Pardoned Nikola Founder Trevor Milton Plans to Raise $1 Billion, Betting on AI Autonomous Flying Vehicles

DeepFlowTech · 2026-03-19T04:30:45+00:00

Nikola founder Trevor Milton is planning to enter the AI aviation field by acquiring SyberJet Aircraft and raising $1 billion in financing to build AI-core light jets. He has recruited former employees and is seeking investor support from Saudi Arabia and other regions, with the goal of developing new avionics systems and entering the defense market.

DeepFlowTech

2026-03-19 04:30:45

Abstract generation in progress

Deep Tide TechFlow News, 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 support 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 new avionics system from scratch, creating the “first lightweight jet with AI flight as its core,” thereby opening up the defense contract market.

Milton admits that building an aircraft is “ten times more difficult” than making Nikola.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes