Bitcoin

The deal accelerates consolidation in autonomous mobility, with legacy automakers (Lucid) partnering with tech players (Uber) to bypass the capital burn of in-house R&D. This mirrors the 2021 'SPAC wave' where non-crypto firms sought blockchain partnerships for valuation premiums, now shifting to physical infrastructure as the next institutional capital sinkhole.

Nuro, a delivery robot company founded by former Google self-driving car project veterans, pivoted to robotaxis in 2024 and struck a deal with Uber and Lucid to deploy tens of thousands of robotaxis across the US, securing hundreds of millions of dollars in funding.