Latest news with #Lilium
AsiaOne
3 days ago
- Entertainment
- AsiaOne
What To Do This Weekend (May 30 to June 1), Lifestyle News
Ready for the weekend? Here's what you can look forward to this week. 1. Jurassic World: The Experience Visit Gardens by the Bay's mist-shrouded Cloud Forest for the debut of Jurassic World: The Experience. This immersive event brings to life the cinematic wonder of the Jurassic World film franchise through life-sized animatronic dinosaurs nestled within the iconic cooled conservatory. Surrounded by lush greenery and misty waterfalls, get ready to be transported hundreds of millions of years back in time to an era when dinosaurs ruled the Earth. You can look forward to 13 exciting and interactive zones to explore, with highlights including an awe-inspiring 8.5-metre-tall Brachiosaurus, a hands-on nursery where you can spend time with baby dinosaurs, and a face-to-face moment with the fearsome Tyrannosaurus rex. Be sure to keep your eyes peeled for tiny Compsognathus, or "Compys", hidden throughout the lush garden pathways. 2. i Light Singapore 2025 i Light Singapore is back to illuminate the city after sunset from now till June 21. Themed "To Gather", this year's festival unites 17 dazzling light installations by local and international artists, with the colour red at the centre of these pieces. You can also look forward to the return of the Gastrobeats Festival alongside the main festival, where you'll embark on a culinary adventure to feast on irresistible flavours ranging from tasty street food to culinary delights, accompanied by the pulsing rhythm of live music performances that keep the energy pumped up all night long. Till June 21. 3. Lilytopia Step in the Flower Dome at Gardens by the Bay to be surrounded by gorgeous and sweet-scented lilies. Float across the canals of La Serenissima — the "Most Serene", or what Venice was called back in the day — as the heady scent of lilies in full summer bloom transports you to one of the most beautiful places in the world. As you traipse through the narrow cobblestone streets of a charming Italian town, colourful lily breeds like the pink-and-white Lilium 'Mikaela', yellow Lilium 'Beverly Gold', and orange Lilium 'Caddy' line your route. Till June 15. 4. Children's Festival @ GBTB Looking for family-friendly fun to entertain your kids this June holidays? Check out the free Children's Festival at Gardens by the Bay's Supertree Grove. You're invited to immerse yourself in a vibrant, tropical atmosphere as the Supertree Grove transforms into an outdoor festival with interactive installations inspired by Disney's Lilo and Stitch. Your kids can ride a massive Ohana Wave slide, explore a forest-themed inflatable playscape at the Forest of Belonging, embark upon a space-themed mission at Space Adventure to power up as many light beams as they can, and much more. Till June 15. 5. Gallery Children's Biennale The 2025/2026 season of National Gallery Singapore's Gallery Children's Biennale is back from May 31 to March 29, 2026. This season's Biennale is themed "Tomorrow we'll be...", and invites your kids to explore the possibilities of their futures through the values of joy, kindness, dream and love. You can look forward to 8 immersive and multisensory installations by local and international artists, as well as a series of engaging programmes throughout the season like storytelling sessions, dance performances, hands-on workshops, and more. May 31 to March 29, 2026. [[nid:718281]]
Newsweek
3 days ago
- Health
- Newsweek
Pet Owner's Warning After Both Cats 'Turn Yellow' Overnight
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A Reddit post has gone viral after a cat owner revealed their two orange cats mysteriously turned yellow overnight—prompting widespread concern. The Redditor, u/vvleo, posted in the popular subreddit CAT HELP, sharing their confusion and concern after noticing both of their cats had yellow-stained faces and fur. The post quickly amassed over 21,000 upvotes. "Woke up this morning to two of my cats all bright yellow in the face/neck area. the first cat's bed is also colored where he lays his head. we do have two bouquets but we've had them for almost a week and this is new and I don't know if they could be causing it. is this potentially dangerous? thanks in advance," they wrote. The accompanying images showed both cats with yellow discoloration and pictures of the flower