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MarketBeat
MarketBeat
Chris Markoch

Blade Mobility Stock Soars—Is This SPAC Finally Taking Off?

[content-module:CompanyOverview|NASDAQ:BLDE]

Blade Mobility provides air transport alternatives with a fleet of helicopters, private jets, turboprops, and amphibious seaplanes. The company’s business is divided into Medical Services and Passenger Services verticals. The Medical Services vertical is about organ transport (primarily hearts, livers, and lungs), accounting for 58% of the company’s revenue. This business includes contractual relationships with transport hospitals.

That leaves about 42% of the company’s revenue in Passenger Services. This includes short-distance flights between 10 and 100 miles as well as long-distance private jets.

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