$Lucid Group Inc(LCID)$ IPO debuted on July 26, as Churchill Capital Corp. IV took the luxury electric-vehicle leader public in a highly anticipated initial public offering. Is Lucid Motors stocka buy rightnow after reporting fourth-quarter earnings results? Lucid Motors Stock IPO In February, Churchill Capital IV — a special-purpose acquisition company (SPAC) — announced a deal to take Lucid Motors public, valuing the company at $24 billion. The company is going public "to accelerate into the next phase of our growth," Lucid Motors CEO Peter Rawlinson said. A SPAC, also known as a blank-check company, is an alternative to a traditional initial public offering. These blank-check companies have no assets beyond cash. They trade on