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Vertical Aerospace ( (EVTL) ) has provided an announcement.
Vertical Aerospace announced changes to its board leadership, with Chairman Dómhnal Slattery resigning effective May 12, 2026, after overseeing key milestones including a historic two-way piloted transition flight and securing up to $850 million in financing. The board has appointed existing director Ben Story as interim chairman, bringing his experience from Rolls-Royce, investment banking, and UK transport governance to guide the company as it advances its eVTOL programme and consolidates recent progress.
Slattery’s departure marks a significant governance transition for Vertical Aerospace, coming shortly after major technical and financial achievements that underpin its long-term development plans. Story’s interim appointment signals continuity and a focus on strategic execution, with his background in strategy, M&A and public-sector transport expected to support the company’s efforts to strengthen its market positioning and maintain investor confidence during the search for a permanent chair.
The most recent analyst rating on (EVTL) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Vertical Aerospace stock, see the EVTL Stock Forecast page.
Spark’s Take on EVTL Stock
According to Spark, TipRanks’ AI Analyst, EVTL is a Neutral.
The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, sustained cash burn, negative equity and higher leverage). Technicals also indicate a weak longer-term trend with negative MACD. Offsetting these, the latest earnings call highlighted credible operational milestones, but they are tempered by a pronounced near-term funding gap and schedule uncertainty.
To see Spark’s full report on EVTL stock, click here.
More about Vertical Aerospace
Vertical Aerospace is a UK-based aerospace manufacturer focused on developing electric vertical take-off and landing (eVTOL) aircraft for advanced air mobility. The company targets the emerging urban and regional air transport market, positioning itself as a pioneer in zero-emission flight and leveraging recent operational and financing milestones to advance aircraft certification and commercialization.
Average Trading Volume: 2,833,471
Technical Sentiment Signal: Sell
Current Market Cap: $357.8M
For an in-depth examination of EVTL stock, go to TipRanks’ Overview page.