Lilium’s Rise and Fall

[cryptoenthusiast]

Founded in 2015, Lilium once raised $1B+ and went public in 2021 via SPAC.

Big backers: Tencent and others.

Big customers: even Saudi Arabia ordered 100 jets.

But… Lilium burned through cash long before delivering a product. Failed restructuring and investor rescue attempts sealed its collapse.

Now, the dream of Lilium’s eVTOL jets lives on through Archer — showing how even bankrupt startups can leave behind tech gold.

[kelson10]

Lilium had the vision but struggled with execution. The eVTOL space demands both innovation and operational discipline.

[alex10]

Their story shows how timing and scalability challenges can break even the most promising aviation startups.