bouquets in the home—one of which appeared to include lilies. Posts from the cathelp community on Reddit Expert Insight According to Dr. Maggie Placer, Doctor of Veterinary Medicine (DVM), the yellow staining could potentially be pollen from lilies in the bouquets. She explained to Newsweek even though the flowers had been in the house for nearly two weeks, cats can suddenly take interest in things they previously ignored. "All parts of the lily plant are toxic, with the flowers being the most dangerous," she said. "Untreated lily intoxication can cause kidney failure within 12 to 36 hours of exposure and death within a few days." In cases where more than one cat shows signs of exposure, it may be that one cat's curiosity influenced the other. Placer said that regardless of whether lilies are present, the owners should call their veterinarian immediately. She noted that exposure to certain lilies, such as those in the Lilium and Hemerocallis species, can cause lily toxicosis—an acute and potentially fatal condition resulting in kidney failure. To ensure safety, she recommended pet owners always review the contents of bouquets received or purchased and to be vigilant about their cats' environment—both indoors and outdoors. A split mage showing the cats with mystery yellow stains covering their fur. A split mage showing the cats with mystery yellow stains covering their fur. vvleo/vvleo Reddit Reacts Concerned Redditors flooded the post with advice and urgent pleas for the owner to act fast. "Lilies aren't just toxic to cats—they're deadly. Take them to the vet ASAP," one user urged. "I work in a Vet ER and I really wish ALL florists would mention that lily is toxic. We get dozens of new cases every holiday. Especially Mother's Day and Easter, it's honestly heartbreaking," another shared. "This is an EMERGENCY VET VISIT—please let us know once you get back from the vet and kitties are okay!" said a third. Update From the Owner Later, the original poster returned with a reassuring update, explaining that the cats had been treated and were expected to recover. They shared that the cats received fluids to help hydrate and flush out any toxins and would return to the vet for a follow-up the next day. While acknowledging the oversight, the Redditor emphasized their love for their pets and gratitude for the support they received. They wrote that they had "definitely learned" from the experience and will be more cautious in the future. "Thanks to everyone who said kind words and genuinely wanted to help, I love my cats and have had cats my whole life. I like to think I'm a pretty great pet parent and this is my first oversight ever, though it's a pretty huge one... at least I know I truly care for them, even if it doesn't show in my words," they said. Newsweek reached out to u/vvleo for comment via Reddit. We could not verify the details of the case. Do you have funny and adorable videos or pictures of your pet you want to share? We want to see the best ones! Send them in to life@ and they could appear on our site.
Globe and Mail
22-05-2025
- Business
- Globe and Mail
Archer Aviation Just Got a Major Olympics Boost. Should You Buy the Flying Car Stock Now?
Flying cars once felt like science fiction and Jetsonian daydreams, but now it is a high-stakes race to reshape urban travel. With the air taxi market eyeing a $14 billion valuation by 2032, next-gen batteries are giving the electric vertical takeoff and landing (eVTOL) industry the boost it needs. While names like Joby Aviation, Inc. (JOBY) and Lilium (LILMF) are proving that flying cars are anything but fantasy, Archer Aviation Inc. (ACHR) has quietly climbed the ranks, and has now earned a spotlight that few others can claim – becoming the Official Air Taxi Provider of the 2028 Los Angeles Olympic and Paralympic Games. Its Midnight eVTOLs are set to ferry VIPs above L.A.'s traffic-choked streets, linking electrified vertiports across key venues, supporting security ops, and redefining how fans arrive at the biggest sporting stage in the world. So, with the Olympic torch lighting up Archer's runway, does this stock deserve a lift into your portfolio, too? About Archer Aviation Stock California-based Archer Aviation Inc. (ACHR), founded in 2018, is building next-gen eVTOL aircraft to redefine urban air mobility. With a $5.94 billion market cap, it's advancing both commercial and defense applications. Archer's