The round, led by Prysm Capital, will fund the company's expansion beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
Airbound's ultra-lightweight approach to drone delivery has attracted backing from Greenoaks, DoorDash, and Silicon Valley investor Lachy Groom.
The AI hedge fund went from "the talk of Wall Street" to "subject of federal subpoenas" faster than you can say "diversify your portfolio."
We all knew it was coming. The expected valuation may surprise, though.
The president bought when the stock was in the mid-$150 range. SpaceX finished trading on Monday back at its IPO price of $135.