"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."
"Milton, who was convicted of fraud in 2022, told the newspaper that be thinks planes will be "10 times harder than Nikola ever was.""
Trevor Milton, founder of the defunct electric truck company Nikola, has pivoted to a new venture in aviation following his presidential pardon. Milton and an investment group acquired SyberJet Aircraft and are working to revitalize the struggling company. The effort includes recruiting dozens of former Nikola employees, pursuing investment from Saudi Arabia, and allocating several hundred thousand dollars toward lobbying activities. Milton's vision centers on developing an entirely new avionics system to create the first light jet with artificial-intelligence flight capabilities, potentially enabling defense contracts. Despite acknowledging that aviation presents significantly greater challenges than his previous venture, Milton continues pursuing this ambitious aerospace initiative.
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