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Reuters
Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ
Aerwins, which is taking orders for the XTurismo hoverbike with a motorcycle-like body on top of propellers that it unveiled last year, estimates it will be valued at $600 million in the transaction. The deal comes at a time when other mobility startups have faced difficulty raising funding, with valuations under pressure and a sharp reversal of what had been a market boom for listings through special-purpose acquisition companies (SPAC). SPACs, like Pono, raise money in public offerings and then aim to merge with a private company to take it public, offering a shorter listing timeframe to the acquired company.
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