Lilium – Flying Electric Taxis – Another Crazy SPAC?

The flying taxis are coming!

Lilium is a German company who are developing electric air taxis – they are currently in talks to go public via a SPAC.

It seems like they are running out of great companies to SPAC and seems like people are focused on select around buzz words – like mobility and electric vehicles.

Another German company with very similar aims, Volocopter, opted to raise new capital on the private market, bringing in €200 million (about $238 million) for a Series D.


Why is In-and-Out a Private Company and Not a Public Company?

In-and-Out remains a private company because it is hard to run a public company and there are limited upsides.

Lynsi Snyder is the current owner and she is a billionaire without the stress of being public. Public companies require a lot more regulation.