Reportedly, Boeing (BA) is investing another $450 million in Wisk Aero to support the development of future pilotless flying taxis. California-based Wisk is one of the dozens of electric vertical take-off and landing makers but differs in focusing its efforts on an autonomous flight. Wisk is owned by Boeing and Kitty Hawk, the air vehicle firm launched by Larry Page, the Google co-founder.
Boeing informed it would be the first autonomous passenger-carrying vehicle in the U.S to be certified. It did not give a date, but as per sources, it is believed that the idea was to present it for certification in around 2028. The aerospace giant owns an undisclosed majority stake in Wisk. In a statement, Wisk informed that a $450 million investment from Boeing would make it “one of the most well-funded” companies of its type, but gave no further details.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.