Given the evolving circumstances at Vertical Aerospace, and notably the apparent inability of management to secure a major strategic investor / partner, along with anticipated future shareholder dilution, I am revising my 2030 fair value target.
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) in the United Kingdom. It is involved in developing its flagship VX4, an eVTOL aircraft; and designing, manufacturing and commercializing for deployment in the advanced air mobility market. Vertical Aerospace Ltd. was founded in 2016 and is headquartered in Bristol, the United Kingdom.