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Vertical Aerospace Strengthens Leadership Team with Powertrain, Data and People Appointments
Businesswire· 2026-01-08 11:00
Core Insights - Vertical Aerospace has announced key leadership appointments to strengthen its team as it progresses towards growth, certification, and commercial readiness [1][2] Leadership Appointments - Ollie Roberts has been appointed as Chief People Officer (CPO), responsible for talent attraction, culture development, and organizational design to build a high-performing organization [7][8] - Juan Carlos Sacristan has been appointed as Chief Data & Information Officer (CDIO), tasked with leading the company's data, digital, and AI strategy to enhance operational efficiency [3][4] - Richard Moore has been appointed as Vice President of Powertrain, overseeing the engineering of energy storage, battery management systems, and electric propulsion units [5][6] Company Overview - Vertical Aerospace is focused on pioneering electric aviation, developing the Valo eVTOL aircraft, which aims for zero operating emissions [10][12] - The company has approximately 1,500 pre-orders for the Valo aircraft from customers across four continents, including major airlines [12]
Electric aircraft maker Beta Technologies posts strong revenue growth in first report since going public
CNBC· 2025-12-04 16:02
Company Overview - Beta Technologies, an electric aircraft manufacturer, recently went public and reported its first quarterly results, showcasing a revenue of $8.9 million, which is more than double the $3.1 million from the same period last year [2] - The company is focused on creating a complete electric aviation ecosystem, emphasizing its unique approach and vertical integration [2] Financial Performance - The net loss for Beta Technologies widened to $452 million, translating to a loss of $9.83 per share, compared to a loss of $82.1 million or $1.81 per share in the previous year [3] - The increase in net loss was attributed to the issuance of convertible preferred stock [3] - Beta forecasts full-year revenue to be between $29 million and $33 million, with adjusted EBITDA expected to range from a loss of $295 million to a loss of $325 million [3] Industry Position - Beta Technologies is positioning itself in the competitive electric vertical take-off and landing (eVTOL) market, alongside rivals such as Joby Aviation and Archer Aviation [4] - The company is working towards gaining approval from the Federal Aviation Administration (FAA), which has initiated the eVTOL Integration Pilot Program (eIPP) [4]
Electric Plane Maker Dubbed ‘Young Tesla’ Wins Over Analysts
Yahoo Finance· 2025-12-01 20:41
Beta Technologies Inc. signage during the company's initial public offering on the floor at the New York Stock Exchange in New York on Nov. 4. Wall Street is bullish on Beta Technologies Inc., calling the electric-powered plane maker an early leader in the regional aircraft industry. Most Read from Bloomberg Most of the eight analysts who have initiated coverage on the South Burlington, Vermont-based company as of Dec. 1 have a buy-equivalent rating on shares, according to data compiled by Bloomberg. Th ...
Surf Air Mobility Using Palantir-Backed Software To Pave Way For Electric Aviation - Surf Air Mobility (NYSE:SRFM)
Benzinga· 2025-11-20 09:42
Core Insights - Surf Air Mobility Inc. is collaborating with Palantir Technologies to develop a software platform named "SurfOS" aimed at supporting the adoption of hybrid-electric aircraft in the aviation industry [2][4][5]. Group 1: Strategic Partnership and Software Development - The partnership with Palantir is central to Surf Air's mission to create the necessary infrastructure for hybrid-electric aviation [2]. - "SurfOS" is built using Palantir's Foundry and Artificial Intelligence Platform, focusing on optimizing flight schedules and aircraft utilization [2][4]. - The software aims to connect brokers, operators, and owners in the fragmented "Part 135" regional market, which is currently underserved [3]. Group 2: Hardware and Electrification Initiatives - Surf Air is also pursuing hardware advancements, working with OEM Textron to develop electrified powertrains for the Cessna Caravan, which is a key aircraft in their fleet [4]. - The software and hardware strategies are interconnected, with "SurfOS" designed to help manage the complexities of an electrified fleet [5]. Group 3: Market Position and Performance - Despite the S&P 500's year-to-date increase of 13.18%, Surf Air has underperformed with a negative return of 58.81%, although it saw an 8.29% increase over the year [9]. - The stock maintains a negative price trend across short, medium, and long-term periods [9].