ride-share model, Archer Direct, targets quick rollout by using existing airport and helipad infrastructure. Backed by strong partners and big cash, it's set to take flight once regulators give the go-ahead. Archer Aviation's stock has been flying high, up by a staggering 213% over the past year and 77.6% in just six months. Investor enthusiasm has been fueled by steady progress toward FAA certification and major production milestones. In fact, Archer Aviation soaring 22.9% last Tuesday on the Olympics win, and another 9.1% surge came in Friday's trading session, supercharged by Cantor Fitzgerald's bullish outlook. Digging Into Archer's Q1 Earnings Results Archer Aviation's fiscal Q1 2025 results, released on May 12, read like another chapter in the high-stakes story of a pre-revenue disruptor chasing the skies. The electric air taxi maker reported a net loss of $93.4 million, though its loss per share narrowed significantly to $0.17, halving from the prior year. Adjusted EBITDA, however, dropped further into the red at negative $109 million, compared to a $86.8 million loss a year ago. Non-GAAP operating expenses landed at just $113.1 million, a clear sign it is scaling smarter as it cruises toward commercial lift-off. Despite the widening losses, Archer remains well-capitalized with over $1 billion in cash and equivalents, one of the strongest cushions in the air mobility sector. That war chest supports its ambitious roadmap, including plans to launch operations in the UAE later this year and build out a New York City air taxi network. Plus, CEO Adam Goldstein highlighted strong progress on both the civil and defense fronts, stating the team continues to deepen strategic partnerships while gearing up for commercialization. Archer also announced a partnership with Palantir Technologies (PLTR), tapping into AI and data analytics to streamline development and enhance efficiency, and potentially accelerating its go-to-market timeline. Looking ahead, Archer expects a Q2 adjusted EBITDA loss between $100 million and $120 million. Amid the ongoing cash burn, Wall Street is keeping a close eye on operational progress and the company's ability to transition from promise to profitability in the fast-approaching era of urban air mobility. Analysts tracking the company anticipate losses to shrink by 30% year over year to $0.99 per share in fiscal 2025. Archer's Midnight Aircraft Cleared for LA28 Olympic Debut Archer Aviation just scored a career-defining moment, being named the official air taxi partner for the 2028 Olympics in Los Angeles. But this is not just a branding win. It is a massive leap forward for the eVTOL industry and a potential catalyst for Archer's real-world rollout. With over 15 million visitors expected, the Games offer Archer a global showcase to prove its Midnight aircraft is ready for primetime. The plan is to fly VIPs, athletes, and fans across LA using a fleet of electric air taxis, which are quieter than helicopters and built with aviation-grade safety systems. Midnight's routes will connect Olympic hot spots like SoFi Stadium, LAX, and Santa Monica, operating from purpose-built vertiports that also represent a future blueprint for urban air mobility. This deal positions Archer as a transportation partner and as a symbol of innovation and sustainability. It may also grease the regulatory wheels for FAA certification, fast-tracking Archer's commercial ambitions in the U.S. and beyond. What Do Analysts Expect for Archer Aviation Stock? Cantor Fitzgerald's Andres Sheppard is all-in on Archer after scoring the exclusive air taxi deal for the LA28 Olympics and Team USA. The analyst reaffirmed his 'Overweight' rating and $13 price target on the news, which he sees as a game-changer. Plus, the company aims to launch its air taxi service by Q4 2025, with the UAE likely as its first stop. Sheppard's bullish take also leans on Archer's 'highest in the industry' $1 billion cash pile and deep bench of partners, such as Anduril, car manufacturer Stellantis (STLA), the U.S. Department of Defense, and United Airlines Holdings, Inc. (UAL). ACHR stock has a consensus 'Moderate Buy' rating overall. Of the nine analysts in coverage, five recommend a 'Strong Buy,' two suggest a 'Moderate Buy,' and the remaining two have a 'Hold' rating. The average price target for ACHR is $12.25, a premium of about 15.8% to current levels. The Street-high price target is $13.50.
