Rachel Warren

It makes Eve its biggest customer.

And it also really secures crucial propulsion system technology for Eve's backlog of almost 3,000 Aftol aircraft.

And I think it also highlights the growing consolidation that we're seeing in this space.

You know, there's a lot of players here, like Lou mentioned, both domestically as well as outside of the U.S., and that creates a lot of opportunity.

But I do think we're going to continue to see this element of consolidation.

EVE, for its part, they do take a more holistic approach to urban air mobility.

You know, they're looking to sell their EVTOL aircraft.

They also are building out this global support network and what they call their urban air traffic management software that they want to sell.

So a lot of interesting things happening there.

And of course, they leverage the expertise of their former parent company and majority stakeholder Embraer to develop, produce, and service their aircraft.

So pretty interesting business to watch.

This was certainly a great development for them.

I mean, I think that's possible.

And I think also just given the fact that these companies like the Archers and Joby's are partnering with so many solid quality publicly traded businesses, it gives us as investors a lot of different ways to gain exposure to this space.

And I do think it's really fascinating to see all the different models that companies are exploring, which Lou outlined really well.

You've got this kind of traditional idea where

Some of these eVTOL developers could act as the original equipment manufacturer, and they could sell their aircraft to various customers, airlines, charter companies, and so forth.

There could be this blended approach where maybe they sell aircraft but retain an ownership stake.

Obviously, you've got companies that are looking at operating their own fleet of eVTOLs as public air taxi services.

That's where the Ubers and Lyfts of the world could come in, similar to how modern helicopter services operate.