It’s been almost a year now that Trevor Milton, founder of bankrupt electric truck startup Nikola sorry By President Trump. Now, the Wall Street Journal has published one of the first in-depth Milton’s new effort: Attempt to build autonomous aircraft.
Milton and an “investment group” bought a struggling aviation company called Cyberjet Aircraft late last year, and have since spent a lot of time trying to turn the company around. According to the report, this included bringing in “dozens” of former Nikola employees, soliciting potential investors from Saudi Arabia, and spending a few hundred thousand dollars on lobbying.
He reportedly wants to design an entirely new avionics system from the ground up that would help the company build “the first light jet focused on artificial-intelligence flight,” which could open the door to defense contracts. But Milton, who was Convicted of fraud in 2022Told the newspaper that he thought the planes would be “10 times more tough than Nikola”.
