industryDroneDJJul 3, 20261 min read

Elroy Air eyes Nasdaq debut with $1 billion valuation

Quick summary

Autonomous cargo drone maker Elroy Air is preparing for its next big chapter. The California-based company has announced plans to go public through a merger with a special purpose acquisition company (SPAC), giving it the funding needed to ramp up production of its heavy-lift Chaparral drone for both military and commercial customers.

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Elroy Air eyes Nasdaq debut with $1 billion valuation

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