What Happened to Symbotic?
Ticker: SYMSPAC Year: 2021
Return
+426.0%
Current Price
$48.75
Peak Price
$87.88
Trust Size
$3.0B
Summary
Symbotic is an AI-powered warehouse robotics and automation company that builds end-to-end supply chain solutions for major retailers. The company went public via SPAC merger with SVF Investment Corp (SoftBank) in 2022. With a ~$30 billion market cap and major contracts with Walmart and other retailers, Symbotic is one of the most successful SPAC stories.
What Happened
SVF Investment Corp, a SoftBank-sponsored SPAC, merged with Symbotic in June 2022. The company's AI-powered warehouse automation technology won major contracts, including a deal to deploy systems across Walmart's distribution network. Symbotic's stock has been volatile but trades at ~$49/share with a $30B market cap. It was misclassified as bankrupt.
Timeline
2021-03-04
S-1 Registration Filed