available to select partners as part of collaborations. The hardware providers are trying to find ways to fund the development, though we should not expect these revenues to fully offset development costs, though any revenue is good at this stage.
All of the compute time they sell will be essentially for early R&D on quantum algorithm development toward future use cases, but if there is demand from this R&D usage they could generate a decent amount of revenue from it. It is hard to know what the demand will be, and this likely depend on how close (or far) end-users believe impact to their industries is from reality. None of the companies are saying anything publicly about the potential early revenue, so I really have no idea. Perhaps the IonQ investor deck will give the first hard numbers in that direction.
​
​
I will stop here, but feel free to ask any questions in this thread and I will try to answer them when I have time. At this point, it is too early to say which technology may be a winner, but it is a really interesting area that is developing rapidly right now.
Again, there is a lot of uncertainty in this field in terms of technology winners and market, but the theoretical foundations are solid and the potential impact in the long term is very large.
| 79 |
Artmasterx
| 1,614,188,179 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrihiz/primer_on_quantum_computing_and_a_bit_on_ionq/
|
lrihiz
|
goltbjl
|
Fantastic DD! Do you see IonQ having a technology moat or IP that gives them an edge?
| 10 |
jonathanswiftboat
| 1,614,188,783 |
Primer on Quantum Computing and a bit on IonQ (DMYI rumor target)
|
Disclosure: I am long DMYI (2500 shares) and DMYI warrants (1750 warrants), and have been for a little while pre-rumor because they were the only prospectus I could find that targeted QC specifically. I was hoping they would find a credible QC target to marge with, and they have.
Disclaimer: This is not investment advice, and I am making no recommendation for/against DMYI or IonQ. This is just meant to answer some question about QC.
I have followed the QC space in some detail for a few years, and know many of the players at some level of detail. I have my own opinions about the field, but the important thing to remember is that there is a lot of uncertainty (technical, business, use-case), but also a massive potential opportunity.
You can find some decent talks about QC at various levels from the 2020 Q2B conference, now publicly available: [https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS](https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS)
​
\*\*Basics:\*\*There are many resources out there if you want to learn the basics of QC, so I will leave it to you to google them. But I will highlight a few key points.
1. Quantum computing that is practically impactful is generally seen by the majority of experts in the field as possible theoretically, though challenges remain to making QCs big enough to find practical impact. Most also seem to believe we will get there, though many do not talk with much specificity about the timing.
2. The near-term future of QC is generally referred to ask the NISQ era (noisy, intermmediate scale quantum). Basically this just means quantum computing before large-scale error correction. This is the paper from Caltech that defined the term by John Preskill and has some good information: [https://arxiv.org/abs/1801.00862](https://arxiv.org/abs/1801.00862)
3. The qubits that make up quantum computers are error prone given the fragile nature of the quantum states. Current state of the art systems in ion trap (IonQ, Honeywell,...) and superconducting qubits (IBM, Google, ...) have about a 0.5% chance of an error during a so-called 2-qubit gate operation. This limits the complexity of the calculation you can do in the near term. These intrinsic physical error rates should improve with time, but getting much beyond 0.01% error may be difficult in practical system (this is an open research question).
4. This is where error correction comes in longer term. People have come up with error-correction codes that can take those modest physical error rates and create a much lower error rate by making a so-called logical qubit. This comes at the cost of having to use many physical qubits to make a single logical qubit. For example, if you wanted a logical error rate of 10\^-12, and the physical error rate is 0.1%, then it may require about 1000 physical qubits per logical qubit. This future error correction regime is likely where the most impactful applications will be found.
5. Most people believe that with a few hundred to a few thousand very good logical qubits, you can solve some really impactful real world problems and create significant value. The million-qubit systems that you will see later in the roadmaps should yield systems with this scale of logical qubits (if the roadmaps are correct).
6. However, it is also possible to tune the degree of error correction that you want to perform. This is likely what IonQ wants to do with their "algorithmic qubits" in the 2026+ timeframe, where they are assuming 16:1 or 32:1 physical qubit-to-logical qubit overhead. Their thought likely being that they may not need a 10\^-12 error rate to solve a practical problem, maybe 10\^-6 is good enough. I think there could be interesting applications that may be found in this regime of partial error correction, but it still seems to be a bit of an open question.[https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
7. But let me reiterate that the practical applications before full-scale error correction are still speculative. Many experts believe that the community will find applications before then, but it is not certain.
8. *Added via edit:* One more thing...Quantum computers will not replace classical computer in most applications. Most of the work that is done by typical datacenters and cloud are probably not the types of workloads that will be replaced by QC. The more obvious workloads that could be replaced by QC would be those that are performed on classical HPC system. In the longer term, quantum machine learning and quantum unstructured search algorithms could possibly eat into some of those datacenter or cloud workloads as well. Also, it is like people will find applications we are not yet thinking of.
**Quantum computing hardware roadmaps:**
Most of the major hardware providers (IBM, Google, Honeywell, IonQ) provided some kind of roadmap in the last year for hardware development. The common theme is an exponential scaling expectation in the number of qubits (which is good news for implementing error correction), and the achievement of some kind of error-corrected QC in then 5-10 years (rigorous experimental demonstration of error correction at the early end, and deployment of decent sized systems at the later end).
IonQ: [https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
* Targeting \~1000 partially error corrected qubits in 2028
* This translate to \~32000 physical qubits based on their 32:1 error-correction overhead
Honeywell: [https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1](https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1)
* Timeline provided is vague, but expecting an error-corrected QC by 2030
IBM: [https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/](https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/)
* Targeting \~1000 physical qubits in 2023, and this will serve as the building block for scaling up error correction
* Targeting 1 million qubits at some undefined point in the future (though perhaps 2030 is the target: [https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/](https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/)).
Google: Q2B conference talk from Google: [https://www.youtube.com/watch?v=tY2L41VHI3I](https://www.youtube.com/watch?v=tY2L41VHI3I)
* Targeting 1 million physical qubits in 2029
​
**Ion-trap vs superconducting qubits:**
There is a lot of details to the technology that I will gloss over, but in general terms there are two current leading qubit approaches in QC. They are ion-trap qubits and superconducting qubits.
At a high level, the number of qubits and error rates are somewhat similar at the moment from the leading providers.
Some of the major differentiating factors at the moment:
* Ion-trap devices have all-to-all connectivity of the qubits (at least at todays scale), and superconducting qubits typically have a 2D grid type design (connectivity of 4 or less). The reason this is important is that connectivity effects the efficiency at which you can compile algorithms to run on the hardware. This will likely give ion-trap an advantage in the near term because the same algorithm will take less operations on the hardware. In the long term, it may also be an advantage to ion trap because error correction may also require less overhead (though I am less sure about this)
* The gate operation speeds on ion-trap is around 100-1000x slower than on superconducting qubits. Superconducting gate operations take 10-100 nanoseconds where as ion-trap gate operations take 10-100 microseconds. This matters for wall time of running an algorithm. Right now it is not really an issue, but I think this could be something to worry about when QCs are able to run longer and more complex circuits. It may be possible to speed up ion-trap operations, but that is still an early R&D topic.
* Scale-up risk are quite different for these technology because of the way qubits are housed and controlled. I won't go into the details, but both have engineering/technology risk associated with scale up. However, both have solid ideas about how to do it.
Other qubits types exist and may be viable competitors. A wildcard may be PsiQuantum that has raised a few hundred million in VC money, but they have provided almost no information publicly, so it is hard to know their true credibility. Silicon-based qubits may prove easier to scale (leveraging existing semiconductor fab capabilities), but their current status is years behind the leaders and the physics may be intrinsically harder. Hybrid approach that utilize resonators/cavities could also be interesting. Quantum Circuits Inc is a startup in that space from some of the earlier qubit pioneers, and Amazon's cohort of academics recently published a theoretical architecture paper that describes a similar conceptual approach but implemented differently than QCI.
*NOTE: Please don't confuse Quantum Circuit Inc (QCI) hardware company with the publicly traded Quantum Computing Inc (QCI as well, but ticker QUBT) that is working on software or something.*
​
**Applications:**
The four general application of quantum computing are as follows:
1. Chemistry and materials: there is a strong theoretical basis that QC will solve problems that we cannot solve today with classical computers. It is just a matter of building a large enough quantum computer to solve those problems. In the longer term, this will impact materials discovery, drug discovery, and likely energy/climate aspects. One of the favorite examples in the QC community is saying how QC will help design better nitrogen fixation catalysts by better understand the bacterial FeMoco enzyme that can essentially turn nitrogen in the air into fertilizer easily. Industrial processes today using high-T, high pressure processes that consume perhaps 2% of worlds energy to make fertilizer using nitrogen in the air (people have to eat, right).
2. Optimization: combinatorial optimization problems are likely well suited to QC. Things like traveling salesman type problems or graph optimization may be examples. You can imagine many valuable uses for this in finance, logistics, e-commerce, process optimization, supply chain, etc.
3. Machine learning: this is still a speculative application but there is a lot of R&D related to algorithm development in this area. Given that classical ML is typically heuristic in nature, I think there is reason to hope QC may be able to find use cases here. There are major outstanding questions as to how it can compete with state of the art classical ML that deals with very large datasets. It is an open question but with a lot of promise.
4. Cryptography: A lot has been made of the potential for QC to break RSA security protocols. This is a theoretically proven application, but the value is not clear. Some of the building blocks of Shor's algorithm for prime factoring that could be used to break RSA have been used in other applications like chemistry.
There are other building block type "applications" that people are working on, such as solving linear systems of equations and differential equations. These will be important to many engineering disciplines if they prove practical, and could serve as the foundations for solving many problems.
Here is a presentation/article from BCG that talks about applications and potential value creation: [https://www.youtube.com/watch?v=jw6q6bDl4s4](https://www.youtube.com/watch?v=jw6q6bDl4s4); [https://www.bcg.com/publications/2019/quantum-computers-create-value-when](https://www.bcg.com/publications/2019/quantum-computers-create-value-when)
BCG predicts that in the long term, QC could generate on the order of $500B per year in impact to operating income (additional income + operating efficiencies). This probably is just them sticking their finger in the wind to a large degree, but I think it is reasonable to expect that if QC evolves the way people expect, it will create a massive amount of value and the winning QC companies will be quite valuable.
**Potential Near-term Revenue:**
Although the major impact (and revenue) is likely later in the decade, most QC hardware companies will make some revenue from sale of compute time (and probably some from direct partnership where partners buy direct access to compute). For IonQ in particular, they are charging about $0.01 per "shot" with their system deployed with AWS Braket (Amazon's quantum cloud service). Each "shot" means a quantum circuit execution.
[https://aws.amazon.com/braket/pricing/](https://aws.amazon.com/braket/pricing/)
By my estimates, this could work out to about $3000/hr for IonQ compute time. Typically, in the current paradigm people have to do highly iterative algorithms with a lot of shots to get good statistical results in the presence of noise, and a typical single circuit evaluation on an ion-trap QC may take on the order of 10 milliseconds, plus or minus an order of magnitude. Single gate operations in a quantum computer of this type take 10s or 100s of microseconds ([https://docs.microsoft.com/en-us/azure/quantum/provider-ionq](https://docs.microsoft.com/en-us/azure/quantum/provider-ionq)) as mentioned earlier, and you may have 100s of those in a current exploratory R&D type algorithm. Plus you need time for the initial state preparation, measurement at the end, and reset of the QC before the next circuit execution.