Forbes
25-03-2025
- Business
- Forbes
Vertical Aerospace CEO: We'll Deliver A European eVTOL — For $1bn Less
Want some optimism about the eVTOL market? Talk to Stuart Simpson. The CEO of Vertical Aerospace may feel like the last man standing for eVTOLs in Europe, but he's not worried about market consolidation — the nice way to say rivals are dropping like flies — or about Virgin Atlantic ditching his own firm for American rival Joby. It's been a tough few years for Vertical Aerospace, pushing back its own timelines for certification twice — it's now set for 2028 — and struggling to win funding amid debt issues on its balance sheet. So when Stuart Simpson took over as CEO from Vertical Aerospace founder Stephen Fitzpatrick last year, he had his work cut out for him. After a bit of restructuring, at the end of last year, the company announced $50 million in funding, followed by another $90m round this year; Simpson says the investment is enough to keep Vertical Aerospace running through 2025 and beyond. Certification is still on track for 2028. Even the announcement earlier this month that former partner Virgin Atlantic was ditching Vertical Aerospace in favour of rival Joby for a UK rollout doesn't concern Simpson — nor surprise him. (And it shouldn't have surprised anyone: Delta owns a big chunk of Virgin and has invested in Joby.) Vertical Aerospace is of course not alone in wobbling towards the finish line — or the starting line, depending on how you look at it. Two other European urban air mobility (UAM) companies also hit financial turbulence at the end of 2024: Lilium and Volocopter. After declaring insolvency, the former found a funding consortium just before Christmas, but that deal has since dissolved and Lilium is presumed to now be shut for good. Volocopter suffered a similar lack of funding, and has since been snapped up by Diamond Aircraft, which is owned by China's Wanfeng Group. What happened? "There's been a real shakeout over the last six months, and it's driven by two things: physics and funding," says Simpson. By physics, he means the right design. He's not convinced by multicopter designs such as Volocopter, and while he had generous praise of Lilium's engineering and design, he notes that batteries haven't come along fast enough to enable it to work. "Whereas we have something that works… and funding is flowing to those winners." And by that, he means Vertical Aerospace as well as American rivals Archer, Joby and Beta. While money is disappearing for some companies — and seemingly in Europe — Simpson says $1.8 billion has been invested in the wider, global market in the last six months. 'This is not a market that's disappearing, this is one that's… doubling down.' Only a small slice of that money has flown to Vertical Aerospace. That doesn't worry Simpson for two reasons: first, Vertical Aerospace operates more cheaply, and second, more moneyed rivals lack the certification clarity available to his own company in the UK — yes, a CEO of an innovation company is pinning some of its success on regulators. On the regulatory front, Simpson says Vertical Aerospace has benefited from the UK's Civil Aviation Authority (CAA) linking its certification with the European Union Aviation Safety Agency (EASA), so certifying with one means certification with the other. And beyond the fact that EASA certification covers all of Europe, rather than just the UK, EASA issued guidance in 2016 about how to certify one of these new aircraft, which means companies developing them know exactly how to proceed. "You can't do that with the FAA, they still haven't quite agreed what they're doing," he says. "As a business, what you need is certainty and clarity, so you can tell the engineers — you can't do that with the FAA. It's a very opaque, challenging process." Earlier this year, the FAA signaled that eVTOL certification wouldn't happen until 2027; Joby and Archer are both targeting commercial launches this year or early next in Dubai and Abu Dhabi, respectively. Vertical Aerospace has previously said it expects to certify by 2028, and Simpson says that timeline remains on track — that means that despite any assistance from the CAA's clarity, the company isn't likely to win certification any earlier than American rivals. Beyond certification itself, Vertical Aerospace points to EASA's safety standard, referred to as 10⁻⁹ — or one in a billion — which is the acceptable probability of catastrophic failure per flight hour. "Our aircraft is being certified to the safest standards in the world," he says. "We think that is incredibly important when creating a new market, creating a new industry." Now, when it