Heart Aerospace

heartaerospace.com

+5%

est. 2Y upside i

AerospaceSeries B

Heart makes electric airplanes with an all-electric range of 250 miles

Rank

#1928

Sector

Aerospace Manufacturing

Est. Liquidity

~5Y

Data Quality

Data: Low

Heart Aerospace offers a high-risk, moderate-return opportunity with expected 2-year upside of ~5.4%.

Last updated: July 19, 2026

Bull (15%)+73%

Bull: Exit multiple holds at 25x as IPO window opens, valuing equity at $965M. Net of 20% dilution, upside 72.9%.

Base (40%)+34%

Base: Multiple converges to 20x, yielding $772M. Dilution of 20% leaves 34.3% upside.

Bear (45%)-43%

Bear: Multiple compresses to 10x on certification delays and competition, exit $386M. Preference stack absorbs $185M, common sees -42.8% after dilution.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

37%

Preferred stock of $185M represents 37% of current valuation, giving preference holders significant protection in downside scenarios.

Dilution Risk

high

With heavy R&D spending and no near-term production, a capital raise within 24 months is likely, potentially diluting common equity 20% or more.

Secondary Liquidity

none

No secondary trading reported; liquidity is via exits or IPO, which may be years away.

Questions to Ask at the Interview

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

  • 1

    How does Heart Aerospace plan to achieve certification by 2029 given recent delays to the X1 demonstrator?

  • 2

    What is the company's strategy for managing capital intensity and future dilution?

  • 3

    How does the ES-30 aircraft's economics compare to regional turboprops and emerging eVTOL competitors?

Community

Valuation Sentiment

Our model estimates +5% 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.