IBM essentially sells access through their Q Network partnership program, Honeywell has their QC available on the Microsoft cloud, Google is making theirs available to select partners as part of collaborations. The hardware providers are trying to find ways to fund the development, though we should not expect these revenues to fully offset development costs, though any revenue is good at this stage.
All of the compute time they sell will be essentially for early R&D on quantum algorithm development toward future use cases, but if there is demand from this R&D usage they could generate a decent amount of revenue from it. It is hard to know what the demand will be, and this likely depend on how close (or far) end-users believe impact to their industries is from reality. None of the companies are saying anything publicly about the potential early revenue, so I really have no idea. Perhaps the IonQ investor deck will give the first hard numbers in that direction.
​
​
I will stop here, but feel free to ask any questions in this thread and I will try to answer them when I have time. At this point, it is too early to say which technology may be a winner, but it is a really interesting area that is developing rapidly right now.
Again, there is a lot of uncertainty in this field in terms of technology winners and market, but the theoretical foundations are solid and the potential impact in the long term is very large.
| 79 |
Artmasterx
| 1,614,188,179 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrihiz/primer_on_quantum_computing_and_a_bit_on_ionq/
|
lrihiz
|
gony1dz
|
I don't understand at all. So I'm in for warrants.
| 5 |
helloIAmDan7
| 1,614,223,429 |
Primer on Quantum Computing and a bit on IonQ (DMYI rumor target)
|
Disclosure: I am long DMYI (2500 shares) and DMYI warrants (1750 warrants), and have been for a little while pre-rumor because they were the only prospectus I could find that targeted QC specifically. I was hoping they would find a credible QC target to marge with, and they have.
Disclaimer: This is not investment advice, and I am making no recommendation for/against DMYI or IonQ. This is just meant to answer some question about QC.
I have followed the QC space in some detail for a few years, and know many of the players at some level of detail. I have my own opinions about the field, but the important thing to remember is that there is a lot of uncertainty (technical, business, use-case), but also a massive potential opportunity.
You can find some decent talks about QC at various levels from the 2020 Q2B conference, now publicly available: [https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS](https://www.youtube.com/playlist?list=PLh7C25oO7PW0JeX3du76BRNOBjd6q-kOS)
​
\*\*Basics:\*\*There are many resources out there if you want to learn the basics of QC, so I will leave it to you to google them. But I will highlight a few key points.
1. Quantum computing that is practically impactful is generally seen by the majority of experts in the field as possible theoretically, though challenges remain to making QCs big enough to find practical impact. Most also seem to believe we will get there, though many do not talk with much specificity about the timing.
2. The near-term future of QC is generally referred to ask the NISQ era (noisy, intermmediate scale quantum). Basically this just means quantum computing before large-scale error correction. This is the paper from Caltech that defined the term by John Preskill and has some good information: [https://arxiv.org/abs/1801.00862](https://arxiv.org/abs/1801.00862)
3. The qubits that make up quantum computers are error prone given the fragile nature of the quantum states. Current state of the art systems in ion trap (IonQ, Honeywell,...) and superconducting qubits (IBM, Google, ...) have about a 0.5% chance of an error during a so-called 2-qubit gate operation. This limits the complexity of the calculation you can do in the near term. These intrinsic physical error rates should improve with time, but getting much beyond 0.01% error may be difficult in practical system (this is an open research question).
4. This is where error correction comes in longer term. People have come up with error-correction codes that can take those modest physical error rates and create a much lower error rate by making a so-called logical qubit. This comes at the cost of having to use many physical qubits to make a single logical qubit. For example, if you wanted a logical error rate of 10\^-12, and the physical error rate is 0.1%, then it may require about 1000 physical qubits per logical qubit. This future error correction regime is likely where the most impactful applications will be found.
5. Most people believe that with a few hundred to a few thousand very good logical qubits, you can solve some really impactful real world problems and create significant value. The million-qubit systems that you will see later in the roadmaps should yield systems with this scale of logical qubits (if the roadmaps are correct).
6. However, it is also possible to tune the degree of error correction that you want to perform. This is likely what IonQ wants to do with their "algorithmic qubits" in the 2026+ timeframe, where they are assuming 16:1 or 32:1 physical qubit-to-logical qubit overhead. Their thought likely being that they may not need a 10\^-12 error rate to solve a practical problem, maybe 10\^-6 is good enough. I think there could be interesting applications that may be found in this regime of partial error correction, but it still seems to be a bit of an open question.[https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
7. But let me reiterate that the practical applications before full-scale error correction are still speculative. Many experts believe that the community will find applications before then, but it is not certain.
8. *Added via edit:* One more thing...Quantum computers will not replace classical computer in most applications. Most of the work that is done by typical datacenters and cloud are probably not the types of workloads that will be replaced by QC. The more obvious workloads that could be replaced by QC would be those that are performed on classical HPC system. In the longer term, quantum machine learning and quantum unstructured search algorithms could possibly eat into some of those datacenter or cloud workloads as well. Also, it is like people will find applications we are not yet thinking of.
**Quantum computing hardware roadmaps:**
Most of the major hardware providers (IBM, Google, Honeywell, IonQ) provided some kind of roadmap in the last year for hardware development. The common theme is an exponential scaling expectation in the number of qubits (which is good news for implementing error correction), and the achievement of some kind of error-corrected QC in then 5-10 years (rigorous experimental demonstration of error correction at the early end, and deployment of decent sized systems at the later end).
IonQ: [https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap](https://ionq.com/posts/december-09-2020-scaling-quantum-computer-roadmap)
* Targeting \~1000 partially error corrected qubits in 2028
* This translate to \~32000 physical qubits based on their 32:1 error-correction overhead
Honeywell: [https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1](https://www.honeywell.com/us/en/news/2020/10/get-to-know-honeywell-s-latest-quantum-computer-system-model-h1)
* Timeline provided is vague, but expecting an error-corrected QC by 2030
IBM: [https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/](https://www.ibm.com/blogs/research/2021/02/quantum-development-roadmap/)
* Targeting \~1000 physical qubits in 2023, and this will serve as the building block for scaling up error correction
* Targeting 1 million qubits at some undefined point in the future (though perhaps 2030 is the target: [https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/](https://fortune.com/2020/09/15/ibm-quantum-computer-1-million-qubits-by-2030/)).
Google: Q2B conference talk from Google: [https://www.youtube.com/watch?v=tY2L41VHI3I](https://www.youtube.com/watch?v=tY2L41VHI3I)
* Targeting 1 million physical qubits in 2029
​
**Ion-trap vs superconducting qubits:**
There is a lot of details to the technology that I will gloss over, but in general terms there are two current leading qubit approaches in QC. They are ion-trap qubits and superconducting qubits.
At a high level, the number of qubits and error rates are somewhat similar at the moment from the leading providers.
Some of the major differentiating factors at the moment:
* Ion-trap devices have all-to-all connectivity of the qubits (at least at todays scale), and superconducting qubits typically have a 2D grid type design (connectivity of 4 or less). The reason this is important is that connectivity effects the efficiency at which you can compile algorithms to run on the hardware. This will likely give ion-trap an advantage in the near term because the same algorithm will take less operations on the hardware. In the long term, it may also be an advantage to ion trap because error correction may also require less overhead (though I am less sure about this)
* The gate operation speeds on ion-trap is around 100-1000x slower than on superconducting qubits. Superconducting gate operations take 10-100 nanoseconds where as ion-trap gate operations take 10-100 microseconds. This matters for wall time of running an algorithm. Right now it is not really an issue, but I think this could be something to worry about when QCs are able to run longer and more complex circuits. It may be possible to speed up ion-trap operations, but that is still an early R&D topic.
* Scale-up risk are quite different for these technology because of the way qubits are housed and controlled. I won't go into the details, but both have engineering/technology risk associated with scale up. However, both have solid ideas about how to do it.
Other qubits types exist and may be viable competitors. A wildcard may be PsiQuantum that has raised a few hundred million in VC money, but they have provided almost no information publicly, so it is hard to know their true credibility. Silicon-based qubits may prove easier to scale (leveraging existing semiconductor fab capabilities), but their current status is years behind the leaders and the physics may be intrinsically harder. Hybrid approach that utilize resonators/cavities could also be interesting. Quantum Circuits Inc is a startup in that space from some of the earlier qubit pioneers, and Amazon's cohort of academics recently published a theoretical architecture paper that describes a similar conceptual approach but implemented differently than QCI.
*NOTE: Please don't confuse Quantum Circuit Inc (QCI) hardware company with the publicly traded Quantum Computing Inc (QCI as well, but ticker QUBT) that is working on software or something.*
​
**Applications:**
The four general application of quantum computing are as follows:
1. Chemistry and materials: there is a strong theoretical basis that QC will solve problems that we cannot solve today with classical computers. It is just a matter of building a large enough quantum computer to solve those problems. In the longer term, this will impact materials discovery, drug discovery, and likely energy/climate aspects. One of the favorite examples in the QC community is saying how QC will help design better nitrogen fixation catalysts by better understand the bacterial FeMoco enzyme that can essentially turn nitrogen in the air into fertilizer easily. Industrial processes today using high-T, high pressure processes that consume perhaps 2% of worlds energy to make fertilizer using nitrogen in the air (people have to eat, right).
2. Optimization: combinatorial optimization problems are likely well suited to QC. Things like traveling salesman type problems or graph optimization may be examples. You can imagine many valuable uses for this in finance, logistics, e-commerce, process optimization, supply chain, etc.
3. Machine learning: this is still a speculative application but there is a lot of R&D related to algorithm development in this area. Given that classical ML is typically heuristic in nature, I think there is reason to hope QC may be able to find use cases here. There are major outstanding questions as to how it can compete with state of the art classical ML that deals with very large datasets. It is an open question but with a lot of promise.
4. Cryptography: A lot has been made of the potential for QC to break RSA security protocols. This is a theoretically proven application, but the value is not clear. Some of the building blocks of Shor's algorithm for prime factoring that could be used to break RSA have been used in other applications like chemistry.
There are other building block type "applications" that people are working on, such as solving linear systems of equations and differential equations. These will be important to many engineering disciplines if they prove practical, and could serve as the foundations for solving many problems.
Here is a presentation/article from BCG that talks about applications and potential value creation: [https://www.youtube.com/watch?v=jw6q6bDl4s4](https://www.youtube.com/watch?v=jw6q6bDl4s4); [https://www.bcg.com/publications/2019/quantum-computers-create-value-when](https://www.bcg.com/publications/2019/quantum-computers-create-value-when)
BCG predicts that in the long term, QC could generate on the order of $500B per year in impact to operating income (additional income + operating efficiencies). This probably is just them sticking their finger in the wind to a large degree, but I think it is reasonable to expect that if QC evolves the way people expect, it will create a massive amount of value and the winning QC companies will be quite valuable.
**Potential Near-term Revenue:**
Although the major impact (and revenue) is likely later in the decade, most QC hardware companies will make some revenue from sale of compute time (and probably some from direct partnership where partners buy direct access to compute). For IonQ in particular, they are charging about $0.01 per "shot" with their system deployed with AWS Braket (Amazon's quantum cloud service). Each "shot" means a quantum circuit execution.
