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![11thestate Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1516754551554154502.png) 11th.com [@11thestate](/creator/twitter/11thestate) on x 1032 followers
Created: 2025-06-25 20:02:46 UTC

In 2021, Ginkgo Bioworks $DNA hit the public market with a $23B valuation, a blockbuster SPAC merger, and backing from names like Bill Gates, Baillie Gifford, Ark, and Morgan Stanley.

Retail investors poured in.

What followed? A collapse.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1937964706943123689/c:line.svg)

**Related Topics**
[dna](/topic/dna)
[ark](/topic/ark)
[bill gates](/topic/bill-gates)
[corporate finance](/topic/corporate-finance)
[spac](/topic/spac)
[$23b](/topic/$23b)
[dna ginkgo bioworks holdings](/topic/dna-ginkgo-bioworks-holdings)
[$dna](/topic/$dna)

[Post Link](https://x.com/11thestate/status/1937964706943123689)