Introducing SPACGraveyard: Where $363 Billion Went to Die

Between 2020 and 2021, over 800 Special Purpose Acquisition Companies raised more than $250 billion from investors — promising a new era of democratized access to pre-IPO companies. Most of those promises were broken. SPACGraveyard.com is our forensic investigation of what happened to that money.

What We Built

SPACGraveyard isn't a stock tracker or a trading tool. It's an investigative data platform — built to document the biggest wealth transfer from retail investors to Wall Street insiders in modern financial history.

Every SPAC that went public via SEC EDGAR. Every bankruptcy filing. Every celebrity-backed disaster. Every reverse stock split used to avoid delisting. We pulled it all together from SEC filings, EDGAR data, Yahoo Finance, and academic research.

Why This Story Matters

The SPAC bubble wasn't just a market event — it was a transfer of wealth from retail investors to Wall Street insiders, enabled by regulatory gaps and celebrity hype. Sponsors risked $25,000 and received 20% of companies worth hundreds of millions. Banks collected their 5.5% fees regardless of whether investors made or lost money. Celebrities lent their names and walked away before the crash.

The average post-merger SPAC trades at $3.85 — a 62% loss from the $10 IPO price. 85% of SPACs trade below their IPO price. The only consistent winners were the sponsors and the banks.

Interactive Tools

SPACGraveyard includes tools you won't find anywhere else:

• SPAC Screener — Filter all 1,344 SPACs by sector, status, year, and returns
• Portfolio Loss Calculator — See exactly how much your SPAC investments cost you vs. just buying the S&P 500
• Sponsor Report Card — Letter grades for every major SPAC sponsor based on investor returns
• Live Loss Counter — A national debt clock, but for SPAC investor losses
• Destruction Index — Ranking SPACs by total value destroyed

The Data

Every dataset powering SPACGraveyard is available for free download as JSON. We believe in open data — use it for research, journalism, or your own projects. All sourced from SEC EDGAR filings, public financial data, and academic research.

SPACGraveyard.com joins TheDataProject's portfolio alongside OpenMedicare, OpenCrime, WarCosts, GiveScope, and 10 other public data platforms. Our mission: make public data accessible, useful, and impossible to ignore.