[https://aws.amazon.com/braket/pricing/](https://aws.amazon.com/braket/pricing/)
By my estimates, this could work out to about $3000/hr for IonQ compute time. Typically, in the current paradigm people have to do highly iterative algorithms with a lot of shots to get good statistical results in the presence of noise, and a typical single circuit evaluation on an ion-trap QC may take on the order of 10 milliseconds, plus or minus an order of magnitude. Single gate operations in a quantum computer of this type take 10s or 100s of microseconds ([https://docs.microsoft.com/en-us/azure/quantum/provider-ionq](https://docs.microsoft.com/en-us/azure/quantum/provider-ionq)) as mentioned earlier, and you may have 100s of those in a current exploratory R&D type algorithm. Plus you need time for the initial state preparation, measurement at the end, and reset of the QC before the next circuit execution.
IBM essentially sells access through their Q Network partnership program, Honeywell has their QC available on the Microsoft cloud, Google is making theirs available to select partners as part of collaborations. The hardware providers are trying to find ways to fund the development, though we should not expect these revenues to fully offset development costs, though any revenue is good at this stage.
All of the compute time they sell will be essentially for early R&D on quantum algorithm development toward future use cases, but if there is demand from this R&D usage they could generate a decent amount of revenue from it. It is hard to know what the demand will be, and this likely depend on how close (or far) end-users believe impact to their industries is from reality. None of the companies are saying anything publicly about the potential early revenue, so I really have no idea. Perhaps the IonQ investor deck will give the first hard numbers in that direction.
​
​
I will stop here, but feel free to ask any questions in this thread and I will try to answer them when I have time. At this point, it is too early to say which technology may be a winner, but it is a really interesting area that is developing rapidly right now.
Again, there is a lot of uncertainty in this field in terms of technology winners and market, but the theoretical foundations are solid and the potential impact in the long term is very large.
| 79 |
Artmasterx
| 1,614,188,179 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lrihiz/primer_on_quantum_computing_and_a_bit_on_ionq/
|
lr3a0s
|
gojulvq
|
BFLY is an insane value at this price. Literally revolutionary tech + backing by Melinda & Bill Gates (because of the significant impact their tech will have on developing countries) + big interest by Ark. Wish I had more capital to buy this dip.
| 11 |
Bounty_Hntr
| 1,614,142,858 |
BFLY ! Butterfly Network - Cathie/ARKG bought 500k shares! Strong chance for a big rebound tomorrow!
|
BFLY should have some huge momentum tomorrow! Cathie at ARK through ARKG bought 500k today! She will most likely buy more tomorrow and BFLY ended the day still way down.
It was just at a recent high of 29.13! I see us getting half way there at least tomorrow.
Here's the link [ARK buys](https://twitter.com/ArkkDaily/status/1364377548050882562?s=2ys)
Cathie Wood & @ARKInvest trade activity from today
Bought: Twitter $TWTR Tesla $TSLA Spotify $SPOT Facebook $FB $DISCA $OPEN $MASS $SGFY $BFLY $ACCD $RPTX $U $TXG $BEAM $FATE $VUZI $EXPC $RAVN
Sold: Amazon $AMZN Apple $AAPL $SPLK $TMO $HIMS $GOOGL $Z $TCEHY $ROKU $SE $TSM $CRM
Let's go! Bae on board ! Currently holding 1500 commons picked up today on this overkill dip.
| 14 |
TheFakeSteveWilson
| 1,614,139,706 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lr3a0s/bfly_butterfly_network_cathiearkg_bought_500k/
|
lps7s5
|
gocq8ow
|
Stock has bled heavily. I am excited for the US factory announcement and also for them to start revealing all of their orders.
| 18 |
orion4321
| 1,614,010,798 |
NGA - The EV company with electric trucks/buses that can roll uphill, no gravity needed!
|
NGA Is merging with Lion Electric. Lion thinks, designs, and manufactures all-electric school buses, midi/minibus for special needs or urban transit as well as urban trucks. Lion Electric was founded in 2008 and is headquartered in Canada.
I am not your financial advisor, this is not financial advice. Disclosure, I have \~175 shares at \~23.
* $320 Mn held in cash in the trust after the merger
* Transaction values combined entity at an enterprise value (EV) of \~$1.5Bn
* Lion Electric will have $500mn of cash to pursue Lions growth strategy, which includes expansion of manufacturing capacity in the U.S. With plans to develop an automated assembly line of advanced battery systems
* 2024; 20,000 annual vehicle sales, 50% vehicle cost reduction, and $3.5Bn annual revenue
* Lion Electric is targeting a $110Bn annual TAM in North America. 300+ Lion vehicles are already on the road today. 6+ million miles driven.
* Lion has 7 purpose-built electric trucks and school bus' already available for purchase today
* Manufacturing facility near Montreal with 2,500 vehicle capacity per annum
* Noteworthy industry partners include BMW and LG Chem, which they have battery supply agreements with each company. In addition, Lion is partnered with Stellantis to supply vehicle parts.
* Partnership with Amazon who placed a purchase order for 10 vehicles.
* It took Lion 8 years to develop and build their first proprietary Lion-C bus.
* Lion Electric recently unveiled the Lion 8 refuge in 2019 to be used for waste collection (it's an electric garbage truck)
* 400 dedicated employees with 100+ engineers and technicians
* Lion has a class 6, class 8, refrigerated class 8, refuse class 8, shuttle bus, and type A & C school bus'
* Their sales model is direct sales, followed by EV customer education and vehicle selection, followed by infrastructure support, aftermarket support, and can be taken to Lions upcoming experience centers. Customers are supported the entire way through the sales funnel
* Lion is targeting America's largest fleet owners. Companies currently engaged are UPS, FedEx, Pepsi, DHL, Nestle, Anheuser-Busch, and 19 others. However, they are merely engaged with these companies and there is no guarantee they will choose Lion.
* Lion only has $51mn of debt on the balance sheet, with plans to pay it off using the proceeds from the merger
* Units sold are forecast to grow from 110 to 650 (491%), 2,475 (281%), 7,580 (206%), 18,400 (117%) between FY 2021-2024
* 100% of 2020-2022 production possible from their current facility, however, Lion will be opening a new manufacturing facility in the U.S to increase capacity, as well as, to market their product as being made in the U.S.
* R&D investment to grow YoY from 15mn to 30, 40, 50, and 109mn. Over FY 2021-2024
* Lion Electric delivered 5 ZEVs (zero-emission vehicles) to Twin Rivers school district in Sacramento as part of the school bus replacement program in California
* Delivered 5 vehicles to Amazon after Amazon rigorously tested the vehicles in various extreme weather conditions
Amazon’s contract with Lion is structured in a similar format as its significant deal with Cargojet Inc., which was signed in August 2019, and gave the retailer the right to buy 14.99% of the Canadian cargo company.
As part of the Lion deal, the EV maker must reserve enough manufacturing capacity to deliver up to 500 trucks a year from 2021 to 2025 to Amazon, and the greater of 500 all-electric trucks a year, or 10% of Lion’s manufacturing capacity from 2026 to 2030.
Amazon’s warrants to purchase up to 15.8% of Lion can be exercised at US$5.66 per share, and they expire after eight years. To use all of the warrants, Amazon must spend at least US$1.1-billion on Lion products or services.
​
https://preview.redd.it/8zwrpia7z1j61.png?width=2540&format=png&auto=webp&s=5550880be42830dd909b2444ed470847d9055e5f
| 44 |
Slyx37
| 1,614,010,169 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lps7s5/nga_the_ev_company_with_electric_trucksbuses_that/
|
lps7s5
|
gocq1ru
|
It is coming. Supposedly next Month it will vote on merge.
PS: It does not employ magnet to pull it up the hill. The DC brushless motor have ample torque. Just joking.
| 5 |
Vast_Cricket
| 1,614,010,713 |
NGA - The EV company with electric trucks/buses that can roll uphill, no gravity needed!
|
NGA Is merging with Lion Electric. Lion thinks, designs, and manufactures all-electric school buses, midi/minibus for special needs or urban transit as well as urban trucks. Lion Electric was founded in 2008 and is headquartered in Canada.
I am not your financial advisor, this is not financial advice. Disclosure, I have \~175 shares at \~23.
* $320 Mn held in cash in the trust after the merger
* Transaction values combined entity at an enterprise value (EV) of \~$1.5Bn
* Lion Electric will have $500mn of cash to pursue Lions growth strategy, which includes expansion of manufacturing capacity in the U.S. With plans to develop an automated assembly line of advanced battery systems
* 2024; 20,000 annual vehicle sales, 50% vehicle cost reduction, and $3.5Bn annual revenue
* Lion Electric is targeting a $110Bn annual TAM in North America. 300+ Lion vehicles are already on the road today. 6+ million miles driven.
* Lion has 7 purpose-built electric trucks and school bus' already available for purchase today
* Manufacturing facility near Montreal with 2,500 vehicle capacity per annum
* Noteworthy industry partners include BMW and LG Chem, which they have battery supply agreements with each company. In addition, Lion is partnered with Stellantis to supply vehicle parts.
* Partnership with Amazon who placed a purchase order for 10 vehicles.
* It took Lion 8 years to develop and build their first proprietary Lion-C bus.
* Lion Electric recently unveiled the Lion 8 refuge in 2019 to be used for waste collection (it's an electric garbage truck)
* 400 dedicated employees with 100+ engineers and technicians
* Lion has a class 6, class 8, refrigerated class 8, refuse class 8, shuttle bus, and type A & C school bus'
* Their sales model is direct sales, followed by EV customer education and vehicle selection, followed by infrastructure support, aftermarket support, and can be taken to Lions upcoming experience centers. Customers are supported the entire way through the sales funnel
* Lion is targeting America's largest fleet owners. Companies currently engaged are UPS, FedEx, Pepsi, DHL, Nestle, Anheuser-Busch, and 19 others. However, they are merely engaged with these companies and there is no guarantee they will choose Lion.
* Lion only has $51mn of debt on the balance sheet, with plans to pay it off using the proceeds from the merger
* Units sold are forecast to grow from 110 to 650 (491%), 2,475 (281%), 7,580 (206%), 18,400 (117%) between FY 2021-2024
* 100% of 2020-2022 production possible from their current facility, however, Lion will be opening a new manufacturing facility in the U.S to increase capacity, as well as, to market their product as being made in the U.S.
* R&D investment to grow YoY from 15mn to 30, 40, 50, and 109mn. Over FY 2021-2024
* Lion Electric delivered 5 ZEVs (zero-emission vehicles) to Twin Rivers school district in Sacramento as part of the school bus replacement program in California
* Delivered 5 vehicles to Amazon after Amazon rigorously tested the vehicles in various extreme weather conditions
Amazon’s contract with Lion is structured in a similar format as its significant deal with Cargojet Inc., which was signed in August 2019, and gave the retailer the right to buy 14.99% of the Canadian cargo company.
As part of the Lion deal, the EV maker must reserve enough manufacturing capacity to deliver up to 500 trucks a year from 2021 to 2025 to Amazon, and the greater of 500 all-electric trucks a year, or 10% of Lion’s manufacturing capacity from 2026 to 2030.
Amazon’s warrants to purchase up to 15.8% of Lion can be exercised at US$5.66 per share, and they expire after eight years. To use all of the warrants, Amazon must spend at least US$1.1-billion on Lion products or services.
