EVTL Stock Forecast & Price Target

Vertical Aerospace is set to go public through a SPAC merger with Broadstone Acquisition Corp. (BSN) in the second half of 2021 and has recently announced a new financing package of up to $850 million. This funding will provide the company with the necessary resources to fund key milestones in its certification and manufacturing process for the Valo eVTOL aircraft. Additionally, the company has successfully achieved a two-way piloted transition flight, which demonstrates its capabilities and moves it closer to commercialization and service entry in 2028. The comprehensive financing package provides a strong runway for the company and reduces near-term financing overhang, making it an attractive investment opportunity.

Vertical Aerospace is well-positioned to progress the certification of their eVTOL aircraft with an $850 million financing arrangement and a CDR targeted for late summer. With approximately 90% of the aircraft's parts already in place, the company is on track for CDR completion and potential conversion of MOUs into firm orders. Alongside a transferable certification approach, Vertical's ~1,500 aircraft backlog has the potential to generate significant pre-delivery payments prior to aircraft certification in 2028.