XTI Aerospace Stock Price, News & Analysis

XTI Aerospace (NASDAQ: XTIA) has announced the appointment of Preston Dunlap to its Corporate Advisory Board. Dunlap, the former inaugural Chief Technology Officer and Chief Architect of the U.S. Space Force and Air Force, brings over 20 years of experience in national security, defense, and aerospace technology.

During his tenure, Dunlap oversaw $70 billion in aerospace and defense programs and initiated $250 billion worth of new defense programs, including the B-21 stealth bomber and hypersonic systems. He is currently the founder of Arkenstone Ventures and Arkenstone Capital.

The appointment aims to accelerate the development and commercialization of the TriFan 600, XTI's innovative aircraft that combines fixed-wing flight efficiency with vertical takeoff and landing capabilities. The company plans to position the TriFan 600 for commercial aviation, defense, medevac, and emergency response applications.

XTI Aerospace (NASDAQ: XTIA) has announced key Q2 2025 product and engineering milestones for its TriFan 600 xVTOL aircraft development program. The company plans to complete several important objectives, including:

• Engine and drivetrain supplier selection
• External noise assessment with Continuum Dynamics
• FAA technical familiarization briefings
• First flight of 'Sparrow' - a 1:15 scale unmanned model

The company will also launch its 'Kestrel' subscale model later in 2025 to evaluate aerodynamics and flight controls. XTI plans to reopen TriFan 600 pre-sales later in 2025, targeting fleet operators, business owners, and EMS operators. The development roadmap includes preliminary design, critical design, first flight, and type certification phases.

XTI Aerospace (NASDAQ: XTIA) has released its full-year 2024 business update, highlighting significant progress in its TriFan 600 aircraft development program. The company made its public market debut on Nasdaq in March 2024 following a merger with Inpixon.

Key achievements include conducting an FAA General Familiarization meeting, filing new patent applications, and releasing Version 1.9 of the Flight Transition Simulator. Mesa Airlines placed a conditional pre-order for up to 100 TriFan 600 aircraft. The company strengthened its leadership team and formed a Corporate Advisory Board.

In early 2025, XTI raised $24 million through equity offerings, formally commenced the FAA Type Certification process, and completed critical technical studies. The TriFan 600, their flagship fixed-wing VTOL aircraft, combines regional airplane capabilities with helicopter-like convenience for commercial and special mission markets.

XTI Aerospace (NASDAQ: XTIA) unveiled its latest TriFan 600 subscale model at the Avalon Airshow in Melbourne, Australia. The model demonstrates the aircraft's advanced vertical takeoff and landing (VTOL) capabilities, featuring three operational fans, rotating ducts, and aft fan closing mechanisms.

The company announced plans to begin flight testing its subscale model, codenamed 'Sparrow', which mirrors the latest aerodynamic configuration. The tests will evaluate vertical takeoff, transition to conventional flight, and vertical landing, while validating the 'digital twin' computational fluid dynamics analysis.

At the airshow, XTI shared space with VStar 21, a TriFan 600 pre-order customer specializing in advanced air mobility. VStar 21's CEO Tony Laws expressed enthusiasm for their future fleet, highlighting the aircraft's potential impact on providing rapid access to remote locations across Australia and the Asia-Pacific region.

XTI Aerospace (NASDAQ: XTIA) announced the completion of the Global Finite Element Model (GFEM) for its latest TriFan 600 configuration, marking a significant Q1 2025 milestone. The GFEM enhances the design team's ability to analyze structural integrity and load distribution, advancing the Digital Mock-up (DMU) within the CATIA 3DX model. This milestone enables further validation and modification of the aircraft's internal structures.

According to VP of Engineering Dave Ambrose, the GFEM allows detailed analysis of structure and mass properties, similar to how CFD informs aerodynamic performance. CEO Scott Pomeroy highlighted the GFEM's role in refining design aspects like structures, load paths, weights, and part optimization, while maintaining safety and performance.

In Q1 2025, XTI completed all six product and engineering milestones, including the downwash/outwash study, type certification application to the FAA, optimization of engine air inlets and exhaust, fuel system design, flight deck mockup, and the GFEM update.

XTI Aerospace (NASDAQ: XTIA) has announced the opening of its Prototyping and Innovation Lab at The HIVE in Grand Forks, North Dakota. The lab will focus on accelerating the development of XTI's flagship powered-lift aircraft, the TriFan 600, through two subscale models: 'Sparrow' and 'Kestrel'.

Under the leadership of Professor Robert Lunnie from the University of North Dakota, the lab will concentrate on advancing flight control systems and aerodynamics. The facility is situated within The HIVE, a hybrid business accelerator and incubator specializing in vertical takeoff and landing (VTOL) and unmanned aircraft systems (UAS).

The initiative aims to leverage Grand Forks' growing aerospace ecosystem, which includes collaborations with the United States Air Force, government agencies, and the University of North Dakota. This strategic move positions XTI Aerospace to enhance the TriFan 600's development while contributing to broader aviation technology advancement.

XTI Aerospace (NASDAQ: XTIA) CEO Scott Pomeroy released a shareholder letter detailing the company's journey since its Nasdaq listing in March 2024. The company, focused on VTOL and powered-lift aircraft solutions, faced initial challenges with $30 million in post-merger obligations.

Key developments include:

• January 2025: Raised $20 million through at-market stock sales and implemented a reverse split to maintain Nasdaq compliance
• March 17, 2025: Achieved major milestone with FAA acceptance of Type Certification application for TriFan 600
• March 31, 2025: Raised additional $4 million through public offering

The company has eliminated all stock-based financing obligations and maintains over $8 million in cash, sufficient for operations through Q4 2025. Remaining historical cash obligations are $1.5 million. XTIA plans 100 investor meetings in April-May 2025 to build institutional awareness.

XTI Aerospace (XTIA) has announced the closing of its public offering, raising approximately $4 million in gross proceeds. The offering consisted of 2,941,200 shares of common stock (or pre-funded warrants) and warrants at a combined price of $1.36 per share.

The warrants are immediately exercisable for five years with an exercise price of $1.36 per share. The company plans to use the net proceeds for general working capital, corporate purposes, and to fully repay outstanding secured promissory notes. ThinkEquity served as the sole book-running manager for the offering.

The securities were offered through a shelf registration statement on Form S-3, filed with the SEC on May 31, 2024, and declared effective on June 18, 2024.

XTI Aerospace (XTIA) has announced the pricing of an underwritten public offering, consisting of 2,941,200 shares of common stock (or pre-funded warrants) and warrants at a combined price of $1.36 per share. The warrants, exercisable for five years, will have an exercise price of $1.36 per share.

The offering is expected to generate approximately $4 million in gross proceeds before deducting underwriting costs and other expenses. The company plans to use the net proceeds for general working capital, corporate purposes, and to fully repay outstanding secured promissory notes. The offering, managed by ThinkEquity as the sole book-runner, is expected to close on March 31, 2025.