FLYING CEO Craig Fuller says the aviation industry is on the verge of an age of innovation the likes of which we've not seen in decades.Adobe Stock
Key Takeaways:
Venture capital has become the primary driver of innovation in the aerospace industry, replacing government funding that had diminished after the Cold War.
This influx of private capital is fueling significant advancements across various sectors, including space exploration, urban air mobility (eVTOLs), and general aviation.
The increased investment and startup activity are expected to lead to safer, more efficient, and more economical aviation technologies, while also attracting new talent and pushing regulatory boundaries.
The amount of capital that is pouring into the aerospace industry from venture capitalists will have a profound impact on the future of aviation.
During the 20th century, much of the capital invested in aerospace came from governments, directed toward spending in military and space. When the Cold War ended, a lot of capital dried up, and innovation slowed.
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