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Vertical Aerospace today provided a business and financial update for the first six months of 2026.
In July 2026 the company announced financing commitments of approximately USD100 million from existing and new investors to support continued progress towards certification and commercialisation which meant the company “had approximately USD134 million in cash and cash e...
Heart Aerospace today announced the successful first flight of the company’s X1 demonstrator aircraft.
“Spanning 106 feet, measuring 76 feet nose to tail, and weighing more than 25,000 pounds at takeoff, X1 is the largest battery-electric aircraft ever flown,” said the company in a press release. “The flight took place on Wednesday, August 12th, 2026, at Heart’s X1 fli...
BETA Technologies today announced its financial and operating results for the second quarter ended June 30, 2026.
Revenues for the quarter ended June 30, 2026 were USD14.7 million, compared to USD6.0 million for the quarter ended June 30, 2025. Product revenues and service revenues were USD3.3 million and USD11.4 million, respectively. Operating expenses for the quarte...
Indonesia’s Whitesky Aviation on 12 August 2026 in Jakarta signed an order for 60 AutoFlight eVTOLs, according to a company Linkedin post.
“The milestone went beyond fleet expansion. It connected aircraft technology, operational capability, Indonesia’s battery industry, and the development of commercially viable passenger and logistics routes,” said the post. “Under De...
Joby Aviation has announced that it has entered into a definitive agreement to acquire Resonant Sciences, a Dayton, Ohio-based defence technology company, for approximately USD500 million. “The acquisition will represent a significant expansion of Joby’s defence business, delivering immediate scale through a rapidly growing and EBITDA-positive business supporting active U.S. ...