Warehouse
Berkshire Grey went public on the Nasdaq stock market by merging with a SPAC (a listed shell company).
A dated step forward on the record
What the source says
“Berkshire Grey went public in July of 2021 when it was acquired by a special purpose acquisition company, or SPAC.”
What it means
Berkshire Grey robotic picking and sorting, from Berkshire Grey, is at stage 4 of 5 on our ladder: paying customers. Its stage is set by other milestones on its record; this one adds to the history.
Human help: Our sources report it working without human help.
More on Berkshire Grey robotic picking and sorting
- Berkshire Grey opened a customer centre in Haarlem, near Amsterdam, to grow in Europe.
- FedEx began a pilot of Scoop, Berkshire Grey's robot that unloads parcels from trailers, with the first systems due to run later in 2026.
- SoftBank, which already owned 29% of the company, agreed to pay $375 million for the rest, taking it private.
- Berkshire Grey's shares fell from $10 at listing to just over $1.
- FedEx and Berkshire Grey expanded their deal. FedEx Ground was to use its robots to sort small parcels, and FedEx got the right to buy shares if it ordered at least $200 million of its products and services.