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 replaced government funding as the primary driver of innovation in the aerospace industry, ending a period of slowed innovation since the Cold War.
This influx of VC funding is fueling a boom in new aerospace startups across diverse sectors, including space (e.g., SpaceX), urban air mobility (eVTOLs like Joby Aviation), and general aviation (e.g., Icon Aircraft).
The significant capital investment and resulting technological advancements are expected to make aviation safer, more efficient, more economical, and attract new talent, ultimately benefiting the industry as a whole.
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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