#researchshort
✈️ $LILM Lilium BV ✈️
$LILM was founded in 2015 by four engineers and PhD students at the Technical University of Munich, Daniel Wiegand, Sebastian Born, Matthias Meiner and Patrick Nathen. The Lilium Eagle, an unmanned two-seat proof of concept model, performed its maiden flight at the airfield Mindelheim-Mattsies near Munich in Germany on 20 April 2017. The Lilium Jet five-seater prototype Phoenix first flew in May 2019. The prototype was powered by 36 electrically-powered jacketed-propellers mounted in movable flaps that can point down for vertical takeoff and gradually moved to a horizontal position to provide forward thrust. The five-seat Lilium Jet is capable of achieving a top speed of 300km/h and targets a range of 300 km. In 2017, $LILM announced plans to launch a 5-seat Lilium Jet by 2025, aimed for the air taxi service market. At the beginning of 2019, $LILM held discussions with the Switzerland's national rail company SBB on the use of the air taxi as a means of transport between the station and at home and a letter of intent was signed. In October 2019, $LILM released footage showing the Jet in full flight, taking off vertically and transitioning to horizontal flight. Lilium also announced the completion of its first manufacturing facility in October 2019.
In November 2020, $LILM announced a partnership with the developer Tavistock Development Company to build a $25 million “vertiport” in Orlando, Florida. In March 2020, $LILM raised $240 million in funding led by Tencent, with participation of previous backers such as Atomico, Freigeist and LGT. In January 2021 it was reported that Lilium was seeking to become a listed company via a special purpose acquisition company "SPAC" . $LILM also confirmed it was redesigning its aircraft. Former Airbus CEO, Tom Enders, joined Lilium's board of directors in January 2021. In August 2021 the brazilian airline Azul signed a letter of intend for 220 Lilium Jet seven-seaters.
Since 2015, $LILM has been developing proprietary technology that powers their all-electric vertical take-off and landing jets. Through an iterative process we designed, built and tested 4 generations of prototypes including their current 5-seat technology demonstrator. In 2018, $LILM applied for concurrent type certification with EASA and FAA for a larger Lilium Jet and subsequently began work behind the scenes on their 7-seater – an aircraft enabling a sustainable and accessible mode of high-speed travel. The proprietary technology at the core of the Lilium Jet is Ducted Electric Vectored Thrust (DEVT) which they have refined through successive generations of technology demonstrators. Electric jet engines integrated into the wing flaps provide advantages in payload, aerodynamic efficiency and a lower noise profile, whilst also providing thrust vector control to maneuver the Lilium Jet through every phase of flight. Traditional jet engines power 95% of commercial aircraft and they have based their design on the same principles, yet far simpler. Their electric jet engines rely on just a single "stage" rotor/stator system driven by an electric motor with zero emissions.
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⁉️ Who owns most of $LILM ⁉️
The big shareholder groups in $LILM have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. $LILM isn't enormous, but it's not particularly small either. It has a market capitalization of US $2.7b, which means it would generally expect to see some institutions on the share registry. In the chart below, we can see that institutions are noticeable on the share registry. $LILM is not owned by hedge funds. Data shows that Tencent Holdings Limited is the largest shareholder with 27% of shares outstanding. For context, the second largest shareholder holds about 14% of the shares outstanding, followed by an ownership of 6.4% by the third-largest shareholder. It seems insiders own a significant proportion of $LILM . It is very interesting to see that insiders have a meaningful US$ 466m stake in this US$ 2.7b business.
With a 34% ownership, the general public have some degree of sway over $LILM . This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Private equity firms hold a 14% stake in Lilium. This suggests they can be influential in key policy decisions. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and as the name suggests don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Public companies hold 27% of the Lilium shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
https://finance.yahoo.com/news/kind-investors-own-most-lilium-160232975.html
💵 $LILM Q3 Earnings 💵
⚫Q3 Cash balance of $529M as of September 30th
⚫Operational spend for Q3 of $56.6M
⚫ Operational spend of $141.5M through September 30th
⚫ Listing on Nasdaq mid-September - $584M gross proceeds
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@taze this was one of the companies you liked right?
@Jega I still don't know how I feel about electric air travel 😆
Jelly@Jega
@Xander882214 I think it will become huge in the future, probably we will start seeing it moving faster between 5-10 years from now. When prices drop fast and many companies start to emerge with fleets for comercial purposes we will see that market going fast.
The future is absurd
@Jega $BLDE has contracts for landing/takeoff pads on the three ends of billionaire Manhattan NYC, from what I’ve heard they have the billionaire I-495 Manhattan–Hamptons trip on lock. They probably have the Boston–Cape Cod and Connecticut–Hamptons/Cape Cod routes too.
It’s possible that they’ll be competing for different segments— private jets vs commercial travel vs freight, with each winning som…See more
Btw I don’t hold any of them, so no horse in the race
@gasparkles Same here, this is just a watch 👀 for me for a bit.
Jelly@Jega
@gasparkles interesting 💪🏾
On my summer Monday and Friday cycling commute over NYC East River bridges, I see their helicopters and seaplanes landing and taking off. The awe of watching a plane land on water mitigates my anger that the passengers can turn a 3-hr trip into a 15-minute one, at a $3k/trip price tag that for them is probably pocket change. 🤯😭
Yes sir! @ctsshah
Thanks nice article.
