Vertical completes airport-to-airport flight, shares rise

Vertical Aerospace

17/07/2025 13:00

** U.S.-listed shares of UK-based air-taxi maker Vertical Aerospace M000.F rise 7.2% to $6.12 premarket

** Co says it completes first airport-to-airport flight by an electric vertical takeoff and landing (eVTOL)

** Says piloted VX4 prototype flew 17 miles from co's Flight Test Centre at Cotswold Airport to RAF Fairford, reaching speeds of 115mph and an altitude of 1800ft

** Separately, Needham initiates coverage with "buy" rating and PT at $9, a 58% upside to stock's last close

** Brokerage says EVTL's VX4 aircraft is closing performance gap with recent piloted flight achievements while operating from a more capital efficient posture and offering a discrete and achievable runway to profitability with co's FlightPath 2030 framework

** Median PT of 7 brokerages covering EVTL is $10 - LSEG data

** As of last close, stock down 54.8% YTD

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))