Overview
Trevor Milton, the founder of the bankrupt electric truck startup Nikola, is attempting to raise $1 billion to develop AI-powered planes through his newly acquired company, SyberJet Aircraft. He aims to create an advanced avionics system for a light jet focused on artificial intelligence, potentially opening doors for defense contracts. Milton is seeking investors, including from Saudi Arabia, and has brought in former Nikola staff to aid in the turnaround effort.
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Investors: Saudi Arabia
Trevor Milton, the founder of the bankrupt electric truck startup Nikola, is attempting to raise $1 billion to develop AI-powered planes through his newly acquired company, SyberJet Aircraft. He aims to create an advanced avionics system for a light jet focused on artificial intelligence, potentially opening doors for defense contracts. Milton is seeking investors, including from Saudi Arabia, and has brought in former Nikola staff to aid in the turnaround effort.