- XTI Aerospace (NASDAQ: XTIA) raised $24 million in equity offerings in early 2025.
- Mesa Airlines placed a conditional pre-order for up to 100 TriFan 600 aircraft.
- Company commenced the FAA Type Certification process for its flagship TriFan 600 VTOL aircraft.
XTI Aerospace, Inc. (XTIA, Financial), a leader in xVTOL and powered-lift aircraft solutions, has released an update for its full-year 2024 business operations and outlined strategic goals for 2025. The company has made notable progress in the development of its TriFan 600 aircraft, a fixed-wing VTOL designed for both commercial and special mission markets.
In March 2024, XTI Aerospace successfully listed on the Nasdaq following a merger with Inpixon. This move was a significant milestone for the company, providing greater access to capital markets to support its growth trajectory.
The company conducted a General Familiarization meeting with the FAA, attended by over 60 representatives, and filed new patent applications to bolster its intellectual property portfolio. XTI also released Version 1.9 of the Flight Transition Simulator with One-Engine-Inoperative capability, marking a step forward in aircraft systems development.
In early 2025, XTI Aerospace raised $24 million through equity offerings, providing much-needed funding for the next phase of its development program. Additionally, the formal commencement of the FAA Type Certification process marks a vital regulatory advancement for the TriFan 600.
Mesa Airlines' conditional pre-order for up to 100 TriFan 600 aircraft signals significant market interest and potential validation from an established commercial operator. Though these pre-orders are conditional, they represent a promising start for XTI's commercial ambitions.
Looking ahead, XTI plans to reopen pre-orders for the TriFan 600 later in 2025, as the company continues to refine its aircraft technologies and expand its leadership team. XTI Aerospace remains committed to strengthening its competitive position in the regional air mobility market by leveraging its innovative aircraft design and expanding industry partnerships.
