Wall Street Ignored BYD. It Might Miss This Company Too.

When most investors were chasing Tesla, a different electric vehicle company was quietly building the largest EV footprint on the planet.

BYD, backed by Warren Buffett’s Berkshire Hathaway, didn’t launch with fanfare or flash.

It focused on one thing: electrifying overlooked vehicle categories—buses, delivery vans, sedans for the Chinese middle class.

And while Tesla captured headlines, BYD captured market share.

In 2023, it became the world’s top-selling EV manufacturer, surpassing Tesla in total sales.1

Its stock didn’t explode overnight. It built over time—delivering for investors who recognized the power of real revenue, real production, and real government alignment.

Now, that same model is coming to aviation.

And just like BYD, one company is quietly building the infrastructure, locking in OEM partnerships, expanding global routes, and electrifying one of the most overlooked transportation categories in the world: regional air travel.

The next frontier isn’t roads. 

Its runways—specifically, thousands of short-haul routes connecting America’s overlooked regional airports. A market projected to top $115 billion globally by 2035 according to McKinsey & Company.2

And there’s a company that’s already laying the foundation today with a network of combustion aircraft, developing the necessary technology for the future, and locking in major OEM deals.

They’re not doing it alone either.

They’ve formed a deep alliance with Palantir Technologies (NASDAQ:PLTR)—the same $430 billion AI powerhouse that helped the US military track terrorists and supported the CDC during the CV-19 crisis.3

Palantir doesn’t just write code—they build mission-critical systems

And now, they’re embedding that firepower into a new aviation platform that could disrupt how people fly in the same way Uber changed how we get around town.

This isn’t about waiting for futuristic flying cars.

This is about a real, operational business—one that flew 312,000 passengers on over 63,000 flights and generated ~$108 million in revenue over the last 12 months ended September 30, 2025.4

It’s backed by the team at Palantir. And it’s building the future of regional air travel right now.

The name?

Surf Air Mobility Inc. (NYSE:SRFM).

The Airline Most People Have Never Heard of — But Could Soon Be Flying With

Surf Air Mobility Inc. (NYSE:SRFM) isn’t some speculative moonshot.

It’s already one of the largest commuter airlines in the US by scheduled departures and the largest passenger operator of Cessna Grand Caravan aircraft in the US.

And in Q3 2025, Surf Air Mobility Inc. (NYSE:SRFM) delivered what few in this space have:
Results.

Revenue came in at $29.2 million, exceeding the company’s guidance.5

And they did it while beginning to roll out one of the most ambitious AI-enabled software platforms in aviation.

It’s called SurfOS.6

And it’s being developed with Palantir Technologies (NASDAQ:PLTR), the same $317 billion AI powerhouse that built battlefield intelligence systems for the Pentagon and helped track global disease outbreaks for the CDC.

And they didn’t just partner, they’re the largest investor.

Palantir is the largest shareholder in Surf Air Mobility Inc. (NYSE:SRFM).

SurfOS is aiming to be the brain of the next-gen aviation.

It’s aiming to be the brain of the next-gen regional airline.

image2 3 Wall Street Ignored BYD. It Might Miss This Company Too.

And while most “air mobility” stocks are still pre-revenue science projects…

Surf Air Mobility Inc. (NYSE:SRFM) flew over 320,000 passengers in the last 12 months.7

SRFM aircraft Wall Street Ignored BYD. It Might Miss This Company Too.

With electrification agreements in place, a Cessna Caravan re-fleeting strategy underway, and a transformation plan firing on all cylinders…

This isn’t a sketch on a whiteboard.

It’s a real business, with real momentum, and a very real chance to lead a $100B+ aviation revolution.

And investors are taking notice. 

In June 2025, Surf Air Mobility (NYSE:SRFM) secured $27 million in fresh capital through a registered direct offering.8 

With the proceeds aimed at continuing to improve its airline operations, reducing debt and fueling its electrification and software rollout, SRFM is tightening its grip on one of the most overlooked opportunities in modern aviation.

Here are the 8 biggest reasons Surf Air Mobility Inc. (NYSE:SRFM) deserves a spot on your radar, before Wall Street figures it out.

Why are investors looking at Surf Air Mobility?
Air travel is shifting quickly as passengers seek more adaptable, cost‑effective, and eco‑friendly ways to get around. The regional air mobility market is now anticipated to reach $75 to $115 billion by 2035. With established operations, a trusted brand, and exclusive relationships with Palantir and Textron Aviation, Surf Air Mobility (NYSE:SRFM) is building an integrated platform that could redefine the future of regional air travel.

