look, we had the privilege of partnering with the symbotic team.e were thinking about our spac program, the primary purpose of a spac program is to create ownership in low cost technology and we've seen a lot of targets come by our desk. frankly what separate separated out symbotic was four things. one is the technology itself. as michael described, the system -wide technology, software, hardware, ai-infused self-learning systems that enable symbotic to operate so much more efficiently than the status quo is an increase of economic value that is incredible. the second piece is the tam itself. the market for this technology is massive. it is in the warehouses but the warehouses are pervasive and how humans across the globe consume their goods. that's how goods are flow. the third thing was rick and his team, as i said before rick saccone exceptional and working on this problem for years and years and years and has a solution that we believe can scale incredibly and the fourth thing i do want to emphasize is the fact that symbotic is a scaled company

symbotic begins trading today after been camp -- been competing in merger.es at walmart e supply chain congestion at the lower labor cost of robotics and ai software. earlier this week i spoke to stuart walton on automation and supply chain challenges. >> robots will take away some of the jobs humans generally don't like to do and you have to pay people to do. i think that's a trend that will continue. i think the pandemic in many ways accelerated it. in terms of the right time to invest, whose today today is the perfect time to invest. alix: let's get more insight with michael. he joins us now from the nasdaq. always a good day to finally get to go public. what was it like. europe at 80% after the stock began trading. tell me how you feel. how was today like? >> incredibly excited for the team. it's been a long journey to get here. this company was founded 15 years ago by rick cohen who is not just an industry veteran but industry legend. the amazing team has persevered to get us where we are today. this product and solution has been vetted and validated fo