Flying taxi maker Archer Aviation's stock pops on Anduril drone deal
Yahoo Finance· 2025-11-18 15:35
Core Insights - Archer Aviation's stock rose by 2% following a partnership with Anduril to supply electric powertrain technology for drones [1][2] Group 1: Partnership and Technology - Archer Aviation announced a deal with Anduril and EDGE Group to provide its dual-use electric powertrain technology, which will enhance the development of Anduril's Omen Autonomous Air Vehicle system [2][3] - The UAE government plans to purchase 50 Omen drones as part of this agreement, marking Archer's first licensing deal for its powertrain technology [3][4] - Archer aims to pursue additional third-party licensing agreements to create new revenue streams [3] Group 2: Product Development and Market Position - Archer's primary product, the Midnight electric flying taxi, is designed to carry four passengers and conduct multiple short-haul flights with minimal charging time [4] - The company believes that the Midnight can significantly reduce travel time, replacing 60-to-90-minute car commutes with 10-to-20-minute electric air taxi flights, which could be more cost-effective [4] - Recent developments include a successful test flight of the Midnight in the UAE, with plans for commercial operations in Abu Dhabi [5]
X @TechCrunch
TechCrunch· 2025-11-04 22:26
Company Highlights - Beta Technologies debuted on the New York Stock Exchange [1]
Beta Technologies CEO: Here's how our aircrafts differentiate from competitors
CNBC Television· 2025-11-04 18:01
are awaiting the first trade of Beta Technology. It's an aircraft maker pricing uh its stock at 34 bucks a share that was just above the indicated range raising over a billion dollars. Joining us right here at Coast 9 in a first on CNBC interview is the company's founder and CEO Kyle Clark and Morgan Brennan here as well.Morgan, >> hey David and Kyle, it's good good to have you here. Welcome. >> Great to be here.>> So, you had an upsized IPO offering. You've priced above the range. Uh why take Beta Technolo ...
ADDING MULTIMEDIA Vertical Aerospace Provides Third Quarter Update, Demonstrating Momentum on Transition Flight Testing, Business Plan Updates and Best-in-Class Aircraft
Businesswire· 2025-11-04 14:35
Core Insights - Vertical Aerospace is a global aerospace and technology company focused on pioneering electric aviation [1] - The company will provide its Business & Strategy Update for the third quarter of 2025 [1] - The Q3 2025 financial results will be accessible on the company's investor relations website [1] - The VX4 Vertical aircraft will begin its transition flight testing phase soon [1]
Electric aircraft maker Beta Technologies raises over $1 billion in US IPO
Yahoo Finance· 2025-11-04 00:30
Core Insights - Beta Technologies has successfully raised $1.01 billion in its U.S. initial public offering (IPO), pricing its shares at $34, which is above the indicated range of $27 to $33, leading to a potential valuation of $7.44 billion [1][2] Company Overview - Beta Technologies is involved in the design, manufacture, and sale of high-performance electric aircraft, advanced electric propulsion systems, and charging systems [2][3] - The company's aircraft have been utilized by the U.S. military for training missions and have been flown by the Federal Aviation Administration [3] Market Context - The U.S. IPO market has shown resilience with several high-profile listings recently, despite previous slowdowns due to macroeconomic factors and trade policy changes [2] - Electric aviation is still a niche segment within the transportation industry, with only a few companies actively developing and testing commercial aircraft [3] IPO Details - Beta Technologies is set to debut on the New York Stock Exchange under the ticker symbol "BETA" [3] - Major underwriters for the offering include Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies, and Citigroup [3]
Vertical Aerospace to Report Q3 Business Update on 4 November 2025
Businesswire· 2025-10-01 10:00
Core Viewpoint - Vertical Aerospace is set to report its Q3 business update on November 4, 2025, and will host a webcast to discuss the update [1][2]. Financial Information - As of September 30, 2025, Vertical Aerospace had cash and cash equivalents totaling approximately £92 million ($123 million) [3]. Company Overview - Vertical Aerospace is a global aerospace and technology company focused on pioneering electric aviation, aiming to create safer, cleaner, and quieter travel options [4]. - The company's flagship product, the VX4, is a piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft with zero operating emissions [4]. - Vertical is also developing a hybrid-electric variant to enhance range and mission flexibility for the advanced air mobility market [4]. Partnerships and Orders - Vertical Aerospace has approximately 1,500 pre-orders for the VX4 from customers across four continents, including major airlines such as American Airlines and Japan Airlines [6]. - The company collaborates with leading aerospace firms like GKN, Honeywell, and Aciturri, leveraging proprietary battery and propeller technology [5]. Regulatory Developments - The UK Civil Aviation Authority (CAA) has published an eVTOL Delivery Model, providing a regulatory framework for commercial eVTOL operations in the UK by 2028, which Vertical Aerospace welcomes [12].