Vertical Aerospace up as it completes phase 1 testing of air taxi prototype

Vertical Aerospace

12/09/2024 15:31

(Updates)
    ** US-listed shares of air taxi maker Vertical Aerospace
 M00.F  rise 7% to 79 cents
    ** Co completes phase 1 of the VX4 air taxi prototype's
piloted testing
    ** 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"; 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;))