HOVR Stock Rockets as Horizon Aircraft Lands Pratt & Whitney Engine Partnership
New Horizon Aircraft is focused on certifying and producing its Cavorite X7, a 7-seat hybrid-electric VTOL aircraft. The company envisions a first flight-worthy prototype within ~18 months and full production by the late-2020s. CEO Brandon Robinson said the successful May 2025 test flight “was already an incredible year for the technical team,” and now they are pushing toward full-scale design completion Verticalmag. Horizon notes it has the cash runway and partnerships to achieve these goals Sec Sec. Financially, Horizon remains pre-revenue. Its Q1 FY2026 report did not list sales, only R&D expenses. The company reported a loss per share and noted EPS slightly missed expectations Marketbeat, but emphasized instead the non-financial progress and funding. For example, management stressed a “streamlined” cost base and successful funding rounds, saying these give it 18+ months of operating capital Sec. This liquidity cushion is a key part of future forecasts: with a solid balance sheet and new technical milestones, Horizon expects to accelerate development.
