🧟 Zombie SPAC Index
Not dead. Not alive. These SPACs are technically still trading, but the vital signs tell a different story. Think of it as a hospital monitor — mostly flatlines.
Zombies Tracked
8
Going Concerns
3
Auditor warned
Avg Decline
-85%
Status
Critical
Most in ICU
Faraday Future
FFIEEV
Price vs IPO
-99.99%
Reverse Splits
3
Cash Runway
2mo
Going Concern
YES
Production warning, bankruptcy warning May 2024
Mullen Automotive
MULNEV
Price vs IPO
-99.99%
Reverse Splits
3
Cash Runway
3mo
Going Concern
YES
Hindenburg target. $2.1B in losses.
Virgin Galactic
SPCESpace
Price vs IPO
-98.5%
Reverse Splits
1
Cash Runway
6mo
Going Concern
YES
Chamath flagship. 1:20 reverse split.
Polestar
PSNYEV
Price vs IPO
-98%
Reverse Splits
0
Cash Runway
12mo
Going Concern
No
Geely-backed. $0.21 per share.
VinFast
VFSEV
Price vs IPO
-96%
Reverse Splits
0
Cash Runway
18mo
Going Concern
No
Vietnamese. Minuscule float drove $230B spike.
Clover Health
CLOVHealthcare
Price vs IPO
-74%
Reverse Splits
0
Cash Runway
12mo
Going Concern
No
Chamath SPAC. Hindenburg target.
Opendoor
OPENReal Estate
Price vs IPO
-63%
Reverse Splits
0
Cash Runway
18mo
Going Concern
No
Chamath SPAC. iBuyer losses.
Lucid Motors
LCIDEV
Price vs IPO
-50%
Reverse Splits
0
Cash Runway
24mo
Going Concern
No
Saudi-backed. $10B in losses. Actually makes cars.