+115%

est. 2Y upside i

AerospaceSeries B

Autonomous electric airplanes

Rank

#321

Sector

Aerospace and Defense

Est. Liquidity

~4Y

Data Quality

Data: Low

Pyka offers potentially high upside (115% expected return over 2 years) driven by strong regulatory positioning and growing demand, but carries significant risk from a heavy preference stack (funding 55% of valuation) and stale data making valuation uncertain.

Last updated: July 19, 2026

Bull (30%)+300%

If an IPO window opens or defense contracts scale rapidly, the exit multiple could expand to 10x, yielding common stock returns of 300% after preference and dilution adjustment. Revenue reaches $40.5M by 2028.

Base (45%)+95%

Multiple converges to public comp range (~6x), exit value ~$243M; common stock sees 95% upside after preference and dilution. Revenue growth follows assumed trajectory.

Bear (25%)-74%

Multiple compresses to 3x due to competitive pressure or regulatory delays, exit value ~$121.5M; common stock suffers -74% loss after preference and dilution. Preference stack worsens outcome.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

5506%

Total funding of $88.1M represents 55% of estimated $160M entry valuation, giving preferred a substantial liquidation overhang.

Dilution Risk

high

With likely additional funding within 24 months, common stock will face 15-25% dilution.

Secondary Liquidity

none

No secondary market transactions reported; liquidity entirely event-driven.

Hardware Engineering — 5 roles

Software Engineering — 5 roles

Manufacturing — 4 roles

View all 18 open roles at Pyka →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Pyka's unit economics evolve as they scale production from 100 to 1000 aircraft per year?”

  • 2

    “What is the regulatory pathway for autonomous cargo operations in the US and Brazil, and how does Pyka's first-mover advantage translate into a sustainable moat?”

  • 3

    “Given the high preference stack, how does the company plan to provide liquidity for employees, and what is the timeline for a potential exit?”

Community

Valuation Sentiment

Our model estimates +115% 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.