​
https://preview.redd.it/8zwrpia7z1j61.png?width=2540&format=png&auto=webp&s=5550880be42830dd909b2444ed470847d9055e5f
| 44 |
Slyx37
| 1,614,010,169 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lps7s5/nga_the_ev_company_with_electric_trucksbuses_that/
|
lps7s5
|
gocr1su
|
Bought some today, gotta get on the hype train. Plus I seen one of their vans in action!!!
| 5 |
Misha315
| 1,614,011,159 |
NGA - The EV company with electric trucks/buses that can roll uphill, no gravity needed!
|
NGA Is merging with Lion Electric. Lion thinks, designs, and manufactures all-electric school buses, midi/minibus for special needs or urban transit as well as urban trucks. Lion Electric was founded in 2008 and is headquartered in Canada.
I am not your financial advisor, this is not financial advice. Disclosure, I have \~175 shares at \~23.
* $320 Mn held in cash in the trust after the merger
* Transaction values combined entity at an enterprise value (EV) of \~$1.5Bn
* Lion Electric will have $500mn of cash to pursue Lions growth strategy, which includes expansion of manufacturing capacity in the U.S. With plans to develop an automated assembly line of advanced battery systems
* 2024; 20,000 annual vehicle sales, 50% vehicle cost reduction, and $3.5Bn annual revenue
* Lion Electric is targeting a $110Bn annual TAM in North America. 300+ Lion vehicles are already on the road today. 6+ million miles driven.
* Lion has 7 purpose-built electric trucks and school bus' already available for purchase today
* Manufacturing facility near Montreal with 2,500 vehicle capacity per annum
* Noteworthy industry partners include BMW and LG Chem, which they have battery supply agreements with each company. In addition, Lion is partnered with Stellantis to supply vehicle parts.
* Partnership with Amazon who placed a purchase order for 10 vehicles.
* It took Lion 8 years to develop and build their first proprietary Lion-C bus.
* Lion Electric recently unveiled the Lion 8 refuge in 2019 to be used for waste collection (it's an electric garbage truck)
* 400 dedicated employees with 100+ engineers and technicians
* Lion has a class 6, class 8, refrigerated class 8, refuse class 8, shuttle bus, and type A & C school bus'
* Their sales model is direct sales, followed by EV customer education and vehicle selection, followed by infrastructure support, aftermarket support, and can be taken to Lions upcoming experience centers. Customers are supported the entire way through the sales funnel
* Lion is targeting America's largest fleet owners. Companies currently engaged are UPS, FedEx, Pepsi, DHL, Nestle, Anheuser-Busch, and 19 others. However, they are merely engaged with these companies and there is no guarantee they will choose Lion.
* Lion only has $51mn of debt on the balance sheet, with plans to pay it off using the proceeds from the merger
* Units sold are forecast to grow from 110 to 650 (491%), 2,475 (281%), 7,580 (206%), 18,400 (117%) between FY 2021-2024
* 100% of 2020-2022 production possible from their current facility, however, Lion will be opening a new manufacturing facility in the U.S to increase capacity, as well as, to market their product as being made in the U.S.
* R&D investment to grow YoY from 15mn to 30, 40, 50, and 109mn. Over FY 2021-2024
* Lion Electric delivered 5 ZEVs (zero-emission vehicles) to Twin Rivers school district in Sacramento as part of the school bus replacement program in California
* Delivered 5 vehicles to Amazon after Amazon rigorously tested the vehicles in various extreme weather conditions
Amazon’s contract with Lion is structured in a similar format as its significant deal with Cargojet Inc., which was signed in August 2019, and gave the retailer the right to buy 14.99% of the Canadian cargo company.
As part of the Lion deal, the EV maker must reserve enough manufacturing capacity to deliver up to 500 trucks a year from 2021 to 2025 to Amazon, and the greater of 500 all-electric trucks a year, or 10% of Lion’s manufacturing capacity from 2026 to 2030.
Amazon’s warrants to purchase up to 15.8% of Lion can be exercised at US$5.66 per share, and they expire after eight years. To use all of the warrants, Amazon must spend at least US$1.1-billion on Lion products or services.
​
https://preview.redd.it/8zwrpia7z1j61.png?width=2540&format=png&auto=webp&s=5550880be42830dd909b2444ed470847d9055e5f
| 44 |
Slyx37
| 1,614,010,169 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lps7s5/nga_the_ev_company_with_electric_trucksbuses_that/
|
lpnijy
|
goc4kso
|
350% cagr revenue growth!
Draftkings ceo is an advisor to lottery.com
Will hold onto my shares 🚀🚀🚀
| 27 |
Responsible_Quiet_76
| 1,613,999,421 |
Lottery.com, a Leading Platform to Play the Lottery Online, Enters into Definitive Agreement with Trident Acquisitions Corp. to Become Publicly Traded $TDAC
|
NEW YORK and AUSTIN, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) ("Trident") and AutoLotto, Inc. (“Lottery.com”), a leading online platform to play the lottery online or from a mobile device, have entered into a definitive agreement for a business combination that would result in Lottery.com becoming a publicly listed company.
Founded in 2015, Lottery.com empowers users to play the lottery from their phone and on the go. It offers official state-sanctioned lottery games, like Powerball, Mega Millions and state games where permissible. Lottery.com is also the world’s largest provider of lottery data to over 400 digital publishers, including hundreds of digital newspapers, television and news sites, and major digital publishers such as Google, Verizon/Yahoo and Amazon’s Alexa devices.
https://www.globenewswire.com/news-release/2021/02/22/2179513/0/en/Lottery-com-a-Leading-Platform-to-Play-the-Lottery-Online-Enters-into-Definitive-Agreement-with-Trident-Acquisitions-Corp-to-Become-Publicly-Traded.html
| 51 |
zech_meme
| 1,613,999,037 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lpnijy/lotterycom_a_leading_platform_to_play_the_lottery/
|
lpnijy
|
god7lf2
|
I have to think TDAC, like LCA, will get added to the BETZ ETF at some point now that it has a DA.
| 5 |
DKNG-STONK
| 1,614,018,104 |
Lottery.com, a Leading Platform to Play the Lottery Online, Enters into Definitive Agreement with Trident Acquisitions Corp. to Become Publicly Traded $TDAC
|
NEW YORK and AUSTIN, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) ("Trident") and AutoLotto, Inc. (“Lottery.com”), a leading online platform to play the lottery online or from a mobile device, have entered into a definitive agreement for a business combination that would result in Lottery.com becoming a publicly listed company.
Founded in 2015, Lottery.com empowers users to play the lottery from their phone and on the go. It offers official state-sanctioned lottery games, like Powerball, Mega Millions and state games where permissible. Lottery.com is also the world’s largest provider of lottery data to over 400 digital publishers, including hundreds of digital newspapers, television and news sites, and major digital publishers such as Google, Verizon/Yahoo and Amazon’s Alexa devices.
https://www.globenewswire.com/news-release/2021/02/22/2179513/0/en/Lottery-com-a-Leading-Platform-to-Play-the-Lottery-Online-Enters-into-Definitive-Agreement-with-Trident-Acquisitions-Corp-to-Become-Publicly-Traded.html
| 51 |
zech_meme
| 1,613,999,037 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lpnijy/lotterycom_a_leading_platform_to_play_the_lottery/
|
lp9a59
|
goa8ejj
|
So I’ve held STPK since the merger announcement (couple hundred shares and warrants). Cramer also recommended it to his insider club, which traditionally he only does if he really loves it, which is also cool. It’s more than just an ESG play...it actually helps stabilize and smooth the power grid, and can also act as an electrical arbitrage play because the AI can charge your batteries when power is cheap (say, 3 am) and allow you to sell that power back to the grid when it’s expensive or allow you to use the cheap battery-stored power when electricity is expensive due to unexpected high demand or something. It saves companies shitloads of money on power, 20-30% or so on average according to their CEO. They’ll have almost no debt post-merger, the market is massive, and they’ll have the cash on hand to scale up to really start addressing it. The risks are obviously they need to get the batteries from someone else as they don’t make them in-house, so someone could squeeze them on the pricing. They also need to educate their customers, as there’s a lot of confusion as to what they actually do. They also need some large commercial utilities customers to really hit their potential, in my opinion. It’s run up a ton too, but if you can get it on a pullback, I think it could be one of the better long term investments of any SPAC out there. It’s a really ingenious product/system
| 17 |
Flaky_Section
| 1,613,952,396 |
STEM AKA STPK , is it a Juggernaut in the making?
|
I have to say I am pleasantly surprised to learn about a company that is about to go public with some very interesting technology that is fresh to the market place. I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor). Would love to hear some chatter on this if anyone has an opinion or a position. Here is what I have found doing some research and a little DD.
STEM has been around since 2009 and has good revenue $33 mill for 2020 and a projected $147 million for 2021. What does STEM do? Well in short they are the only player offer smart storage in renewables, energy grids (think Texas's grid) while deploying AI software to manage and optimize usage. They operate the world’s largest network of energy storage systems and optimize the usage with their Athena AI software. They're current customers, well to name a few; UPS, Home Depot, Facebook, Walmart and Amazon (there's more but I think you get it). Bloomberg New Energy Finance put out a projection of revenue in the clean energy storage market in the $1.2 trillion range and STEM is poised to capitalize on it. They are currently working with and have systems in Hawaii, Arizona, California and Texas as well as Japan. All that said they're going public the a SPAC (STPK) and are trading a premium of near $50 a share. The growth seems real and the company sure seems solid, it goes public under STEM in March. Would love to hear some feedback
| 49 |
unclebrio
| 1,613,949,303 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lp9a59/stem_aka_stpk_is_it_a_juggernaut_in_the_making/
|
lp9a59
|
goa9ftm
|
> I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor).
Should you choose to commit a long-term investment, do so after the merger, specifically after the PIPE dump.
STPK is less than a year old, so it's not due for warrants dilution.
| 8 |
Torlek1
| 1,613,952,954 |
STEM AKA STPK , is it a Juggernaut in the making?
|
I have to say I am pleasantly surprised to learn about a company that is about to go public with some very interesting technology that is fresh to the market place. I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor). Would love to hear some chatter on this if anyone has an opinion or a position. Here is what I have found doing some research and a little DD.
STEM has been around since 2009 and has good revenue $33 mill for 2020 and a projected $147 million for 2021. What does STEM do? Well in short they are the only player offer smart storage in renewables, energy grids (think Texas's grid) while deploying AI software to manage and optimize usage. They operate the world’s largest network of energy storage systems and optimize the usage with their Athena AI software. They're current customers, well to name a few; UPS, Home Depot, Facebook, Walmart and Amazon (there's more but I think you get it). Bloomberg New Energy Finance put out a projection of revenue in the clean energy storage market in the $1.2 trillion range and STEM is poised to capitalize on it. They are currently working with and have systems in Hawaii, Arizona, California and Texas as well as Japan. All that said they're going public the a SPAC (STPK) and are trading a premium of near $50 a share. The growth seems real and the company sure seems solid, it goes public under STEM in March. Would love to hear some feedback
| 49 |
unclebrio
| 1,613,949,303 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lp9a59/stem_aka_stpk_is_it_a_juggernaut_in_the_making/
|
lp9a59
|
goabtt9
|
Many are overlooking NBAC Nuvve as STEM's kid brother in that they have V2G technology for charging EV vehicle batteries when energy demand low and selling to back to utilities when demand is high and manage fleet energy like a mini power plant.
