πŸ“Š Sectors

Every sector. Every loss. Color-coded by destruction.

πŸ’‘ Did You Know?

Almost every SPAC sector has a negative average return. Even sectors like Technology and Healthcare β€” supposedly 'safe bets' β€” lost investors 68% on average.

Social Impact

-99.6%

avg return

9 companies0 bankruptcies

Survivor:

EV/Automotive

-90.8%

avg return

34 companies14 bankruptcies

Notable: Nikola, Arrival SA, Fisker

Survivor: Claritev

Agriculture

-88.9%

avg return

1 companies0 bankruptcies

Survivor:

Real Estate

-85.7%

avg return

9 companies3 bankruptcies

Notable: WeWork, View, Landsea Homes

Survivor:

Fintech

-58.3%

avg return

13 companies1 bankruptcy

Notable: Financial Strategies Acquisition

Survivor: SoFi TechnologiesAldel Financial IIPaysafe

Industrials

-50.1%

avg return

23 companies3 bankruptcies

Notable: AppHarvest, Fast Radius, Enovis

Survivor: Metal Sky Star AcquisitionSky Harbour GroupCustom Truck One Source

Clean Energy

-43.8%

avg return

63 companies3 bankruptcies

Notable: SunPower, Heliogen, Eos Energy

Survivor: OkloClimateRockAltEnergy Acquisition

Media/Entertainment

-36.3%

avg return

19 companies0 bankruptcies

Survivor: Rush Street InteractiveAccel EntertainmentReservoir Media

Healthcare

-24.8%

avg return

110 companies4 bankruptcies

Notable: 23andMe, Cano Health, Pear Therapeutics

Survivor: GeneDx HoldingsDisc MedicineHims & Hers Health

Blank Check

-1.3%

avg return

847 companies16 bankruptcies

Notable: Alta Mesa Resources, Inc., CareMax, Sonder Holdings

Survivor: Alpha Star AcquisitionSymboticPermian Resources

Emerging Markets

0.0%

avg return

8 companies0 bankruptcies

Survivor:

Technology

+14.4%

avg return

118 companies10 bankruptcies

Notable: NU Ride, Embark Technology, Cyxtera Technologies

Survivor: Vertiv Holdings CoIonQLanzaTech Global

Aerospace/Defense

+16.3%

avg return

27 companies3 bankruptcies

Notable: Lilium NV, Virgin Orbit, Virgin Orbit Holdings

Survivor: AST SpaceMobileRocket LabIntuitive Machines

Energy

+139.9%

avg return

5 companies0 bankruptcies

Survivor: Kinetik HoldingsMagnolia Oil & GasNational Energy Services Reunited

Financial Services

+215.4%

avg return

11 companies0 bankruptcies

Survivor: Dave Inc.Forge Global HoldingsBetter Home & Finance Holding Co

Consumer

+238.7%

avg return

23 companies2 bankruptcies

Notable: Enjoy Technology, Greenland Acquisition

Survivor: PMV Consumer AcquisitionBrand Engagement NetworkDraftKings

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