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The SPAC bubble in charts
Data last updated: March 24, 2026
SPACs Tracked
1320
Peak Year
2021
613 IPOs
Total Raised
$362.7B
Avg Return
-55.0%
Status Breakdown
Bankrupt
59
Filed Chapter 11/7
Zombie
316
Alive but barely
Survivor
299
Still operating
Delisted
642
Removed from exchange
Top 5 Biggest Losses by Peak Market Cap
VinFast(VFS)EV/Automotive
Peak: $230.0B-96%
Lucid Motors(LCID)EV/Automotive
Peak: $91.0B-50%
Grab Holdings(GRAB)Technology
Peak: $52.0B-52%
QuantumScape(QS)EV/Automotive
Peak: $50.0B-97%
Nikola(NKLA)EV/Automotive
Peak: $28.0B-100%
Recent Bankruptcies
Near Intelligence(NIR)
TechnologyFast Radius(FSRD)
IndustrialsQuanergy Systems(QNGY)
TechnologyGetaround(GETR)
EV/AutomotiveWeWork(WE)
Real Estate