Obviously, they're not operating at STEM's level, but the potential for this company is grossly undervalued.
| 8 |
jorlev
| 1,613,954,224 |
STEM AKA STPK , is it a Juggernaut in the making?
|
I have to say I am pleasantly surprised to learn about a company that is about to go public with some very interesting technology that is fresh to the market place. I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor). Would love to hear some chatter on this if anyone has an opinion or a position. Here is what I have found doing some research and a little DD.
STEM has been around since 2009 and has good revenue $33 mill for 2020 and a projected $147 million for 2021. What does STEM do? Well in short they are the only player offer smart storage in renewables, energy grids (think Texas's grid) while deploying AI software to manage and optimize usage. They operate the world’s largest network of energy storage systems and optimize the usage with their Athena AI software. They're current customers, well to name a few; UPS, Home Depot, Facebook, Walmart and Amazon (there's more but I think you get it). Bloomberg New Energy Finance put out a projection of revenue in the clean energy storage market in the $1.2 trillion range and STEM is poised to capitalize on it. They are currently working with and have systems in Hawaii, Arizona, California and Texas as well as Japan. All that said they're going public the a SPAC (STPK) and are trading a premium of near $50 a share. The growth seems real and the company sure seems solid, it goes public under STEM in March. Would love to hear some feedback
| 49 |
unclebrio
| 1,613,949,303 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lp9a59/stem_aka_stpk_is_it_a_juggernaut_in_the_making/
|
lp9a59
|
goajtir
|
Stem is far from the only player in smart storage and virtual power plants. In fact, most of their competitors have been bought up by major energy players - Autogrid and Sunrun, Enbala and Generac, Fluence and Siemens, etc. Don’t get me wrong, I wish I’d gotten in on STPK, but my research convinced me they were actually getting left behind their competitors.
| 11 |
nobodyphilip
| 1,613,958,364 |
STEM AKA STPK , is it a Juggernaut in the making?
|
I have to say I am pleasantly surprised to learn about a company that is about to go public with some very interesting technology that is fresh to the market place. I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor). Would love to hear some chatter on this if anyone has an opinion or a position. Here is what I have found doing some research and a little DD.
STEM has been around since 2009 and has good revenue $33 mill for 2020 and a projected $147 million for 2021. What does STEM do? Well in short they are the only player offer smart storage in renewables, energy grids (think Texas's grid) while deploying AI software to manage and optimize usage. They operate the world’s largest network of energy storage systems and optimize the usage with their Athena AI software. They're current customers, well to name a few; UPS, Home Depot, Facebook, Walmart and Amazon (there's more but I think you get it). Bloomberg New Energy Finance put out a projection of revenue in the clean energy storage market in the $1.2 trillion range and STEM is poised to capitalize on it. They are currently working with and have systems in Hawaii, Arizona, California and Texas as well as Japan. All that said they're going public the a SPAC (STPK) and are trading a premium of near $50 a share. The growth seems real and the company sure seems solid, it goes public under STEM in March. Would love to hear some feedback
| 49 |
unclebrio
| 1,613,949,303 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lp9a59/stem_aka_stpk_is_it_a_juggernaut_in_the_making/
|
lp9a59
|
goa5ss8
|
I am also a believer in STPK (STEM) having bought their warrants at $3.60 2 months ago. I think they are going to be the 800 lb gorilla in this huge rising market (TAM) over the next 20 years.
Unfortunately, most spac players here aren't interested in post-merger investments because of the risks of holding post merger (share dilution due to warrant exercise, float dilution due to insider lock-up expiring, etc).
And moreover, the majority here aren't really investors but speculators trading one spac near NAV and selling on a pop, then moving the money to the next near NAV spac which doesn't require much research. Most are not sophisticated enough to do a financial and market risk analysis to invest in stocks at $40-50 per share. It's much safer to stick with near $10 spacs and that is completely understandable.
| 7 |
Apprehensive_Road821
| 1,613,951,028 |
STEM AKA STPK , is it a Juggernaut in the making?
|
I have to say I am pleasantly surprised to learn about a company that is about to go public with some very interesting technology that is fresh to the market place. I currently do not have a position in STPK/STEM although I am seriously considering a long play (I am typically a short term investor). Would love to hear some chatter on this if anyone has an opinion or a position. Here is what I have found doing some research and a little DD.
STEM has been around since 2009 and has good revenue $33 mill for 2020 and a projected $147 million for 2021. What does STEM do? Well in short they are the only player offer smart storage in renewables, energy grids (think Texas's grid) while deploying AI software to manage and optimize usage. They operate the world’s largest network of energy storage systems and optimize the usage with their Athena AI software. They're current customers, well to name a few; UPS, Home Depot, Facebook, Walmart and Amazon (there's more but I think you get it). Bloomberg New Energy Finance put out a projection of revenue in the clean energy storage market in the $1.2 trillion range and STEM is poised to capitalize on it. They are currently working with and have systems in Hawaii, Arizona, California and Texas as well as Japan. All that said they're going public the a SPAC (STPK) and are trading a premium of near $50 a share. The growth seems real and the company sure seems solid, it goes public under STEM in March. Would love to hear some feedback
| 49 |
unclebrio
| 1,613,949,303 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lp9a59/stem_aka_stpk_is_it_a_juggernaut_in_the_making/
|
lohouo
|
go64zy6
|
Volta is already at many Whole Foods locations so makes sense they're be at Amazon branded Amazon Fresh locations.
The presentation talks about fees for charging after certain time frames like 2 hrs for L2 and 15min for DCFC but I wonder if certain retailers – like perhaps Amazon – might want to pick up the charging expense on behalf of their customers as an added incentive to shop there. At some point, I'd like to get in touch with IR to see what's happening with fees. Anecdotally, I heard some say they're not being charged at all for any length of time charging and not even being asked to use a credit card. This may be the case for build out now and the fees will come later. Again, need to contact IR to figure out the plan here.
| 24 |
jorlev
| 1,613,863,930 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
lohouo
|
go75ehi
|
Is there any legitimate bear case for Volta?
From some quick research I see a company in a sector of major need, with a unique business strategy that maximizes their revenue while making the businesses/customers/advertisers happy. Its projected growth looks excellent and far ahead of its competitors relative to market cap.
It has sold off 20% since DA, so I am very tempted to open a large position and hold this one for a while.
| 15 |
MySexyBeerGut
| 1,613,884,740 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
lohouo
|
go6sglw
|
There is a rumor that cramer is going to pump a charging station.... Volta?
| 21 |
Quick-Marionberry-34
| 1,613,876,928 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
lohouo
|
go8svgz
|
Just FYI, according to the blog post, this is some really old news. This blog post was published on October 13, 2020.
| 5 |
_guffy_
| 1,613,928,395 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
lohouo
|
go8446k
|
Like the biggest institutional holders bought in at 14-15 $ range. If they are confortable with their positions we should be to. They invested millions
| 5 |
prpic123
| 1,613,914,738 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
lohouo
|
go5zx2m
|
great company, but the stock isn't moving up very well.
| 7 |
SaacTown
| 1,613,861,197 |
Volta Charging ($SNPR) - Amazon is one of many of their partnerships
|
[https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/](https://voltacharging.com/blog/volta-provides-charging-for-amazons-first-grocery-store/)
I think moving forward, we can see lots of partnerships with Volta because of the way they set up their charging stations. It's great for the partners in terms of advertising and these stations look sick let's be honest.
| 108 |
bun_dance_555
| 1,613,858,077 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lohouo/volta_charging_snpr_amazon_is_one_of_many_of/
|
ln7fgk
|
gnz5xti
|
Good work on this! This makes me happy since I took a chance on NGAC while everyone else is jumping in last minute to CCIV. I have a great feeling about Xos and I hope we’re right.
I live near North Hollywood (I’m in Pasadena, close enough) so I can go spy if you all need me to. I have my binoculars, body paint, and camouflage, so, all ready to go.
| 48 |
omgitwasntme
| 1,613,712,302 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzm22d
|
kids these days, amazing wht they can do. stockpenguin was the last person that reported some sherlock holmes sleuthing. amazing to see a young buck crushing through the gates with 500 bucks in hand showin the world what they are made out of. you're doing more work than the s. e. c.
| 27 |
godofcookery
| 1,613,725,159 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnz9a9s
|
I’m a fellow 20 year old finance student with no money and I commend you on your work
| 23 |
KYZ5
| 1,613,714,646 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go1c834
|
"R/StockMarket - $NGAC - Xos Trucks EV SPAC Rumor Is An Absolute Steal Right Now (DD) - Financial Editorial" https://financialeditorial-com.cdn.ampproject.org/v/s/financialeditorial.com/stock-market/r-stockmarket-ngac-xos-trucks-ev-spac-rumor-is-an-absolute-steal-right-now-dd/amp/?amp_gsa=1&_js_v=a6&usqp=mq331AQHKAFQArABIA%3D%3D#amp_tf=From%20%251%24s&aoh=16137612446390&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Ffinancialeditorial.com%2Fstock-market%2Fr-stockmarket-ngac-xos-trucks-ev-spac-rumor-is-an-absolute-steal-right-now-dd%2F
I think they stole your DD.. word for word... juice and all
| 14 |
snasna102
| 1,613,761,463 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnz63c4
|
Pretty compelling.
How will the market react? Tough times to be an EV SPAC at the moment with that behemoth sucking up all the oxygen.
Own 1200 commons @13. I keep eyeing the price wanting to average down. Hope I still can.
| 13 |
PantsMicGee
| 1,613,712,405 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzh5lm
|
I have been following XOS for a while now and I appreciate this DD. in for a 100, building up to 5000.
| 13 |
magurokuro
| 1,613,720,804 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0aw40
|
I feel like I owe you money for all of this work.
| 11 |
e39
| 1,613,744,517 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzan4f
|
I set a market order for 150 shares at open. Thanks for the research.
| 8 |
ntadon
| 1,613,715,653 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzkyuv
|
Announcement should come soon next week. It's big. I m glad I bought some shares last week.
| 10 |
californication61
| 1,613,724,165 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0jqla
|
"It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz"
Still reading through, but as a former Amazon driver I can attest that they slap a logo on almost any van they can get.
| 25 |
fromkevin
| 1,613,748,839 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
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**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0721i
|
Amazing research, thanks for doing this investigative work!
| 7 |
dhvdhv
| 1,613,742,436 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
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**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0bp67
|
This is some great DD I picked up 100 at 12.25 yesterday.
| 6 |
LimpRut
| 1,613,744,928 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go1vd05
|
Maybe it's time to increase my position in NGAC! SNPR and NGAC are my next plays after CCIV
| 6 |
flibbell
| 1,613,770,824 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go23xwp
|
Undoubtedly, this DD moved the needle today. This is some high quality speculation.
After hours is loving this.
| 6 |
e39
| 1,613,775,164 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzd5xj
|
Been hold gnac and was about to sell for a loss and move my money elsewhere. I’ll hold longer. Thanks for the info!!
| 5 |
Jr_time
| 1,613,717,584 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzosn8
|
Thx for your effort Mate!
I will hop on.
| 6 |
abzummond
| 1,613,727,747 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzxfhv
|
Great extensive DD OP!
This deal could be really big.
