Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
It’s been almost exactly one year since Trevor Milton, the founder of now-bankrupt electric truck startup Nikola, was pardoned by President Trump. Now, the Wall Street Journal has published one of the first deep dives into Milton’s new effort: trying to build autonomous planes.
Milton and an “investment group” purchased a downtrodden aviation company called SyberJet Aircraft late last year, and has spent the time since trying to turn the company around. That involves bringing in “dozens” of former Nikola staff, soliciting possible investors from Saudi Arabia, and spending a few hundred thousand dollars on lobbying, according to the report.
He reportedly wants to design an entirely new avionics system from the ground up that will help the company create the “first light jet to focus on artificial-intelligence flight,” which could open up the door for defense contracts. But Milton, who was convicted of fraud in 2022, told the newspaper that be thinks planes will be “10 times harder than Nikola ever was.”
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Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
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