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Surf Air Mobility Using Palantir-Backed Software To Pave Way For Electric Aviation - Surf Air Mobility (NYSE:SRFM)
Benzinga· 2025-11-20 09:42
Surf Air Mobility Inc. (NYSE:SRFM) is positioning itself as the digital architect of the next era of flight, utilizing a strategic partnership with data analytics giant Palantir Technologies Inc. (NASDAQ:PLTR) to build the operating system for a future defined by electric aviation.Check out SRFM's stock price here.Building ‘Vertical AI’ For The SkiesWhile Surf Air is known for its regional flight network, Co-founder Sudhin Shahani revealed in a recent interview on Benzinga's Marketopolis podcast that the co ...
Flying taxi maker Archer Aviation's stock pops on Anduril drone deal
Yahoo Finance· 2025-11-18 15:35
Shares of Archer Aviation (ACHR), the electric vertical takeoff and landing (eVTOL) maker, jumped on Tuesday after the company inked a deal with defense AI firm Anduril (ANIN.PVT) to power its drones. Archer Aviation stock climbed 2% in early trade on Tuesday. Archer announced from the Dubai Air Show that it would supply Anduril — and its UAE-based partner EDGE Group — with Archer's "dual-use electric powertrain technology." The deal would accelerate the development and scaled production of Anduril's Ome ...
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].
Electric aircraft maker Beta Technologies files for US IPO
Yahoo Finance· 2025-09-29 12:58
Company Overview - Beta Technologies is an electric aircraft manufacturer that designs, manufactures, and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems, and components [2] - The company's ALIA CTOL electric aircraft has completed thousands of flights, covering nearly 83,000 nautical miles, and has been utilized by the U.S. military and the Federal Aviation Administration (FAA) [3] Industry Context - Electric aviation is a niche segment within the transportation industry, with only a few companies actively developing and testing commercial aircraft [2] - The broader electric vehicle and technology industries have attracted significant investment, although growth has been uneven across different segments and regions [4] Financial Aspects - Beta Technologies claims that its aircraft operating costs are 42% lower than those of conventional planes due to a simplified design [2] - The company has filed for an initial public offering (IPO) in the United States, aiming to trade on the New York Stock Exchange under the symbol "BETA" [1][4] - Morgan Stanley and Goldman Sachs are the lead underwriters for the offering [4]
Vertical Aerospace Welcomes UK CAA's eVTOL Delivery Model, Paving Way for UK Electric Aircraft Operations by 2028
Businesswire· 2025-09-25 16:30
Core Insights - Vertical Aerospace has welcomed the UK Civil Aviation Authority's publication of its eVTOL Delivery Model, which outlines a regulatory framework for the commercial operation of electric vertical take-off and landing aircraft in the UK starting from 2028 [1] Industry Summary - The eVTOL Delivery Model provides a clear pathway and timeline for the UK industry to transition to commercial eVTOL operations, indicating a significant step towards the future of electric aviation [1]
Vertical Aerospace Announces Manufacturing Facilities and Updates on Path to Certification During Capital Markets Day
Businesswire· 2025-09-17 11:00
Group 1 - Vertical Aerospace is hosting its Capital Markets Day in New York City, starting at 2:00 p.m. ET [1] - The event will provide updates on the Company's Flightpath 2030 business strategy, certification and manufacturing progress, and financial outlook [1] - A live webcast of the event is available for interested parties [1] Group 2 - Vertical Aerospace is recognized as a global aerospace and technology company pioneering electric aviation [1] - The company has secured initial production facilities as part of its operational strategy [1]