How far Are we with the Ngac spac? It is at an DA right? Dont hold a position yet, but looking to make an entry once i free up some cash
| 6 |
HyggeEnabler
| 1,613,735,791 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0xdhm
|
Amazing work my friend!! keep up the great work...hope you make good fortune in near future !!!
| 5 |
RoyalAffectionate962
| 1,613,754,873 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0clzj
|
The amazon related news is good stuff for sure, but NGAC merging with Xos is still purely a rumor right? All of this means nothing if NGAC fail to merge with them
| 8 |
Infraam
| 1,613,745,393 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
gnzb10b
|
I’m confused, I’ve been holding NGA (Northern Genesis Acquisitions) for a few months, which is a SPAC that acquired Lion Electric, who from my understanding is assembling electric enterprise vehicles, which amazon has already a large purchase order. I’m trying to follow, but NGAC (NextGen Acquisitions) is a different SPAC that sounds like a similar business with a similar ticker?
| 5 |
arlyax
| 1,613,715,939 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0ezdi
|
Great DD, 5000 NGAC warrant @1.5
Let hit $10 like NGA
| 8 |
DariusKingK
| 1,613,746,572 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0og5z
|
I hope so. I bought this crap the first day I heard at 14 and it’s been disappointing ever since. I truly thought this would hit 19 as soon as the target was announced.
| 8 |
hkteddy
| 1,613,750,965 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
ln7fgk
|
go0ufc9
|
am i missing something? isnt Amazon an investor in Rivian and has already placed an order of 100,000 vehicles?
| 6 |
cryptotiks
| 1,613,753,567 |
$NGAC - Xos/Amazon partnership almost completely confirmed (DD #1 Extension #2)
|
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Original DD Extension #1 on Amazon rumor developments with a juicy full live update panel as my DD developed throughout the night** [**https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac\_xos\_trucks\_rumored\_amazon\_partnership\_dd\_1/**](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 4:59 PM)** **Nationwide Juice:** (17 hours ago) [11 new job listings for Xos sales representative positions nationwide, coast to coast.](https://www.linkedin.com/jobs/xos-trucks-jobs-worldwide/?f_C=10689088&trk=top-card_top-card-primary-button-top-card-primary-cta) All the way from Los Angeles to New York and everywhere in between. Something is happening. Big juice.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 10:48 AM)** **Morning Juice:** I've been awake since pre-market but I like to wake up a little before touching social media at all. Good momentum today, I think NGAC can hold strong but don't expect much action above $15/$16 until an official LOI or DA. Remember that nothing is official yet and the merger deal between NGAC/Xos isn't guaranteed to go through, regardless of the hype. I have hope in the JUICE regardless. The JUICE is eternal, keep digging deep my friends and hold strong.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Update 1:58 AM)** I'm all out of JUICE, it's bed time. [Here's some OC to end the night](https://www.reddit.com/user/spycx/comments/ln9f54/what_a_night_with_ngac_and_xos_never_deny_the/), you rascals.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier on the [original rumor picture](https://i.imgur.com/MZw5sbZ.jpg) I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on** [the vans in Michigan](https://imgur.com/a/iUPueuT). The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design included in the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
**These plans, paired with all of my original DD in the prior two threads, justifies the rumored $2B PIPE evaluation and need to increase funds suddenly going towards Q2 2021. I'm now fully sold on NGAC. Confirmed Amazon trucks in California (and Michigan?) and a confirmed Canadian expansion, likely with Tfi International all in the beginning of 2021? I feel like something big is happening.**
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**(Small 1:06 AM DD & Speculation)** I'm thinking that the Amazon truck with the [**modernized Xos branded hood**](https://i.imgur.com/MZw5sbZ.jpg) that was spotted in California differs from the hoods of the [**Michigan EV trucks**](https://imgur.com/a/iUPueuT) due to localized marketing needs in California where Xos HQ is located, and the trucks like those spotted in Michigan are for discreet testing purposes nationwide. It's easier to roll out pre-fabbed non special-order trucks with an Xos chassis for testing purposes and keep the make of the vehicle a little more discreet. [ACTexpo is coming up in August](https://www.act-news.com/news/act-expo-2021-new-year-another-innovative-experience/) and I'm betting Xos wants to keep the branded truck local so they can show it off then and make a big story out of it like they historically have at previous ACTExpos. [Xos is a gold sponsor this year alongside some other big names.](https://www.actexpo.com/sponsors)
([ACT2018](https://www.fleetowner.com/running-green/article/21702434/thor-displays-fully-electric-class-8-truck-at-act-expo)) ([ACT2019](https://www.globenewswire.com/news-release/2019/04/23/1808410/0/en/XOS-Rolling-out-at-ACT-Expo-2019-Announces-Exclusive-Loomis-Agreement.html))
([ACT2020 Cancelled, still a big announcement and story in August](https://www.forbes.com/sites/lianeyvkoff/2020/08/18/electric-commerical-truck-startup-xos-raises-20-million-to-scale-production/?sh=26b21d7acdb8) announcing funding and scaling)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I'm still awake, it's worth it for the JUICE** **(1:35 AM EST)**: It seems like Amazon is trying to diversify their fleet. They've ordered EV trucks from Rivian, Lion Electric, and Mercedez-Benz. Seems like the next official announcement is Xos. The Lion order was only recently announced but was [supposedly already finalized way back in July 2020](https://www.electrive.com/2021/01/11/huge-order-for-lion-electric-trucks-from-amazon/). The timeline on this all makes sense, especially considering the fact that the Mason Olson documents for the Amazon Xos truck were published all the way back in October 2020.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications on any further DD I may do in the future, NGAC, Xos, or not.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
[Extra Due Diligence](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/gnz5zie?utm_source=share&utm_medium=web2x&context=3) **from** /u/ThicccAnalysis **offering important insight on the Mason Olson Catalogs:**
"*Ok, the Amazon Parts Catalog for XOS Electric find is HUGE. For those that didn't catch that part, the PDF can be found* [*here*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)*. If you look at the first page, it looks like there was a bill of materials for this:*
***"This parts guide contains illustrations and part numbers for Amazon P80 Package Delivery Cars and applies to bill of material #s Xos Electric JV003013"***
*Also, I think it's notable to point out that the other Amazon catalogs* [*(found here)*](https://www.morganolsonparts.com/parts-catalogs/amazon) *that are listed along with the Xos-Amazon catalog were the catalogs for trucks that Amazon has actually deployed. For example, the* [*Amazon Fresh Catalog*](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon_parts-catalog_jv000764.pdf?sfvrsn=f9d7b80b_6) *that's dated 2014-2015 was for the Amazon Fresh trucks that you see* [*here*](https://techcrunch.com/2020/04/13/amazon-puts-new-online-grocery-shoppers-on-a-waitlist/) *and* [*here*](https://www.vox.com/2017/11/15/16653862/amazon-fresh-usps-postal-service-shutdown-grocery-delivery)"
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 581 |
spycx
| 1,613,711,202 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/
|
lmvlvg
|
gnxfrbq
|
Great DD.
You can always take advantage of your student loans to invest in the market.
(That was a joke and a reference to the dental student who threw his loans into GME at $300)
| 31 |
orangesine
| 1,613,680,846 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnxoir0
|
I bought 350 @ 12.30 just now. I've been watching ngac all week and was hoping for it to get under $12.
I've been playing SPACs on everything but the usual DD of the business. Rumours, timelines, targets and hype. So far successful.
After cciv hype will ramp up on this and others.
| 20 |
Samula1985
| 1,613,684,599 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
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SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnxdb16
|
The source of the rumor is an article from Reuters, a reliable new source. If they wrote it, there a very high likelihood that , indeed, talks are going on between the two parties. That doesn't mean it will happen, but probably a good chance. I'm long NGAC, so good luck out there.. at this price there's more upside than down, which is why I likthe trade
| 15 |
Game__0n
| 1,613,679,772 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
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**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
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**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
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lmvlvg
|
gnxcclw
|
Huh interesting, didn't realize there could be these kinds of test drives without any sort of announcement. I guess at the very least XOS is good enough for Amazon to try out?
| 12 |
Withinss
| 1,613,679,357 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
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**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
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**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
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**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnyklpb
|
Some people keep commenting with what seems to be a limited understanding of business. It does not matter if Rivian and/or Lion Electric have deals with AMZN - they are not exclusive deals (as far as I know). AMZN is likely to use SEVERAL partners to fulfill their needs for EVs and if Xos Trucks is one of those partners that is most certainly good news to me.
NGAC stock is under $13, not too far from NAV. I have yet to sell a single one of my shares because I believe in this play and I expect it to climb past its all time high (mid $14s if I am not mistaken). I don't know what will happen, but i am feeling good. Hoping we get the DA soon and watch this take off!
| 23 |
tonoocala
| 1,613,700,253 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnxfai9
|
Hey I found that photo earlier today and commented to see if anyone else knew anything! Looking forward to this!
| 11 |
tonoocala
| 1,613,680,641 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
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**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
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**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
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**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gny3czs
|
wow great work bro. You set the research bar high :)
| 8 |
SyedSan20
| 1,613,691,442 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
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**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnymlet
|
Any rumors on what the ticker symbol could be? A cool ticker symbol could make it rocket it is EV..
| 7 |
Educational_Turn7886
| 1,613,701,303 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnybwv7
|
Your Amazon/XOS connection is 100% right. I can say this with 100% certainty. Announcement should be soon.
I am in for 6k shares.
| 12 |
daballer2005
| 1,613,695,712 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnyatrz
|
Announcement should be coming next week! Hopefully! They did say by the end of the month!
| 7 |
mazdamansouri
| 1,613,695,166 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnz2e1o
|
Holy shit, your latest findings on the Amazon Parts Catalog for the XOS Electric Chassis is big. The actual PDF catalog can be found here: https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8
| 10 |
ThicccAnalysis
| 1,613,710,050 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnxgyxj
|
Me: Oh cool I already have this one...I think.
​
Nope, NBAC is the one I already have. Damn these things for having such generic tickers.
| 5 |
IguaneRouge
| 1,613,681,368 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lmvlvg
|
gnxahnx
|
It might be a test unit like the ups one. But why would amazon pick xos when Rivian exists? I wouldn't buy too much into it.
I only have 200 shares sitting there but don't expect too much from them.
| 5 |
snailSucculents
| 1,613,678,569 |
$NGAC - XOS Trucks RUMORED AMAZON PARTNERSHIP (DD #1 Extension)
|
**|||||||**[**LIVE UPDATES CONTINUING HERE AS OF 11:13 PM EST**](https://www.reddit.com/r/SPACs/comments/ln7fgk/ngac_xosamazon_partnership_almost_completely/)**|||||||**
​
**Original NGAC/Xos Juice with full, comprehensive, cited, due diligence for those out of the loop:** [**https://www.reddit.com/r/SPACs/comments/llkisr/ngac\_xos\_trucks\_ev\_spac\_rumor\_is\_an\_absolute/**](https://www.reddit.com/r/SPACs/comments/llkisr/ngac_xos_trucks_ev_spac_rumor_is_an_absolute/)
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**I drank all the juice(11:13PM EST) HUGE UPDATE:** When I ran the plate number earlier I overlooked that the 2021 XOS SV01 Amazon Step van was assembled at a nondescript assembly plant in **TENNESSEE**. Upon further investigation the only prominent Step-Van assembly plant in Tennessee is **Morgan Olson**. According to an [article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck) I found on the manufacturing process for the Loomis and UPS Xos trucks: " **XOS partners with Utilimaster and Morgan Olson to provide the van bodies for the UPS and Loomis EVs**." This prompted me to dig EVEN further and I found an [**OFFICIAL Morgan Olson Amazon Parts Catalog made specifically for Xos Trucks, logo included, dating back to OCTOBER**](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog)**.** That about does it for me, **this official van schematic even includes the extra window on the curbside that I spotted on the vans in Michigan**. The only difference, since **I assume this wasn't meant to be publicly published**, is the lack of the Xos branded hood design like the picture of the truck spotted on January 31st. This matches everything up for me. I'll do some more digging in the morning but this ties it all together.
