Does Vertical Aerospace’s (EVTL) Insider Buying Reveal Growing Conviction in Its Aircraft Development Path?

• In November 2025, Vertical Aerospace reported that insiders including 16 board and senior leadership members, along with majority shareholder Mudrick Capital Management, increased their shareholdings, while the company highlighted progress toward completing its Phase 4 transition flight test and the recent unveiling of a new full-size aircraft on December 10, 2025.
• This combination of insider buying and visible program milestones may signal increasing internal conviction about Vertical Aerospace’s aircraft development trajectory and execution plans.
• Next, we’ll examine how insider share purchases and the new full-size aircraft unveiling could influence Vertical Aerospace’s broader investment narrative.

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What Is Vertical Aerospace's Investment Narrative?

To own Vertical Aerospace today, you have to believe the VX4 can move from an ambitious prototype to a certified, commercially viable aircraft before the cash runway runs out. The core short term catalysts are still flight test progress, regulatory milestones with the UK CAA and EASA, and fresh funding to bridge the gap to production, given the company has no revenue and has been consistently loss making with negative equity. The Phase 4 transition test and December 10 full-size aircraft unveiling sit right at the heart of that story. The recent wave of insider buying and Mudrick’s top up do not fix the balance sheet, but they could ease some near term concern around insider confidence just as the share price has rebounded sharply from deeply depressed levels.

However, the going concern warning and limited cash runway remain critical issues investors should be aware of. The valuation report we've compiled suggests that Vertical Aerospace's current price could be inflated.

Exploring Other Perspectives

Six Simply Wall St Community members currently see Vertical’s fair value between US$7.88 and US$60, reflecting very different expectations. Set against that, the company’s lack of revenue and ongoing losses keep funding risk firmly in focus, which could be just as important for future returns as any upside scenario.

Explore 6 other fair value estimates on Vertical Aerospace - why the stock might be worth just $7.88!

Build Your Own Vertical Aerospace Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Vertical Aerospace research is our analysis highlighting 8 important warning signs that could impact your investment decision.
• Our free Vertical Aerospace research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Vertical Aerospace's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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