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Why Wall Street thinks flying taxis can replace helicopters

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Archer Air

Source: Archer Air

The current bull market in stocks has fueled concerns about speculation in too many offerings and unproven technologies, but don’t include flying taxis, according to Wall Street investment banker Ken Moelis.

Flying taxis — formally referred to as electric aircraft and the urban air mobility market — are coming in the near future and they can replace helicopters, Moelis and Company CEO and founder Ken Moelis told CNBC earlier this week.

“These vehicles will be 100 times quieter, they will be significantly safer, they’ll be significantly cleaner and significantly cheaper,” Moelis told CNBC’s Squawk Alley on Thursday.

On Wednesday, electric aircraft start-up…



Source cnbc.com

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