Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
He told the Wall Street Journal he thinks autonomous planes will be "10 times harder than Nikola ever was."
TL;DR
- Trevor Milton, founder of Nikola, has a new venture focused on building autonomous planes.
- He and an investment group purchased SyberJet Aircraft and are trying to revitalize the company.
- Dozens of former Nikola staff have been brought in, and potential investors from Saudi Arabia are being contacted.
- Milton plans to create a new avionics system for "artificial-intelligence flight" in light jets.
- He anticipates this new challenge will be significantly harder than his previous work with Nikola.
- Milton was convicted of fraud in 2022 and pardoned by President Trump approximately one year ago.