Legendary Investor Jason Mudrick Is Betting Big on This Hidden-Gem Flying Car Stock

Flying cars have jumped from sci-fi to serious business in 2025. Last week, President Donald Trump signed an executive order that forces the Federal Aviation Administration to pick at least five eVTOL projects for accelerated pilot programs.

This caused Joby Aviation (JOBY) and Archer Aviation (ACHR) stocks to surge. However, there are other players in this nascent industry worth watching. 

Jason Mudrick is betting on a company called Vertical Aerospace (EVTL). He made $200 million during the 2021 meme stock frenzy by financing AMC Entertainment (AMC).

Mudrick’s Takeover of Vertical Aerospace

Mudrick Capital gained control of Vertical Aerospace by converting $130 million of secured debt into equity. He removed founder and then-CEO Stephen Fitzpatrick from his seat and promoted then-CFO Stuart Simpson to the CEO position instead.

The fund now holds the board majority and is pushing an aggressive path to the commercial launch of the six-seat VX4 air-taxi by 2028.

The playbook here is to inject capital, slash cash burn, and focus on near-term milestones that unlock valuation upside. This is what led to massive gains during AMC’s rescue.

Vertical  Aerospace still had only $89 million of cash as of March 31, enough to “...provide sufficient funding to support operations into the fourth quarter of 2025.” Expected net cash outflows from operating activities are at $120 million over the next 12 months.

Mudrick’s presence should improve access to fresh capital and partnerships. Bristow Group (VTOL) has already placed a pre-order for up to 50 VX4s with options for 50 more. The two companies plan to co-develop a turnkey “ready-to-fly” operating platform.

Trump’s Executive Order Makes eVTOL Regulations Easier

Regulations have been the sector’s biggest drag. Trump’s new executive order directly tackles that. Signed June 6, it instructs the FAA to pick at least five U.S. eVTOL pilot projects by Dec. 3, 2025, and imposes firm deadlines on beyond visual line of sight (BVLOS) rules.

On top of that, federal agencies must also prioritize U.S.-made aircraft in procurement. Although Vertical Aerospace is based in the United Kingdom, it does have manufacturing partnerships in the U.S. which should help it fit that description. 

Policy tailwinds and relationships with aviation giants like United Airlines (UAL) have now reduced the risk profile typical of pre-revenue aerospace startups. As such, EVTL stock could surge.

Should You Buy EVTL Stock Now?

Mudrick’s history of structuring shareholder-friendly financings and the recent executive order do make this stock a much better deal. EVTL stock could be a good bet ahead of its potential selection into the U.S. pilot program (by year-end), and possibly more pre-orders. Vertical Aerospace secured the Civil Aviation Authority’s go-ahead in May and has already completed the first piloted wing-borne flight of its VX4 in open U.K. airspace

At the same time, you should keep in mind that Vertical Aerospace is still a pre-revenue company. Even with Mudrick’s help, this company will have to raise more cash. EVTL is a high-risk, high-reward bet, and you should treat it as such. I do think EVTL stock is worth an optimistic buy. A sharp move to the upside will make financing much easier and stretch the cash runway.

The mean price target of $10.90 implies 91% upside.