Setback
Berkshire Grey's shares fell from $10 at listing to just over $1.
A delay, pause or setback
What the source says
“The firm began trading at $10 on the Nasdaq exchange but has seen its share value plummet to just over $1 since then.”
What it means
Berkshire Grey robotic picking and sorting, from Berkshire Grey, is at stage 4 of 5 on our ladder: paying customers. A setback stays on the record next to the milestones; the stage moves down only when the rules say so.
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.
- 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.
- Berkshire Grey went public on the Nasdaq stock market by merging with a SPAC (a listed shell company).