Vertical Aerospace rises as it completes phase 1 testing of its air taxi

Vertical Aerospace

12/09/2024 11:45

** US-listed shares of air taxi maker Vertical Aerospace
 M00.F  up 4% at 76 cents
    ** Co completed phase 1 of piloted testing of prototype of
VX4 air taxi
    ** VX4 has 1,500 orders worth $6 bln from companies
including Virgin Atlantic, American Airlines and Japan Airlines
    ** Two of four brokerages rate the stock "buy" or higher,
one "hold" and one "sell" or lower; their median PT is $1.50 -
LSEG data
    ** Up to Wednesday's close, stock up 7.5% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com;))