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0.00100401606425701 -0.00100401606425701 0.00100401606425701 0.00301204819277102 0.00301204819277102 0.00301204819277102 0.00301204819277102 0.00301204819277102
Stock impact report

Microsoft and American Airlines-backed flying taxi startup to go public in new $5 billion blank-check wave [Yahoo! Finance News]

Broadstone Acquisition Corp. Class A Ordinary Shares (BSN) 
A developer of electric, flying taxis is set to go public in New York by merging with a blank-check, special-purpose acquisition company, or SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.Vertical Aerospace announced on Thursday that it would merge with Broadstone Acquisition Corp, Based in Bristol, England, Vertical Aerospace was founded in 2016 by energy entrepreneur Stephen Fitzpatrick. The group develops electric vertical takeoff and landing aircraft — fixed-wing planes that perform like helicopters — for urban mobility solutions such as passenger taxis, medical evacuations, and carrying cargo.Its flagship low-noise, zero-emissions VA-X4 prototype will be able to carry five people more than 100 miles at a top speed of 202 miles an hour. Vertical Aerospace said it should be profitable and cash flow stable with annual sales of less than 100 aircraft.Microsoft’s, +0.08%, +0.68%, - Show less Read more
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