comes to larger craft, the FAA and EASA share that safety standard. But the FAA has departed from its European peer when it comes to eVTOLs, with a "safety continuum" approach that ranges from 10⁻6 to 10⁻⁹ depending on where the craft is operating and passenger capacity. None of this suggests these rival eVTOLs aren't just as safe, but the gap between regulators could raise challenges down the road when attempting to bring these aircraft to markets outside the US. That's what Simpson believes, anyway: "I think this incredible safety standard of our aircraft means we are the only globally safe aircraft." He argues that city and national authorities will favour a "safer" aircraft, but Sergio Cecutta of SMG Consulting disagrees and doesn't think there's a safety market advantage the way Simpson does. "I do not see regulators preventing US vehicles from certifying, especially in a European market with so few players that will enter the market later than US OEMs," he adds. 'We see early markets like UAE, KSA, Korea, Japan and even UK certifying the US vehicles without restrictions.' Of course, none of that matters if you can't stay in business long enough to get certified. Simpson says money is no longer a problem now that those balance sheet challenges have been solved, opening the door to investment. But he also points to how little Vertical Aerospace has spent to date — there's an industry assumption that bringing one of these machines to market will cost $1.5 to $2 billion dollars. Simpson says Vertical Aerospace will do it cheaper. 'We've spent $350 million in the last three and a bit years — a billion dollars less than everyone else. That's not a rounding error, that's serious, serious money.' No wonder he's so optimistic.
The National
22-02-2025
- Business
- The National
German air taxi developer Lilium files for insolvency again after funding options fail
German air taxi developer Lilium Aerospace has filed for insolvency for a second time, saying that it has failed to secure funding and casting doubt on its ability to fulfil orders. The company, which had initially entered administration in October, said in a brief statement that 'funding options to secure Lilium's future have not materialised in time', forcing it to file for insolvency. 'While talks about alternative solutions are still ongoing, the chance [of] restructuring right now is highly unlikely and therefore operations will be stopped,' the statement said. '[Given] the situation, this is deeply regretful for all employees and Lilium Aerospace thanks them for their resilience and dedication.' Lilium, based in Bavaria, has been developing electric vertical take-off and landing (eVTOL) jets, a new class of EV designed to take off, hover and land vertically, much like a helicopter. They are powered by electric propulsion systems, making them eco-friendly and quieter than helicopters. The company completed test flights of the world's first electric flying taxi jet in 2017. The eVTOL market was hyped for its capabilities and support for achieving sustainability goals, but some makers have hit turbulence. In December, air taxi maker Volocopter filed for bankruptcy, citing financial difficulties. The company, also based in Germany, plans to develop and enact a 'restructuring concept' by the end of February, it added. UK-based Vertical Aerospace sought emergency funding last year, shortly before Lilium's first insolvency. In November, Rolls-Royce pulled out of the electric flying taxi sector after chief executive Tufan Erginbilgic signalled the British engineering firm would focus on profitable contracts. It is unclear what Lilium's next steps are, or what the insolvency means for signed agreements to supply jets. In July last year, aviation conglomerate Saudia Group signed a binding agreement with Lilium to buy 50 eVTOLs. The agreement included an option to buy another 50 jets, and Saudia expected to receive the first jets in 2026. The jets would have had cabin capacity for up to six passengers, plus luggage room. That followed Saudia's initial agreement with Lilium, in October 2022, to buy 100 Lilium aircraft for its domestic network. Lilium had touted the 'tremendous opportunities' in the Middle East, particularly the GCC, where the development of megacities calls for ways to minimise traffic and slash carbon emissions. The company had made waves, earning backing from Saudi Arabia's Future Investment Initiative Institute. In 2021 the institute invested in Lilium as part of a $3.3 billion transaction that helped the company list on the Nasdaq Composite in New York. Former Airbus chief executive Tom Enders joined Lilium's board in the same year.
