CCIV - Lucid talk on the valuation for Churchill Capital IV

Lucid Motors (LUCIDM) is credited as having one of the best chances to disrupt the electric vehicle market in a breakdown today by The Wall Street Journal's Stephen Wilmot. The question posed by Wilmot is if the +$50B valuation implied by Churchill Capital IV's (CCIV) stock price is warranted. Deal math: "CCIV agreed to pay $11.75 billion for Lucid’s existing business. Add the blank-check company’s $2.1 billion in cash and another $2.5 billion in cash from institutional investors and you get postdeal equity of $16.3 billion. But the company also cited a valuation of $24 billion. This is because the institutional investors agreed to buy into CCIV at $15 a share—a 50% premium to its net asset value but far below its current share price. Apply that premium to the entire equity and you get roughly $24 billion." Lucid Motors CEO Pete Rawlinson knows the reality that the electric vehicle

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Lucid talk on the valuation for Churchill Capital IV