A struggling VTOL aircraft developer bought the country’s largest drone retailer and took $25 million from a Trump Jr.-linked component maker that we’ve already covered. The deal turned a bet on one aircraft into a bet on the entire domestic drone industry focused on retail and commercial use cases. Then, three weeks ago, its CEO resigned in the middle of an internal governance review. This isnt where the story ends, rather, where it begins. Here’s why I believe they have what it takes to dominate the commercial drone space in the wake of China’s FCC bans.
