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Lilium

eVTOLGermany
💀 Dead / Bankrupt
Peak $3.3 BillionToday
~-98%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $3.3 Billion ’21
  3. 💔
    Became a Unitard
    ~Oct 2024
  4. 💸
    Last valuation
    ~$0
Current status
Insolvency 2024-25

How it happened

Lilium was a German developer of an all-electric vertical takeoff and landing (eVTOL) jet, reaching a valuation of roughly $3.3B when it went public via a SPAC merger with Qell in 2021. The company burned cash developing its aircraft while struggling to raise further funding. Its operating subsidiaries filed for insolvency in 2024, and after a brief rescue attempt collapsed, it wound down in 2024-25, wiping out nearly all of its value.

Source: Tech.eu; SPAC via Qell