The U.S. Air Force is blowing its money on electric vertical takeoff and landing (eVTOL) aircraft, according to a report released last month.
Manufacturers of novel eVTOL aircraft—designed to take off and land vertically like a helicopter but cruise on fixed wings like an airplane—have raised billions of dollars in venture capital. The FAA’s Innovate28 plan even predicts they will be a regular occurrence in U.S. skies by the time the 2028 Los Angeles Olympic Games arrive.
