Vertical Aerospace Ltd NYSE: EVTL
Vertical Aerospace (NYSE: EVTL) announced on June 5, 2026, the official completion of its two--way piloted transition flight test campaign, marking the conclusion of its prototype phase under UK Civil Aviation Authority oversight. Following this milestone, the company is transitioning to the Critical Design Review (CDR) phase to finalize the certifiable design baseline for its "Valo" aircraft. Financially, the company reported a Q1 2026 ending cash balance of $96 million, with projected net cash outflows of $180 million to $200 million over the next 12 months to fund the assembly of its first pre--production aircraft.