-72%

est. 2Y upside i

AerospaceSeries A

First electric business aircraft designed for hydrogen propulsion

Rank

#1863

Sector

Aerospace and Defense

Est. Liquidity

~5Y

Data Quality

Data: Medium

Beyond Aero operates in a high-potential, high-growth market for hydrogen-electric business jets, backed by $44M in total capital raised (including debt and grants) and a moderate competitive moat.

Last updated: March 10, 2026

Bull (25%)+300%

Beyond Aero successfully navigates regulatory hurdles, achieves EASA CS-23 certification ahead of schedule, and converts a significant portion of its $914M LOIs into firm orders. This strong market validation and technological leadership in a rapidly growing hydrogen aircraft market (CAGR ~37% YoY) drives a successful Series B/C round at a $480M+ valuation, leading to a 4x return on current equity.

Base (30%)+50%

The company makes steady progress on development and certification, but faces some delays due to the nascent regulatory framework for hydrogen aircraft. It secures additional funding rounds at moderate step-ups, maintaining its position as a key player in the niche hydrogen business jet market. This leads to an eventual exit (IPO or acquisition) at a $180M valuation, offering a modest 1.5x return.

Bear (45%)-80%

Significant technical challenges or prolonged regulatory delays (EASA certification roadmap still evolving) exhaust capital faster than anticipated, leading to a down round or a distressed acquisition by an incumbent at a valuation below $44M. The severe preference stack of $44M means common stock holders receive little to no return.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Investors hold $44M in liquidation preferences, meaning common stock holders would only see returns after this amount is paid out in an exit at or above the estimated $120M valuation.

Dilution Risk

high

As a Series A company with very high capital intensity, Beyond Aero will likely require multiple large funding rounds to achieve certification and production, leading to significant future dilution of employee equity.

Secondary Liquidity

none

As an early-stage private company, there is currently no active secondary market or tender offers for employee equity.

Other — 1 role

View all 1 open roles at Beyond Aero →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Beyond Aero's data — designed to show you've done your homework.

  • 1

    “Given the total capital raised of $44M and the very high capital intensity of developing and certifying a hydrogen-electric aircraft, what is the company's detailed funding roadmap for the next 3-5 years, and how do you plan to manage the significant dilution risk for early employees?”

  • 2

    “Beyond Aero has secured $914M in LOIs for 108 aircraft. What are the key milestones and timelines for converting these LOIs into firm orders and ultimately delivering the aircraft by the target market entry of 2030?”

  • 3

    “EASA is still developing its certification roadmap for hydrogen-powered aircraft, identifying gaps in current CS-23 requirements. How is Beyond Aero actively collaborating with regulatory bodies to shape these standards, and what are the biggest potential regulatory roadblocks you foresee in bringing the BYA-1 to market?”

Community

Valuation Sentiment

Our model estimates -72% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.