← Back to the club

Fisker

EVUSA
💀 Dead / Bankrupt
Peak $7.9 BillionToday
~-99%
from peak
  1. 🦄
    Became a unicorn
    2020
  2. 📈
    Peak valuation
    $7.9 Billion ’20
  3. 💔
    Became a Unitard
    Jun 2024
  4. 💸
    Last valuation
    ~$0
Current status
Chapter 11 (June 2024)

How it happened

Fisker was a US EV maker that went public via SPAC in 2020 at a valuation near $7.9B, betting on its Ocean SUV. Production delays, quality and software problems, and a cash crunch overwhelmed the company. It filed for Chapter 11 bankruptcy in June 2024, wiping out roughly 99% of its peak value in the founder's second failed automotive venture.

Source: TechCrunch