The AAM Stock Composite (AAMC) fell 3.8% in the past week after staying mostly flat when some Advanced Air Mobility companies were announcing financial results.
Startup Relativity Space successfully completed a full-duration, 20-sec. test run of its Terran 1 rocket with its nine first-stage Aeon liquid oxygen/liquid natural gas engines at Cape Canaveral on Aug. 22, clearing a major hurdle toward a planned debut launch attempt in the coming weeks or months.
You can imagine the frustration of Airbus’ engineers. Just hours before the company’s Zephyr high-altitude pseudo-satellite looked set to break a 60-year-old flight-duration record, the solar-powered uncrewed aircraft system was lost.
NASA is asking the aerospace industry to describe a commercial strategy for the planned deorbiting of the International Space Station, which is currently planned for the end of 2030.
Heads Up Technologies has bought fellow aircraft cabin lighting supplier STG Aerospace for its "concept-to-certification capability and extensive intellectual property."
The Airbus HAPs platform was lost hours before it would have broken the world record for the longest continuous flight, which stands at 64 days 22 hr. 19 min.
The primary story on funding in the advanced air mobility industry this month is on cash burn related to research and development, to include certification efforts.