News Summary

Trevor Milton, the founder of the now-bankrupt electric truck startup Nikola, is making headlines again as he attempts to raise $1 billion for a new venture focused on AI-powered planes. After being pardoned by President Trump, Milton acquired SyberJet Aircraft with an investment group and is working on revamping the company. His plan involves designing a new avionics system aimed at creating the first light jet with artificial-intelligence flight capabilities, potentially opening opportunities for defense contracts. Despite his previous conviction for fraud, Milton is committed to this ambitious project, which he acknowledges may be significantly more challenging than his previous endeavors.