Group 1 - Vertical Aerospace (EVTL.US) has received an "Outperform" rating from Cantor Fitzgerald, highlighting three core advantages: over 1,500 pre-orders, diversified revenue structure, and a strong emphasis on safety [1] - The VX4 model has surpassed 1,500 pre-orders, translating to a potential revenue of approximately $6 billion, with orders from global clients such as Avolon, American Airlines (AAL.US), Bristow (VTOL.US), Marubeni (MARUY.US), and Gol, enhancing competitive differentiation [1] - Vertical's revenue sources are supported by three pillars: direct sales to commercial operators, development of hybrid models for defense, and sales of proprietary battery technology and alternative products, which helps mitigate operational uncertainties from reliance on a single market [1] Group 2 - In terms of technological progress, Vertical completed the first manned eVTOL flight test in open airspace in Europe in the first half of this year, with plans to initiate manned transition flights by the end of 2025 and aim for type certification by 2028 [2] - There is a divergence in market sentiment towards Vertical, with Wall Street analysts generally giving a "Buy" rating, while Seeking Alpha analysts hold a "Sell" viewpoint, reflecting cautious expectations regarding the commercialization prospects of the emerging eVTOL industry [2]