LILM - Lilium: Not So Dead After All

2024-05-16 08:38:02 ET

Summary

• Lilium has secured additional funding and deals, making it a viable player in the flying taxi space.
• The company has a long list of orders and a pipeline of 780 units, with plans to enter full production in 2026.
• Lilium forecasts strong global demand for eVTOLs and an after-service market of $5 billion by 2035, but its current capital position is a concern.

While the flying taxi space has a lot of appeal, Lilium N.V. ( LILM ) hasn't been much more than a call option of the space. The eVTOL company has suddenly snagged several deals, including additional funding, making Lilium a viable European player in the space. My investment thesis remains Neutral on the stock due to the ongoing need to raise capital with the stock trading at only $1....

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