2min chapter

Behind the Money cover image

An electric truck start-up founder goes to trial

Behind the Money

CHAPTER

What's Unique About SPACs?

Nikola is supposed to be a hydrogen electric trucking company. The idea is that customers will buy the truck from Nikola for about 300,000 dollars. And then they will also buy the hydrogen from a system of stations across the country. In 2020, Nikola goes public with a SPAC or special purpose acquisition company.

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