Vertical CEO Spells Out Fundraising Plans Following Mudrick Deal

Vertical Aerospace expects to type certify its four-passenger VX4 air taxi in 2028.

Credit: Vertical Aerospace
For the better part of two years now, Vertical Aerospace has grappled with a chronic funding shortfall that plummeted its stock price as investors fretted over the company’s narrow cash runway. Vertical’s near-term funding concerns were resolved on Nov. 25, when existing shareholder and self...
Ben Goldstein

Based in Rhode Island, Ben covers advanced air mobility and is a contributor to Aviation Week’s Business Aviation & AAM Report.

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