Desktop Metal
- 🦄Became a unicorn2020
- 📈Peak valuation$7.5 Billion ’21
- 💔Became a Unitard2022
- 💸Last valuationWiped out
How it happened
Desktop Metal aimed to bring metal 3D printing to the mainstream, going public via a 2020 SPAC merger at a $2.5B valuation — its market value briefly soaring near $7.5B. Demand never scaled; it burned cash buying rivals like ExOne and EnvisionTEC, a proposed Stratasys merger collapsed, and the stock cratered. Glassdoor reviews trace the unraveling: employees described an acquisition spree with no integration plan that gutted once-profitable startups, counted repeated layoff rounds — one tallied four waves in a year — and watched 401(k) matches vanish as leadership chased profitability. Nano Dimension bought Desktop Metal for about $179M in April 2025, only for it to file Chapter 11 117 days later — core assets sold for around $7M.
Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.
Source: SEC / elevenflo / TechTime ($2.5B SPAC valuation via Trine Acquisition Corp Dec 2020, briefly ~$7.5B; Nano Dimension acquisition $179.3M closed April 2 2025; Chapter 11 ~117 days later, core assets sold for ~$7M)
