Vertical Aerospace unveiled Valo, a redesigned four-to-six-seat eVTOL with a 100-mile range and 150-mph cruise speed, targeting UK/EU type certification in 2028.
Archer Aviation won a competitive bid to acquire roughly 300 patents from insolvent eVTOL developer Lilium, pushing its total patent portfolio past 1,000 assets.
Beta Technologies priced its IPO at $34 per share, raising roughly $1 billion and beginning trading on the NYSE under ticker BETA -- one of the largest public listings yet for an electric aviation company.
Archer closed Phase 3 of the FAA's 4-phase Type Certification process for its Midnight aircraft — a first among eVTOL developers — and is now advancing Phase 4 compliance testing, with US operations targeted for 2026.
