Amazon · SpaceX · Crypto Briefing
Einride to debut on Nasdaq amid SpaceX IPO buzz
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The Swedish autonomous freight company hits public markets through a $1.35 billion SPAC merger, landing in a week dominated by SpaceX mania.
Key facts
- SpaceX’s public listing, targeting a valuation somewhere between $1.75 trillion and $1.8 trillion, is expected around June 12
- The deal was first announced on November 12, 2025, with an initial valuation of $1.8 billion
- The valuation revision from $1.8 billion to $1.35 billion deserves close attention
- On the fundraising side, Einride secured $113 million through an oversubscribed PIPE financing in early 2026
Summary
Einride, the Swedish company building autonomous electric trucks, is set to begin trading on the Nasdaq under the ticker ENRD on Wednesday. SpaceX’s public listing, targeting a valuation somewhere between $1.75 trillion and $1.8 trillion, is expected around June 12. Einride is going public through a merger with Legato Merger Corp. III, a special purpose acquisition company. The deal was first announced on November 12, 2025, with an initial valuation of $1.8 billion.