
Solid-state battery company QuantumScape (QS) was among the many companies in the green energy ecosystem that went public in 2020. Like almost all other high-flying startup companies of that era, QS now trades well below the special purpose acquisition company (SPAC) merger price of $10.
Furthermore, like all other startup green energy companies QuantumScape also went through the boom-bust cycle. At its peak, it was valued at more than Ford (F), but now its market cap is just around $3.7 billion.