[**Direct link to PDF of Morgan Olson Xos Trucks Amazon Step Van Catalog**](https://www.morganolsonparts.com/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog.pdf?sfvrsn=7ef04149_8)
**Important DD from the** [same article](https://www.chargedfleet.com/347423/how-a-fleet-operator-builds-an-electric-truck): " XOS manufactures its batteries in its North Hollywood facility and assembles the truck chasses in Tennessee, where the completed vehicles roll off the line for delivery. **The company plans to expand the Tennessee facility and may co-locate its battery manufacturing there**. "
Also I made a [Twitter](https://twitter.com/spycx1) for live update notifications.
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**Last glass of juice for the night most likely (9:10 PM EST Fixed 9:39 PM):** [Two more potential Xos step vans](https://i.imgur.com/6poQlH8.jpg) in **MICHIGAN** possibly confirmed from a month ago. ~~There are at least two confirmed now so this isn't a one-off thing.~~ . ~~Looking even better.~~ I found the image on an Amazon driver subreddit, here's the [album](https://imgur.com/a/iUPueuT) and a comment from the OP (blurred) indicating that this is in Michigan. At first it looks like one van, but it's there's actually another parked behind the front one. Look at the design of the hood and compare to other pictures and the vimeo video I linked earlier, ~~it's the same truck.~~ **on second thought, it may not be the same truck and I can't tell without a view of the logo and some features from the original truck are different, like the extra window on the door, or the absence of the overhanging top lip above the window from the original California van. I maybe off base here, these may be from an entirely different company. Definitely not Rivian though**
​
**(11:29 PM Update on this update)** [Check this](https://www.morganolsonparts.com/parts-catalogs/amazon/docs/default-source/morgan-olson-docs/amazon/amazon-2020-xos-electric-parts-catalog) and the new update, these Michigan vans definitely aren't Rivian and the hood and window issue I discussed is deciphered in the parts Catalog from Xos' official manufacturer. These are likely Xos Amazon vans in Michigan as well.
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**Juice courtesy of** /u/glorillainvesting **(6:32 PM EST)(Fixed 7:15 PM, mistake on my end, sorry):** Amit Shekar, a partner of multiple Amazon DSPs (Delivery Service Partners) ~~DSZ (Delivering Shipment Zero)~~ for fleet management [commented](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29) over six months ago on an Xos LinkedIn post stating "You make 'em, I'll sell em!"
~~This is significant because the~~ [~~Amazon Xos van~~](https://i.imgur.com/MZw5sbZ.jpg) ~~coincidentally has "Delivering Shipment Zero" decaled on to the side of it. Delivering Shipment Zero is part of the initiative that purchased 100K vehicles from Rivian in 2019. Big.~~
Amit Shekar's bio says he works with several Amazon DSPs which is "Delivery Service Partner" not the same initiative from Amazon that bought the 100k Rivian trucks(**corrected from above**), which is called DSZ, "Delivering Shipment Zero." My apologies. This is still a significant interaction regardless.
[https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29](https://www.linkedin.com/feed/update/urn:li:activity:6701504077395742722?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6701504077395742722%2C6762393915631972352%29)
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**FRESHLY SQUEEZED JUICE(5:13 PM EST):** Compare the picture of the [Amazon Xos van](https://i.imgur.com/MZw5sbZ.jpg) to the CAD model Xos shows off in [this video](https://vimeo.com/345785941#t=285s) at 4:45. Nearly identical. This is the most damning proof so far for me, paired with the plate matches from earlier. This van is also really close/identical to the UPS Xos vans that they've been testing since early 2020 which you can see later in the same video. I am digging DEEP right now.
[Side by side comparison](https://imgur.com/a/Dhqv3FW)
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**BIG JUICIER-EST UPDATE (4:33 PM EST):** I ran the USDOT number on the van, "**2881058**" and the Legal Name and owner is "**Amazon Logistics Inc**" which pretty much confirms that Amazon is at least TESTING Xos' technology and has working wheels on the ground already.
[https://i.imgur.com/9XhnGbV.png](https://i.imgur.com/9XhnGbV.png)
RUN IT YOURSELF HERE: [https://safer.fmcsa.dot.gov/CompanySnapshot.aspx](https://safer.fmcsa.dot.gov/CompanySnapshot.aspx)
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**BIG JUICY UPDATE (4:30 PM EST):** I was able to make the plate number out in the picture and when I ran it through a plate checker it popped up as a "**2021 XOS SV01- Step Van**" this looks more and more legit the more research I do. **Plate number is** "**71833C3**" and it's in California if you want to look it up yourself.
[https://findbyplate.com/US/CA/71833C3/](https://findbyplate.com/US/CA/71833C3/)
[https://i.imgur.com/La2R2Wx.png](https://i.imgur.com/La2R2Wx.png)
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**EVEN JUICIER(Useful, but old information. Check updates above):**
A picture of an [**XOS Powered AMAZON VAN**](https://i.imgur.com/MZw5sbZ.jpg) was posted on Tesla forums on **Janurary 31st, 9 days PRIOR to official rumor publications of a potential NGAC/Xos merger via Reuters.** The user who posted has been relatively active on these forums since November 2020 if you look at his profile under "postings," but nothing that raised any red flags for me in terms of intentions to pump. There weren't any official posted rumors of the merger when this took place, so there wasn't anything to pump in the first place. Could still somehow be a hoax though, so be careful.
[https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805](https://teslamotorsclub.com/tmc/threads/what-is-this-electric-truck-that-amazon-is-using.219423/#post-5305805)
If Xos announces a deal with **UPS**, **Amazon**, and/or **TFi International** in the next month or two the deal could be a lot more valuable than previously thought and further justify the $2B valuation if rumored plans to go public via a merger with NextGen Acq. go through
**Here's my response as to why I don't think this is an attempt at a pump, commented in response to another comment below:**
[*"That instantly crossed my mind too but this was posted 9 days prior to the first publication of rumors that Xos and NGAC intended to merge. The poster has been active on TeslaMotorsClub forums since November 2020 and nothing on his profile under "postings" raised any other red flags for me he just seems like a dude who owns a Tesla and posted about random issues here and there until he posted this"*](https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/gnxch21?utm_source=share&utm_medium=web2x&context=3)
Shout out to /u/tonoocala for giving me a heads up on this entire scenario in the original DD thread
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**Disclosure & Disclaimer:** I own 40 commons of NGAC at $13.20 average (I'm a 20 year old Finance student with big ideas and no money) I'm new to the market and this is the first time I've done any real market speculation or due diligence. I'm not a financial advisor. My recommendations and updates aren't confirmation of anything or guaranteed to make you any money and a DA is never guaranteed but from what I've read and gathered, the outlook of a SPAC merger between XOS/NGAC is looking really good and XOS is going to be a huge player in the EV market going forward. It's a relatively small company compared to competitors but it's arguably done way more with way less so far and the team has incredible grit. I just wish I had more of my own liquid capital so I could take a larger position right now.
| 324 |
spycx
| 1,613,678,125 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lmvlvg/ngac_xos_trucks_rumored_amazon_partnership_dd_1/
|
lm4neb
|
gntgobe
|
Thanks for this post I'm long on FTOC and I find that a bearish DD to help temper my bullishness on the stock helps to focus how to play it.
| 27 |
ezoneclan
| 1,613,601,218 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gnu6gca
|
Payoneer is also going heavy into “working capital” which is essentially money lending to businesses. They have the former Israeli Chief Economist Yoel Naveh leading the working capital division. Money lending is much more lucrative than the <1% take rate for payments.
Also, if Betsy Cohen’s other fintech SPACs collaborate to form an alliance, it would be a huge synergy. It could potentially achieve what Jack Ma famously failed to do (his Ant IPO was blocked): create a super all-in-one financial system ranging from loans, payment, investment, etc.
| 20 |
ethereum88
| 1,613,613,691 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gnujfjk
|
Solid DD, thanks for posting the bear case. Keeps this sub feeling less echo chamber-y.
While it is worth bringing up some of Payoneer's "Bumpy Customer Relations," most reviews of Payoneer online are extremely positive. Many of their customers swear by them. I also read in a different DD post that they have over 100% customer volume retention, meaning customers tend to stay and increase their payment volume.
I have FTOC commons and warrants worth about 10% of my portfolio.
| 23 |
big_pat_fenis
| 1,613,620,258 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gnty8vt
|
Just wanted to add while browsing the recent Failure to Deliver info from the SEC:
20210115|G37288100|FTOC|455586|FTAC OLYMPUS ACQUISITION CORP |10.68
20210115|G37288126|FTOCW|194880|FTAC OLYMPUS ACQUISITION CORP |2.19
The amounts are much higher than I would expect. Thoughts?
| 9 |
Gypsy__Traveler
| 1,613,609,629 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gntoqbf
|
not bullish on FTOC overall but it is definitely worth more than this. at least 15-16. holding 4k warrants at $3.00
| 5 |
blahwoop
| 1,613,604,868 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gnygh58
|
Payoneer taking over India and Greater China is huge.. the crypto pushback is going to help them claim a big piece of business for now.
| 5 |
lunchbox_popshuv
| 1,613,698,095 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
lm4neb
|
gntsnne
|
To me the red flag is growth. For the two years prior to 2020, revenue grew by around 20 percent. In 2020, this dropped to 9 percent. According to their investor presentations, revenue growth goes back up to 25% in 2021 and 2022. However, I could find no explanation for the drop in 2021 and/or an explanation of why it goes back up in subsequent years. Watching but on the sidelines for now.
| 7 |
txrazorhog
| 1,613,606,798 |
$FTOC/Payoneer: The Bumpy Road Ahead
|
(4 min. read)
By this point, I think it’s safe to assume everyone has at least heard of this merger, but we’ll go over the basics real quick.
- Payoneer acts as a B2B global payment platform allowing for international payment and invoicing, primarily targeting small businesses
- Payoneer has announced that it will merge with FTAC Olympus Acquisition Corp. ($FTOC)
- This transaction is being given a $3.3B enterprise value (7.6x estimated 2021 revenue of $432M)
- $300M in PIPE funding from various funds (including Dragoneer and Fidelity) [[1]]
I am going to be honest; it was a little difficult to create a solid bear case for this company. The numbers are good, and that is typically the easiest thing to target when doing DD (if anyone can find some concerning figures, please comment them below and I’ll try to edit them in). Most of the things below will be less quantitative but are still important to take note of as the merger moves forward. This list is certainly not exhaustive, and I would love to hear what other’s thoughts are in the comments, please call me out where I am wrong.
---
# Competition
This is the largest and most obvious hurdle Payoneer will face moving forward. The next few years will be some of the most crucial years for this business, and the injection of cash from the merger shows they know it too.
