Rotorcraft
Vertical Aerospace Makes $300M Wall Street Takeoff
Shares in eVTOL aircraft developer Vertical Aerospace began trading on the New York Stock Exchange and are expected to raise $300 million.
Vertical Aerospace's VX4 eVTOL aircraft will carry four passengers around 100 miles at speeds of 200 mph. (Image: Vertical Aerospace)
Vertical Aerospace's VX4 eVTOL aircraft will carry four passengers around 100 miles at speeds of 200 mph. (Image: Vertical Aerospace)

Shares in eVTOL aircraft developer Vertical Aerospace began trading today on the New York Stock Exchange after shareholders in special-purpose acquisition company (SPAC) Broadstone Acquisition Corp. yesterday approved a merger with the UK-based startup eVTOL manufacturer. Around $300 million is expected to be raised from the flotation and the issuance of convertible senior secured notes.