New SPAC Boom Rhymes Uncannily With The Last One

  • Replacing 2020 and 2021 models like Nikola, Canoo and Fisker are ventures such as self-driving trucking technology firm Plus Automation. Plus is teaming up with Churchill Capital IX, one of a series of shells spearheaded by former Citigroup investment banker Michael Klein. The Plus presentation spends much time dreaming up the size of a potential market using vague math about saved labor costs.