Electric Aircraft Startup Lilium Ceases Operations, 1,000 Workers Laid Off

Lilium, once a darling in the nascent industry of electric aircraft that raised more than $1 billion before going public, has ceased operations and laid off about 1,000 workers after efforts to gain financing and exit insolvency failed. From a report: Lilium co-founder and CEO Patrick Nathen confirmed on LinkedIn that the 10-year-old company had stopped operating. "After 10 years and 10 months, it is a sad fact that Lilium has ceased operations. The company that Daniel, Sebastian, Matthias and I