XTI Aerospace (XTIA) Stock News

XTI Aerospace (NASDAQ:XTIA) has appointed Charlie Burgoyne, Founder and CEO of Valkyrie and Andromeda, to its Corporate Advisory Board. Burgoyne, who serves as an advisor to the United States Central Command (CENTCOM), brings over 15 years of expertise in artificial intelligence and data science across defense and commercial sectors.

The appointment strengthens XTI's strategy in developing intelligent aircraft systems, particularly its flagship TriFan 600 xVTOL aircraft and future unmanned aircraft systems (UAS). This addition follows recent appointments of key figures from Palantir, U.S. Space Force, and Paramount Group, aligning with the June 2025 Presidential Executive Order on Domestic Drone Production.

XTI Aerospace (Nasdaq: XTIA) has successfully completed a propulsion technical familiarization meeting with the Federal Aviation Administration (FAA) for its TriFan 600 aircraft certification process. The review focused on the aircraft's propulsion system, covering critical components including engines, drive train, fuel system, propellers, and structural mounts.

The technical review addressed essential certification areas such as engine fire containment, bird strike impact, cabin safety, fuel management, and instrumentation systems. This milestone represents another step forward in XTI's certification journey for its vertical takeoff and landing (VTOL) airplane.

XTI Aerospace (Nasdaq: XTIA) has announced a strategic technology collaboration with MagLev Aero to evaluate and integrate MagLev's revolutionary HyperDrive™ propulsion system into XTI's future hybrid-electric aircraft platforms. The partnership includes a non-binding pre-order of up to 100 MagLev HyperDrive systems, subject to technical milestones and final agreements.

The MagLev HyperDrive technology utilizes magnetic levitation in a tip-driven ducted fan system, designed to enhance system efficiency by eliminating rim drive friction. This collaboration aims to develop aircraft with improved speed, range, reliability, and noise reduction capabilities for both military and civilian UAV applications.

XTI Aerospace (Nasdaq: XTIA) has successfully completed a structures technical familiarization meeting with the Federal Aviation Administration (FAA) for its TriFan 600 aircraft certification program. The meeting focused on reviewing the aircraft's structural design philosophy, analysis methodologies, load conditions, and compliance approach.

This milestone represents a significant step in the company's certification journey for the TriFan 600, their vertical takeoff and landing (VTOL) airplane. XTI plans to conduct additional technical familiarization meetings with the FAA across various disciplines in the coming months as part of their collaborative certification program.

XTI Aerospace (Nasdaq: XTIA), a pioneer in xVTOL and powered-lift aircraft solutions, has successfully closed a $16 million public offering. The offering consisted of 9,143,000 shares of common stock (or pre-funded warrants) and warrants to purchase up to 9,143,000 shares at a combined price of $1.75 per share.

The Common Warrants are immediately exercisable at $2.00 per share and expire in five years. The company plans to use the proceeds for working capital and general corporate purposes, including the development of their TriFan 600 airplane. ThinkEquity served as the sole book-running manager for the offering.

XTI Aerospace (Nasdaq: XTIA), a pioneer in xVTOL and powered-lift aircraft solutions, has announced the pricing of a $16 million public offering. The offering consists of 9,143,000 shares of common stock (or pre-funded warrants) and warrants, priced at $1.75 per share.

Each Common Warrant allows holders to purchase one share at $2.00 and expires in 5 years. The company granted underwriters a 45-day option to purchase up to 1,371,000 additional shares. The offering, managed by ThinkEquity, is expected to close on June 26, 2025. Proceeds will fund working capital and development of the TriFan 600 airplane.

XTI Aerospace (NASDAQ: XTIA) has achieved a significant milestone in the development of its TriFan 600 xVTOL aircraft by leveraging the Frontier supercomputer at Oak Ridge National Laboratory. The company completed over 1,500 complex computational fluid dynamics calculations to analyze aerodynamic performance. The Frontier supercomputer, capable of performing a quintillion calculations per second, enables XTI to optimize performance and safety before testing subscale versions. The digital simulations cover various configurations, attitudes, speeds, and mission profiles, with results leading to aerodynamic improvements. These developments precede formal wind tunnel confirmation tests required for FAA certification of the TriFan 600 xVTOL.

XTI Aerospace (NASDAQ: XTIA) has appointed Steve Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. This strategic appointment aligns with growing recognition of VTOL aircraft as a national priority and strengthens XTI's position in defense markets. Griessel brings over 40 years of leadership experience in defense, aerospace, and other sectors, currently serving as CEO of Copperstone Capital Partners. At Paramount Group, he successfully transformed the company into a global OEM with operations in 25+ countries. His expertise will support XTI's TriFan 600 development, which combines helicopter-like vertical lift capabilities with fixed-wing aircraft performance. The appointment aims to accelerate XTI's expansion in both commercial and defense verticals, particularly focusing on mission-critical markets.

XTI Aerospace (NASDAQ: XTIA) responds to President Trump's Executive Order aimed at boosting domestic drone production and advanced air mobility. The order establishes an eVTOL Integration Pilot Program, accelerates FAA rulemaking, and streamlines regulations for VTOL aircraft development. XTI's TriFan 600, a VTOL aircraft with 1,000-mile range and 300+ mph speed capability, is positioned to serve military, commercial, and public sector needs. The Executive Order includes key benefits: mandated BVLOS rules within 30 days, reduced regulatory barriers, access to federal test ranges, preference for U.S.-made aircraft in federal procurement, and promotion of U.S. VTOL technology exports. The company plans to pursue admission into the pilot program, viewing the order as validation of VTOL's importance in future air mobility.