8 Reasons

Surf Air Mobility Inc. (NYSE:SRFM) Could Be the Next Aviation Tech Stock to Get Noticed

1

They’re Already Flying: Most “air mobility” stocks are still pre-revenue. Surf Air Mobility (NYSE:SRFM) flew 312,000 passengers in the last 12 months across 63,000 flights, making it one of the largest commuter airlines in the US by scheduled departures.

2

They’re Hitting a Major Inflection Point: In Q3 2025, Surf Air (NYSE:SRFM) reported $29.2 million in revenue, marking a 40% increase compared to Q2.9

3

Backed by Palantir’s AI Firepower: Palantir Technologies (NASDAQ:PLTR)—the $430 billion AI company behind US military and intelligence systems, is the largest shareholder in Surf Air Mobility Inc. (NYSE:SRFM). Palantir is powering Surf Air Mobility’s SurfOS software, an AI-powered aviation operating system set to redefine short-haul air travel.

4

Electrification: Surf Air Mobility (NYSE:SRFM) is deepening its push into electric aviation through a new agreement with Electra.aero, securing preferred delivery positions for 90 of Electra’s eSTOL aircraft that can operate from short runways while cutting emissions and lowering costs, a move that complements Surf Air’s Textron partnership and positions Electra’s next-gen technology at the core of its regional network strategy.10

5

SurfOS Is Already Gaining Traction: SurfOS isn’t vaporware. They already have agreements with eight beta users. SurfOS is aiming to become the operating system for regional air mobility.11

6

Major Institutions Are on Board: Beyond Palantir, heavyweight investors like BlackRock, Vanguard, and Goldman Sachs have taken positions in Surf Air Mobility Inc. (NYSE:SRFM).

7

A Transformation Plan That’s Underway: Surf Air Mobility is executing a four-phase transformation strategy: Transformation, Optimization, Expansion and Acceleration. They’re currently in Phase 2 and on track.

8

A $100+ Billion Market Hiding in Plain Sight: The global market for regional air mobility is projected to hit $75–115 billion by 2035. With real operations, software, and electrification plans already in motion, Surf Air Mobility Inc. (NYSE:SRFM) is positioning itself to lead the entire category.

BYD Quietly Dominated EVs. Could Surf Air Mobility Inc. (NYSE:SRFM) Do the Same in Aviation?

While Wall Street was distracted by Tesla’s headlines, one company was quietly electrifying the world’s largest car market.

That company was BYD.

It didn’t need viral tweets or hype cycles. It simply focused on execution—building electric buses, trucks, and affordable EVs for the masses.

Backed by Warren Buffett’s Berkshire Hathaway, BYD scaled quietly… until one day, it passed Tesla as the world’s top-selling EV maker.

Now, that same quiet disruption could be unfolding in the sky.

Could Surf Air Mobility Inc. (NYSE:SRFM) do for regional air travel what BYD did for road-based transport?

  • Retrofitting existing platforms with electric powertrains once the technology is certified instead of starting from scratch
  • Scaled routes and operations long before its competitors
  • And embedding its infrastructure with powerful software—this time, with Palantir’s data and AI platforms running the system

While others are still building prototypes and chasing certification, Surf Air (NYSE:SRFM) flew over 312,000 passengers and generated ~$108 million in revenue in the last 12 months.12

That’s not a pitch. That’s proof.

And like BYD, it’s playing the long game—focusing on electrifying a category most have overlooked: short-haul, regional air travel.

It’s early. It’s under the radar. And it’s backed by institutional capital and a strategic partner in Palantir Technologies (NASDAQ:PLTR).

If BYD taught us anything, it’s that quiet execution can lead to global dominance.

Surf Air Mobility Inc. (NYSE:SRFM) might just be next.

The EV Air Race Is Crowded — But Only One Company Is Actually Flying

Billions have poured into flashy air taxi startups.

From Joby to Archer to Lilium, these companies are building futuristic aircraft with the promise of transforming how we fly.

But there’s one big problem: none of them are generating meaningful revenue.

They haven’t been certified. They’re not carrying passengers. And in most cases, they’re still burning hundreds of millions just to stay airborne on paper.

Now take a look at Surf Air Mobility Inc. (NYSE:SRFM).

This company flew over 312,000 passengers in the last 12 months with its fleet of Cessna Caravan aircraft, has $108 million in revenue,13 a planned path to profitability and it’s trading at a fraction of the value of its rivals.

Let’s break down how Surf Air Mobility Inc. (NYSE:SRFM) stacks up against the rest of the sector:

SRFM chart Wall Street Ignored BYD. It Might Miss This Company Too.

Why Surf Air Mobility Inc. (NYSE:SRFM) Looks Like the Smart Play

While the market is infatuated with eVTOL prototypes, Surf Air Mobility Inc. (NYSE:SRFM) is quietly doing what these other companies are still dreaming about: generating real revenue, flying real passengers, and building real technology infrastructure.