## PayPal
PayPal is one of the OG fintech companies. They have incredible brand recognition and are the clear frontrunner in this space, at least in the United States. They have been around for a long time and support lots of different currencies in many different countries. They know what they do and they do it well.
Within the past few weeks, PayPal’s India branch announced it will shift fully to servicing cross-border trades and exports [[2]]. PayPal very obviously knows the threat Payoneer presents to its business and will undoubtedly attempt to shift its focus on the international market in order to get as many B2B customers as they can. This will directly affect the ability of Payoneer to scale and grab market share.
This focus is not limited just to India. Within the past year, PayPal has taken an extremely aggressive approach to geographical expansion, in order to try and scoop up as many customers as possible on the global marketplace [[3]].
Currently, Payoneer has a few advantages over PayPal that won’t allow for it to be eaten overnight such as lower fees and more currencies supported, but that does not mean PayPal won’t be able to severely limit the growth Payoneer could have.
## Transferwise
On the other side of the spectrum is Transferwise. This is a smaller company then Payoneer, but could pose a very real threat. With a revenue of 139M GBP, Transferwise does not have the same footprint Payoneer does, but they offer some significant advantages over Payoneer. One large advantage is that it offers much lower rates for its customers by only charging the mid-market exchange rate and conversion fee. One other advantage is that it supports far more currencies then both PayPal and Payoneer. Although Transferwise has some significant advantages, it does not operate in as many countries as the others and has a smaller market share.
One important takeaway from this company is that Payoneer is entirely replaceable. If someone bigger and better comes in, Payoneer could fall off. This is where a good management team comes into play, and if Payoneer ever starts to get complacent, it could quickly signal the end.
## Bitwage
I will only mention Bitwage briefly as I don’t know much about it. They are a slightly newer company that aims to provide similar services as these other companies, but with the ability to use Bitcoin. This allows for payments without needing to link a bank account. I am personally not big on Bitcoin, but I thought it would be worth mentioning.
Overall, Payoneer has some serious competition it will be fighting with to capture more of the market. It is poising itself well to do so, but as we all know-
---
# Growth isn’t a Given
There is really only one number that matters when it comes to the bottom line for Payoneer. Transaction Volume. This is where the money is made, and what makes Payoneer a business. Thus, in order for the company to grow, that transaction volume needs to grow.
From the investor presentation, Payoneer really pats themselves on the back for their expected growth over the next two years, putting themselves at similar growth to the big names such as PayPal, Square, and Shopify and far above other fintech companies such as Fiserv [[1]]. This growth is certainly possible, but it is by no means a given. Although the total transaction volume worldwide is expected to increase over the next few years [[4]], Payoneer will need to take a bigger piece of the overall pie to maintain their estimates and stay on track as a competitor in the global marketplace.
Scaling may prove to be difficult as the competition moves into the same space, but only time will be able to answer this one.
---
# Bumpy Customer Relations
I have seen this discussed quite a bit here on Reddit, and I feel it is worth mentioning. Payoneer has a very strict entry process, making it very difficult to sign up and start receiving payments as a SMB owner. Although this is mostly due to strict regulatory bodies, it still affects the quality of life of its customers and can turn potential customers elsewhere. This can be seen on various threads here on Reddit and elsewhere. A quick look at r/Payoneer should be enough to raise some eyebrows.
In addition, Payoneer allows their customers to have prepaid debit Mastercards to which they can be paid through. In 2018, Payoneer had many ties and investments in Choice Bank, a bank incorporated in Belize. The bank went under, leaving lots of customers trying to scramble to get their money back from an account they didn’t even know was foreign. I would highly recommend reading this article [[5]].
Although Payoneer has a good record with various regulatory bodies, shady dealings like this are never good for a company, especially one in a highly competitive area in which the customer can switch to someone new at any time.
---
# Name Recognition
Ok, now I admit that this is somewhat of a weaker more subjective pitfall of Payoneer, but if brand recognition didn’t mean anything, places like r/teslainvestorsclub wouldn’t even exist. This section is less focused on issues of the core business, and more on issues the stock itself might face. And after all, that’s all that matters in the end.
As Payoneer positions itself as a middleman for processing payments, it may be hard for consumers to even recognize they are using it. When an American buys something on Amazon, they have no idea the seller in Japan is getting that money through Payoneer.
Since Payoneer is strictly B2B, this will make it difficult for Payoneer to become a household name, especially in the United States. Payoneer’s focus is on the relatively untapped global SMB and commerce market, which will make it less relevant to the average consumer in the United States, which already has its established big players. With the rise in retail investors influence [[6]], this could cause slower than anticipated growth in the underlying price (sorry, this isn’t the next Tesla, and no, there may not be as many rocketship emojis). Most of the price action will be coming from large funds and a small amount of retail investors. The best-case scenario for name recognition is for Payoneer to be bought by a popular ETF.
---
# Conclusion
When researching investments, it is important to remember that there are always potential downsides. I made this post because there is a serious lack of bearish DD on this sub and paying attention to these potential downsides allows one to be a more informed investor. With that being said, I am still bullish on this long term. I plan on taking my shares and locking them up for the next few years to see where this goes. I think Payoneer has some serious potential for massive growth if it can overcome some of the challenges I discussed. I originally planned on writing some bullish DD for this, but after doing a quick search I realized there was no high visibility bearish case at all to be found on this sub.
Here are a few great bullish cases to read up on:
Beautiful write up by /u/sorengard123 can be found [here.]( https://www.reddit.com/r/SPACs/comments/ldsbq1/payoneer_ftoc_updated_dd_for_valuation/)
Good discussion of PayPal by /u/ethereum88 right [here.]( https://www.reddit.com/r/SPACs/comments/lisapb/payoneer_the_paypalkiller_of_b2b/)
Q&A Time!
Q: TL;DR?
A: Payoneer has some serious hurdles it will need to overcome to hit the high growth targets they have. Some of these hurdles include very high competition, the potential for growth issues, the historically rocky customer care, and the lackluster brand recognition among retail traders.
Q: Will the stock go up or down?
A: [¯\\\_(ツ)_/¯](https://memegenerator.net/instance/72586697/bill-oreilly-proves-god-numbers-go-up-numbers-go-down-you-cant-explain-that)
That is all the time we have for Q&A today, thanks for coming out!
DISCLAIMER: I am not a financial advisor and this is not financial advice. I simply like to spend my time reading boring things.
DISCLOSURE: Long commons @11.64
\[1] https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
\[2] https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
\[3] https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
\[4] https://www.statista.com/outlook/296/109/digital-payments/united-states
\[5] https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
\[6] https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
[1]:https://pubs.payoneer.com/docs/investor-presentation.pdf?_ga=2.81777239.1756568695.1613237360-1237410294.1613237360
[2]:https://economictimes.indiatimes.com/tech/technology/paypal-india-paypal-to-wind-down-india-payment-operations-this-year/articleshow/80694407.cms?from=mdr
[3]:https://www.spglobal.com/marketintelligence/en/news-insights/trending/d8CM1NfDS89rs34a3YLJlw2
[4]:https://www.statista.com/outlook/296/109/digital-payments/united-states
[5]:https://www.nbcnews.com/business/consumer/secret-documents-reveal-potential-dark-side-prepaid-debit-cards-n1240332
[6]:https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035
| 146 |
Muhammad-The-Goat
| 1,613,595,844 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/lm4neb/ftocpayoneer_the_bumpy_road_ahead/
|
linvez
|
gn492u5
|
Volta is super underlooked right now and I'm not sure why. Offering free charging (up to 3hrs), advertising and data based revenue, 2nd highest revenue per station charging SPAC wise, fair valuation, hell it even looks sexy when compared to the others too. Call me biased but this really should be worth at least $20.
| 22 |
xCrossfirez
| 1,613,174,276 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn47i12
|
Praveen might have been hired for his experience with electric charging start ups. It's common for management to be hired for specific skills; think airline CEO's, some are region, size, and economic specialist.
If anything Praveen's involvement means Volta can grow to the size of Charge Point, where upon the company will find someone with global expansion skills.
| 15 |
pearli
| 1,613,173,440 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn49vql
|
While I like both Chargepoint and Volta, Volta is way too undervalued so I will Put my money in $SNPR for Volta!
| 16 |
DurianFart
| 1,613,174,708 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
linvez
|
gn4bbvw
|
SBE is done. That thing is going to dump hard after merge as usual. I have played NKLA and HYLN and i know what happens. I sold and moved my money to SNPR. Lets ride it until merge!
| 22 |
polloponzi
| 1,613,175,497 |
Comparison: Volta ($SNPR) vs. ChargePoint ($SBE)
|
Hi all,
I just wanted to make a thread to discuss the pros and cons of each of these investments. Right now, I am leaning towards Volta as a stronger long-term pick, but I want to **challenge my preference** and hear what everyone else has to say.
**Base Pro Forma Enterprise Value:**
SBE - $2.4b, SNPR - $1.4b
**Current Enterprise Value** Courtesy @apan-man
SBE 11.3b @ $38/share, SNPR $2.4b @ $15/share
*From my understanding:*
* **Volta** is newer in the space, whereas **ChargePoint** already has a proven business model with successful revenue.
* **Volta** has more innovation in addition to EV charging, including media displays and partnerships with corporations such as Amazon's Whole Foods.
* **Volta** is currently at a significantly lower valuation (see below), compared to its competitors and additional metrics.
* **ChargePoint** has 750+ employees, and Volta has a smaller workforce of 150 employees.
* Interestingly, Volta has Praveen Mandal, **the former co-founder and president of ChargePoint.** Why would Praveen leave in 2011, only to come back to a competitor? What information does he have that he can bring to Volta?
​
https://preview.redd.it/xxp5dh0hgah61.png?width=961&format=png&auto=webp&s=548aacc7948e4dc877fa06599572212738ee9fff
https://preview.redd.it/1hx0fophgah61.png?width=919&format=png&auto=webp&s=388ec41c0d7a64c0dff68d5ff726af924278ba94
**Competitor Valuations:**
https://preview.redd.it/x1x2h5higah61.png?width=1162&format=png&auto=webp&s=921f6ef8ad59efa4ab1acd2f074802646e37d476
**Business Model + Other Metrics:**
https://preview.redd.it/71apoxbjgah61.png?width=1118&format=png&auto=webp&s=790b0568a5ccf37fc6d41a8fbc228c890db289e0
**EBITDA Growth:**
https://preview.redd.it/mev5552kgah61.png?width=1318&format=png&auto=webp&s=6b0210bd1540025c7c0de2020142eac8433ba627
**Volta Media Display:**
https://preview.redd.it/q6l23ykkgah61.png?width=1410&format=png&auto=webp&s=aaca206a23d45b318d4c02db14cac9c242e7031a
**ChargePoint Team:**
https://preview.redd.it/196s8fblgah61.png?width=1180&format=png&auto=webp&s=b6b68530681aa82400ad4fd3046f24a3f99b160b
**Volta Team:**
https://preview.redd.it/64343mzlgah61.png?width=1328&format=png&auto=webp&s=72ef55de8055ad3e86c0d0f5b2f5b77aebeb9140
*Disclosure: 1100 shares SNPR position. No position in SBE.*
*Disclaimer: I am not a financial advisor... do your own due diligence.*
| 160 |
xGuardians
| 1,613,172,925 |
amazon
|
SPACs
|
https://www.reddit.com/r/SPACs/comments/linvez/comparison_volta_snpr_vs_chargepoint_sbe/
|
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