Trevor Milton, the founder of bankrupt electric truck startup Nikola, is attempting a return to the technology sector with a new venture focused on artificial intelligence-powered aircraft.
Milton is seeking to raise $1 billion to fund the development of advanced business jets equipped with AI-driven flight systems. The effort follows his acquisition of SyberJet Aircraft, a struggling business jet manufacturer, as part of a broader plan to revive the company and reposition it around next-generation aviation technology.
The move comes after a turbulent period in Milton’s career. Nikola, once valued at $34 billion, collapsed after its products failed to reach commercial viability. Milton was convicted of fraud in 2022 and sentenced to four years in prison in 2023, but was later pardoned by former President Donald Trump before serving his sentence.
AI Aviation Ambitions
Milton’s new venture aims to build what he describes as a high-performance business jet with extended range and speed, supported by a newly designed avionics system centered on artificial intelligence. The system would be developed from the ground up, with the goal of enabling more autonomous flight capabilities.
According to reports, the company is exploring the concept of an “AI-first” aircraft, where software plays a central role in navigation, decision-making, and operational efficiency. Such capabilities could have applications beyond commercial aviation, including potential use in defense contracts.
To support the effort, Milton has recruited dozens of former Nikola engineers, leveraging existing technical talent familiar with complex systems development. The company is also engaging with potential investors in the United States and the Middle East, including outreach to Saudi-backed funding sources.
High Risk, Uncertain Outcome
Despite the ambition of the project, Milton has acknowledged the challenges involved. He reportedly described aircraft development as significantly more complex than his previous work in electric vehicles, highlighting the technical, regulatory, and financial barriers facing the venture.
Developing a new aircraft platform requires extensive certification, safety validation, and capital investment, often spanning many years before reaching commercial deployment. Integrating advanced AI systems into aviation further increases complexity, particularly given strict regulatory standards governing autonomous or semi-autonomous flight technologies.
Milton has indicated that the probability of success is low, underscoring the speculative nature of the initiative. The project also faces reputational challenges, given his prior conviction and the collapse of Nikola.
Still, the effort reflects a broader trend of applying artificial intelligence to transportation systems, including aviation. Companies and governments are increasingly exploring AI-driven automation to improve efficiency, reduce pilot workload, and enable new operational models.