Let’s break this down:

  • Revenue Reality Check: Joby, Archer, Lilium, and Vertical Aerospace are all pre-revenue. Some have made test flights. None have passengers. Meanwhile, Surf Air Mobility (NYSE:SRFM) generated $108 million in the last 12 months, and flew over 312,000 passengers.16
  • Valuation: Despite delivering operational success, Surf Air’s market cap is just ~$175 million, a fraction of its revenue. Compare that to Joby or Archer, trading at 70x–100x revenue multiples.
  • Electrification Platform: While others are trying to certify new aircraft from scratch (a multi-billion dollar gamble), Surf Air Mobility Inc. (NYSE:SRFM) plans to use its platform to bring new electrified aircraft technologies to market, which has the potential to drastically reduce time, cost, and risk to commercialization.
  • Software-as-a-Service Upside: SurfOS, their AI-powered regional air mobility operating system powered by Palantir Technologies has already rolled out to beta users.
  • Palantir’s Backing: Let’s not forget, Palantir is the largest shareholder in SRFM.17
Why are investors looking at Surf Air Mobility?
Air travel is shifting quickly as passengers seek more adaptable, cost‑effective, and eco‑friendly ways to get around. The regional air mobility market is now anticipated to reach $75 to $115 billion by 2035. With established operations, a trusted brand, and exclusive relationships with Palantir and Textron Aviation, Surf Air Mobility (NYSE:SRFM) is building an integrated platform that could redefine the future of regional air travel.

The Setup Is There. Now Let’s Look at Who’s Already In

If investors had paid closer attention to BYD before it overtook Tesla…

They might’ve realized that the quietest plays often become the biggest winners.

Surf Air Mobility Inc. (NYSE:SRFM) could be one of those plays.

With real revenue, AI software, and planes in the sky—might just be the most overlooked opportunity in the entire aviation tech sector.

But here’s the part the market might not have caught up to yet:

Some of the smartest money in tech already knows.

Start with Palantir Technologies (NYSE:PLTR), arguably one of the most powerful AI firms on the planet.

As we mentioned, Palantir is heavily invested in Surf Air Mobility‘s (NYSE:SRFM) success.

But Palantir isn’t alone.

Institutional investors hold approximately over 17% of Surf Air Mobility’s (NYSE:SRFM) stock.18 Notable institutional shareholders include:​19

  • Palantir Technologies Inc.: Holding a significant position
  • HRT Financial: Owns 1.4%​
  • Vanguard: Holds a 1.3% stake

Meanwhile, analysts are starting to wake up.

  • HC Wainwright & Co.: Initiated coverage with a “Buy” recommendation on March 7, 2025.20
  • The average 12-month price target is $6.58, a projected gain of 65% from here.21

This can be what it looks like just before Wall Street catches up.

Low float. Institutional backing. Analyst upgrades.  A clear operational plan.

All the pieces seem to be falling into place Surf Air Mobility (NYSE:SRFM)

The Path Forward in Regional Aviation And What’s Coming Next

Executional momentum is building for Surf Air Mobility Inc. (NYSE:SRFM).

The company isn’t just fine-tuning operations. It’s actively executing on a four-phase transformation plan designed to optimize its airline business, develop its software technology, and bring electrified aviation to life.

Phase 1? Done. They secured a $50 million term loan,22 overhauled their capital structure, exited unprofitable routes, and slashed liabilities by more than $42 million.

Now Surf Air Mobility Inc. (NYSE:SRFM) is in Phase 2: Optimization. And here’s where things get really interesting.

They’ve already:

  • Relocated their Air Operations Center to Addison, Texas, a suburb of Dallas—placing them in the heart of one of America’s top aviation hubs.
  • Hired elite leadership from Southwest Airlines, Flexjet, and Bombardier to run operations with military-level efficiency.
  • Delivered four brand-new Cessna Grand Caravan EX aircraft from Textron Aviation to refresh their fleet and prep for future electric upgrades.

image15 1 Wall Street Ignored BYD. It Might Miss This Company Too.

And they’re not stopping there.

In 2025, Surf Air Mobility Inc. (NYSE:SRFM) plans to:

  • Achieve profitability in airline operations (defined by positive adjusted EBITDA)
  • Roll out SurfOS internally and to more third-party beta users, with the potential to open a new high-margin software revenue stream
  • Secure FAA certification milestones tied to their electrified powertrain, targeting a 2027 Supplemental Type Certificate (STC) for the Cessna Grand Caravan23

On top of that, they’re working to create a new venture called Surf Air Technologies, a dedicated venture focused on commercializing SurfOS. The company has even stated it’s considering bringing in outside investors to fund this separately.

