Gate News reports that on March 19, according to TechCrunch, Trevor Milton, the founder of Nikola who was convicted of fraud and later pardoned by President Trump, is planning to enter the AI aviation industry. Milton, along with an investment group, acquired the struggling aircraft company SyberJet Aircraft at the end of last year and plans to raise $1 billion to facilitate its transformation. It is reported that Milton has recruited dozens of former Nikola employees and is actively seeking funding from potential investors in Saudi Arabia and other regions, while also investing hundreds of thousands of dollars in lobbying activities. His main goal is to develop a brand-new avionics system from scratch, creating the “first lightweight jet with AI flight as its core,” and to leverage this to open up the defense contract market. Milton admits that building an airplane is “ten times more difficult than making Nikola.”
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