🪦 The Graveyard
24 SPACs. $94.8B in peak market cap. All gone.
💡 Did You Know?
The 24 bankrupt SPACs in our database had a combined peak market cap of over $94 billion — more than the GDP of 130 countries.
🪦
Nikola
NKLA
2020 → 2025
$28.0B
Peak Market Cap
EV/Trucks
Founder sentenced to 4 years, $125M SEC settlement, peak $28B valuation
56 months public
🪦
WeWork
WE
2021 → 2023
$9.4B
Peak Market Cap
Real Estate
Largest SPAC bankruptcy
28 months public
🪦
Fisker
FSR
2020 → 2024
$8.4B
Peak Market Cap
EV
CEO previously bankrupted Fisker Automotive in 2013
44 months public
🪦
Hyliion
HYLN
2020 → 2023
$8.0B
Peak Market Cap
EV/Trucks
33 months public
🪦
23andMe
ME
2021 → 2025
$6.0B
Peak Market Cap
Biotech/Genomics
Richard Branson SPAC, 15M customer DNA data at risk
45 months public
🪦
Embark Technology
EMBK
2021 → 2023
$5.2B
Peak Market Cap
Autonomous
18 months public
🪦
Lordstown Motors
RIDE
2020 → 2023
$5.0B
Peak Market Cap
EV
Overstated truck demand, Hindenburg target
33 months public
🪦
Proterra
PTRA
2021 → 2023
$3.7B
Peak Market Cap
EV/Bus
25 months public
🪦
Virgin Orbit
VORB
2021 → 2023
$3.7B
Peak Market Cap
Space
Richard Branson backed
16 months public
🪦
Bird Global
BRDS
2021 → 2023
$2.5B
Peak Market Cap
Mobility
$3.3M cash at filing
24 months public
🪦
Lion Electric
LEV
2020 → 2024
$2.0B
Peak Market Cap
EV/Truck
49 months public
🪦
Canoo
GOEV
2020 → 2025
$2.0B
Peak Market Cap
EV
Zero revenue at death
50 months public
🪦
Eos Energy
EOSE
2020 → 2023
$1.7B
Peak Market Cap
Energy Storage
34 months public
🪦
Volta
VLTA
2021 → 2024
$1.7B
Peak Market Cap
EV Charging
30 months public
🪦
Electric Last Mile Solutions
ELMS
2021 → 2022
$1.4B
Peak Market Cap
EV
Record fastest SPAC-to-bankruptcy
12 months public
🪦
Enjoy Technology
ENJY
2021 → 2022
$1.2B
Peak Market Cap
Tech/Retail
11 months public
🪦
IronNet Cybersecurity
IRNT
2021 → 2023
$1.2B
Peak Market Cap
Cybersecurity
24 months public
🪦
AppHarvest
APPH
2021 → 2023
$1.0B
Peak Market Cap
AgTech
Martha Stewart board member
24 months public
🪦
Fast Radius
FSRD
2022 → 2022
$900M
Peak Market Cap
Manufacturing
10 months public
🪦
Enovis (fka Colfax)
ENOV
2021 → 2022
$500M
Peak Market Cap
Industrial
14 months public
🪦
Landsea Homes
LSEA
2021 → 2023
$400M
Peak Market Cap
Real Estate
22 months public
🪦
Quanergy Systems
QNGY
2022 → 2023
$400M
Peak Market Cap
Tech/LiDAR
9 months public
🪦
Greenland Acquisition
GNLN
2019 → 2023
$300M
Peak Market Cap
Cannabis
42 months public
🪦
Near Intelligence
NIR
2023 → 2023
$200M
Peak Market Cap
Software
Less than 9 months public
9 months public