Internationally, MOUs are already in place to electrify commuter fleets in Brazil and Kenya once the technology is certified, opening up first-mover advantages in emerging markets where regional air travel is essential.

And with new FAA subsidies approved in 2024, providing potential tailwinds to Surf Air’s subsidized essential air routes.24 

This is key, because while rivals are still trying to certify futuristic prototypes…

Surf Air Mobility Inc. (NYSE:SRFM) is already embedding itself into the backbone of regional air infrastructure.

This isn’t a long-term science experiment.

This is a near-term commercial story with real milestones.

Meet the Team Powering the Future of Regional Air Travel

Behind every breakout company is a team that’s been there before.

Surf Air Mobility Inc. (NYSE:SRFM) isn’t being run by dreamers or theorists. It’s being led by aviation heavyweights, seasoned operators, and Silicon Valley veterans who know how to scale complex businesses.

Here’s who’s driving the next evolution in flight:

image16 Wall Street Ignored BYD. It Might Miss This Company Too.Deanna WhiteInterim CEO and COO

Deanna isn’t just an executive—she’s an aviation veteran. She previously served as COO of Kitty Hawk, the electric air taxi company backed by Google co-founder Larry Page. She led the commercialization of Kitty Hawk’s eVTOL platform, which was ultimately folded into Wisk Aero, now owned by Boeing. She was also CEO and CFO of Bombardier Flexjet, one of the largest private aviation firms in the world. Deanna’s not guessing at what comes next. She’s already helped build it. Now she’s focused on profitability.
image8 1 Wall Street Ignored BYD. It Might Miss This Company Too.Oliver ReevesChief Financial Officer

Oliver brings nearly 20 years of experience in tech and finance. He’s held senior roles in investment management, software, and insurance—most recently serving as Chief Strategy Officer at Xinuos. At Surf Air (NYSE:SRFM), he’s been instrumental in executing the company’s capital restructuring, debt management, and transformation plan—including the recent $50 million term loan and $5 million direct offering.
image13 Wall Street Ignored BYD. It Might Miss This Company Too.Sudhin ShahaniCo-Founder

Sudhin is the visionary who started it all. An early investor in media, aviation, and education, he has raised over $400 million in capital for Surf Air and built the relationships that led to partnerships with Textron Aviation and Palantir Technologies. He’s the glue between tech and aviation—and the architect of the SurfOS strategy.
image3 1 Wall Street Ignored BYD. It Might Miss This Company Too.Carl AlbertChairman

Carl is no stranger to building airlines. He previously served as Chairman & CEO of Wings West Airlines, later acquired by AMR (American Airlines). He also ran Fairchild Aircraft, and oversaw regulatory programs with both the FAA and EASA. He’s brought aircraft through certification, scaling, and acquisition—and he knows how to play the long game.
Bob WaltzVP of Flight Operations

Bob is a 30-year aviation and military veteran, with leadership roles at Southwest Airlines and Sun Country. As a check pilot and former Director of Operations for 4,000+ daily flights, he knows exactly how to keep airlines running efficiently and safely at scale.
Linda MacAskillDirector of System Operations Center

Linda has spent over two decades running large-scale aviation ops for names like Bombardier, JetSuite, and Flexjet. She’s now leading Surf Air’s transition to centralized operations in Dallas—a key move for boosting efficiency and margins as the company scales.

With this kind of leadership—people who’ve built, scaled, and sold billion-dollar aviation platforms before—Surf Air Mobility Inc. (NYSE:SRFM) is in good hands.

The Sky Isn’t the Limit. It’s Just the Beginning.

We’ve seen this setup before.

A bold team. A real product. Flowing revenue. Strategic backing from billion-dollar partners. And a massive market hiding in plain sight.

Surf Air Mobility Inc. (NYSE:SRFM) isn’t some distant moonshot. This is a real, operational business, with planes in the air, contracts on the books, and a roadmap that’s already in motion.

They’re working on electrification and AI software.

While the rest of the market is distracted by hype and prototypes, Surf Air Mobility Inc. (NYSE:SRFM) is building for the next aviation revolution, and it’s already happening.

But here’s the thing…

The biggest moves in stocks like this often happen before the headlines.

That’s why we recommend taking a closer look.

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Why are investors looking at Surf Air Mobility?
Air travel is shifting quickly as passengers seek more adaptable, cost‑effective, and eco‑friendly ways to get around. The regional air mobility market is now anticipated to reach $75 to $115 billion by 2035. With established operations, a trusted brand, and exclusive relationships with Palantir and Textron Aviation, Surf Air Mobility (NYSE:SRFM) is building an integrated platform that could redefine the future of regional air travel.

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