Raising the ‘meter price…

The Daily Dish (12/30/20)

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Here’s the first assist 👇

https://twitter.com/NBA/status/1343801125011652608

Why Luminar Technologies’ Stock Spiked Yesterday

This tweet from Monday night got some notice – and as Twitter tends to do – it started speculation. It pictures Luminar Hydra LiDAR $LAZR on a test Tesla.

The Kilowatts 🚗⚡️ @klwtts
Engineering Test Model Y rocking a new set of sensors! #Tesla #ModelY #Autopilot #FSD #FSDBeta

December 29th 2020
31 Retweets251 Likes
To be clear, this in no way implies a relationship between Tesla and Luminar. Infact, Elon on Autonomy Day in 2019 Elon said this: “LiDAR is a fool’s errand – anyone relying on LiDAR is doomed”.
Safe to say I don’t think Elon has changed his opinion. Watch 👇

<h1><a href="https://www.globalbankingandfinance.com/category/news/zanite-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-on-or-about-january-7-2021/amp/">Zanite Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants around January 7, 2021</a></h1> <ul><li><p>Zanite Acquisition Corp. <strong>$ZNTE</strong> is a special purpose acquisition company that may pursue an acquisition opportunity in any business or industry, it intends to focus on companies in the aviation, aerospace and defense, urban mobility and emerging technologies industries.</p></li><li><p><a href="https://www.businesswire.com/news/home/20201116006093/en/Zanite-Acquisition-Corp.-Announces-Pricing-of-200000000-Initial-Public-Offering">Zanite is led</a> by Co-Chief Executive Officers Steven H. Rosen and Kenneth C. Ricci. Mr. Rosen is the Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners, a private equity firm. Mr. Ricci is a principal of Directional Aviation Capital, which owns various aviation enterprises (pictured below). </p><div class="captioned-image-container"><figure><a class="image-link image2 image2-1073-1456" target="_blank" href="https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe0bcac68-7990-4abf-ab9a-07ab19f5e7f5_2198x1620.png" rel="noopener"><img loading="lazy" src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e0bcac68-7990-4abf-ab9a-07ab19f5e7f5_2198x1620.png" width="1456" height="1073" data-attrs="{"src":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/e0bcac68-7990-4abf-ab9a-07ab19f5e7f5_2198x1620.png","height":1073,"width":1456,"resizeWidth":null,"bytes":300817,"alt":null,"title":null,"type":"image/png","href":null}" alt="" /><style><![CDATA[ a.image2.image-link.image2-1073-1456 { padding-bottom: 73.69505494505495%; padding-bottom: min(73.69505494505495%, 1073px); width: 100%; height: 0; } a.image2.image-link.image2-1073-1456 img { max-width: 1456px; max-height: 1073px; } ]]></style></a></figure></div></li><li><p><a href="https://www.crainscleveland.com/finance/resilience-capital-invests-northeast-ohio-makers-microshield-360-disinfectant">Cleveland-based Resilience</a> invests in niche manufacturing and business services companies, targeting investments in firms with $25 million to $250 million in revenues. It typically invests between $5 million and $15 million per deal.</p></li></ul> <h1><a href="https://www.nasdaq.com/articles/altimeters-second-tech-spac-altimeter-growth-corp.-2-raises-deal-size-by-75-ahead-of-%24350">Altimeter’s second tech SPAC Altimeter Growth Corp. 2 raises deal size by 75% ahead of $350 million SPAC IPO</a></h1> <figure class="wp-block-image size-large"><img src="https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/9d2aaa0f-733b-45d5-adc3-909bb1fd567a_1000x666.jpeg" alt="Online-Travel King Brad Gerstner Wants Venture Capital Empire - Bloomberg" /></figure> <ul><li><p>The Menlo Park, CA-based company <strong>$AGCB</strong> now plans to raise $350 million by offering 35 million shares at $10. The company had previously filed to offer 20 million shares at the same price. Unlike an ordinary SPAC, the company is not offering units with warrants attached. The company may raise an additional $50 million at the closing of an acquisition pursuant to a forward purchase agreement with an affiliate of Altimeter.</p></li><li><p>The company is led by <strong>CEO and Chairman Brad Gerstner</strong>, the founder and CEO of Altimeter Capital. <a href="https://whalewisdomalpha.com/brad-gerstners-altimeter-capital-13f-returns/">Altimeter has seen successes</a> like Priceline ($BKNG), Expedia ($EXPD), Uber ($UBER), Twilio ($TWLO) and Hubspot ($HUBS). Then there’s Snowflake ($SNOW). Altimeter was the lead investor for the software company’s <a href="https://www.crunchbase.com/funding_round/snowflake-computing-series-c--7dff0c75">$79 million Series C funding round</a> in June 2015. With SNOW currently trading at $304, that stake is now worth<em> $11 billion.</em></p></li><li><p>But while Gerstner has built a VC juggernaut, Altimeter Capital’s public investments have been none-to-shabby. Gerstner has proven himself to be a world-class stock picker. Since 2011, holding an equal-weight portfolio of the fund’s top 20 13F positions, and rebalancing quarterly, would have generated average annual returns of 29.52%. That’s nearly 2.2x the annual return of the S&P 500 over that period.</p></li></ul> <p><strong>If you enjoyed today’s dish please gift it to a friend (or your neighbor with the smaller house) 👇</strong></p> <h3><strong>There’s No I In Trade</strong></h3> <p>My goal is to create a community where people can educate themselves through the world of investing. I can’t do that alone, we need to build this community together. So tell me what you’re loving, tell me what you want to see more of tomorrow.</p> <h6>Disclaimer: This is not financial advice and should not be interpreted as such. I am not a financial advisor. I may currently own or have owned many of the SPACs mentioned above – but that does not mean I am invested now. My investing method is highly risky swing trading which means I am constantly in and out of positions. Please do your own research or hit up the #SPACsquad on Twitter to learn more about SPACs.</h6>