Morgan Stanley has significantly reduced its forecast for the urban air mobility (UAM) market by 2040 and now expects regulatory hurdles to result in a substantially slower ramp-up in commercial services than anticipated.
German regional air mobility startup Lilium is to go public in a deal expected to provide up to $830 million in funds to complete certification, begin production and launch commercial operation of its piloted seven-seat Lilium Jet air taxi in 2024.
Xeriant, a three-year-old aerospace holding company that includes the Halo concept for an electric-vertical-takeoff-and-landing (eVTOL) taxi, is preparing to offer more public shares to raise funds for acquisitions and other endeavors.
