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Nexio Global Media > Business > Pardoned Nikola Founder Trevor Milton Seeks $1B for AI-Powered Planes in US Venture
Business

Pardoned Nikola Founder Trevor Milton Seeks $1B for AI-Powered Planes in US Venture

Nexio Studio Newsroom
Last updated: March 18, 2026 2:00 pm
By Nexio Studio Newsroom 6 Min Read
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Disgraced Nikola Founder Trevor Milton Pivots to Autonomous Aviation Venture Amid Legal Scrutiny

Contents
From Electric Trucks to AI Jets: Milton’s Controversial ReinventionA Checkered Past Looms LargeIndustry Skepticism and Technical HurdlesThe Road Ahead: Redemption or Repeat?

By [Your Name], Senior Correspondent

Phoenix, Arizona – Nearly one year after receiving a controversial presidential pardon for his securities fraud conviction, Trevor Milton, the embattled founder of defunct electric truck maker Nikola, is attempting an audacious comeback—this time in the high-stakes world of autonomous aviation. According to an investigative report by The Wall Street Journal, Milton has quietly acquired struggling aircraft manufacturer SyberJet and is assembling a team of former Nikola employees to develop what he claims could be the “first AI-powered light jet,” with potential applications in defense and commercial markets.

The move marks a dramatic pivot for Milton, whose reputation was left in tatters following his 2022 conviction for defrauding investors by exaggerating Nikola’s technological capabilities. Yet, undeterred by past failures—or the skepticism they invite—the entrepreneur is now betting on an industry even more complex than zero-emission trucks. “Planes will be 10 times harder than Nikola ever was,” Milton admitted to the Journal, acknowledging the steep challenges ahead.

From Electric Trucks to AI Jets: Milton’s Controversial Reinvention

Milton’s latest venture began taking shape in late 2023, when an investment group linked to him acquired SyberJet, a small, financially troubled aircraft manufacturer known for its SJ30 light business jet. Since then, Milton has reportedly brought in “dozens” of former Nikola engineers and executives, signaling his intent to overhaul SyberJet’s technology stack. Sources familiar with the matter say the company is now focused on designing an entirely new avionics system built around artificial intelligence, with ambitions to eventually produce autonomous or semi-autonomous aircraft.

The long-term vision, as described by insiders, includes securing defense contracts—a lucrative but fiercely competitive sector where startups often struggle to gain traction. Milton’s team has already begun courting potential investors, including entities in Saudi Arabia, and has spent hundreds of thousands of dollars on lobbying efforts in Washington, D.C., according to regulatory filings reviewed by the Journal.

A Checkered Past Looms Large

Milton’s pivot to aviation comes with significant baggage. In October 2022, a federal jury found him guilty of three counts of fraud for misleading investors about Nikola’s progress, including falsely claiming the company had a functioning hydrogen-powered truck when it did not. He was sentenced to four years in prison but remained free pending appeal. Then, in a move that stunned legal observers, former President Donald Trump pardoned Milton in March 2025, citing the entrepreneur’s “contributions to clean energy innovation.”

The pardon drew sharp criticism from prosecutors and investor advocates, who argued it undermined accountability for corporate malfeasance. Legal experts note that while the pardon absolved Milton of federal charges, it did not shield him from civil lawsuits or potential scrutiny from regulators.

“Trevor Milton’s history raises serious questions about whether investors should trust his latest venture,” said Emily Carter, a securities law professor at Georgetown University. “Autonomous aviation is a field that demands transparency and rigorous testing—two things Nikola notoriously lacked.”

Industry Skepticism and Technical Hurdles

The aviation sector presents formidable barriers to entry, from stringent safety regulations to the sheer complexity of developing AI-driven flight systems. Established players like Boeing, Airbus, and startups such as Archer Aviation and Joby Technologies have already poured billions into autonomous and electric aircraft, with mixed results.

Aviation analysts remain skeptical of Milton’s ability to deliver. “Building a functional AI-powered jet isn’t just about writing code—it requires years of flight testing, certification, and partnerships with suppliers,” said Richard Park, an aerospace consultant at Alton & Associates. “SyberJet doesn’t have the track record or resources to pull this off without massive outside funding.”

Meanwhile, Milton’s reliance on former Nikola staff has raised eyebrows. Several key figures from Nikola’s leadership team, including engineers who worked on its ill-fated Badger pickup, have joined SyberJet. While Milton insists their expertise is transferable, critics warn that the same culture of overpromising could resurface.

The Road Ahead: Redemption or Repeat?

For now, Milton appears determined to prove his detractors wrong. In interviews, he has framed his aviation venture as a chance to rehabilitate his legacy while pushing technological boundaries. “The future of transportation isn’t just on the ground—it’s in the skies,” he told the Journal.

Yet, the shadow of Nikola’s collapse lingers. The company, once valued at over $30 billion, filed for bankruptcy in 2024 after failing to produce viable vehicles or secure sustainable funding. Whether Milton can avoid a similar fate with SyberJet may hinge on his ability to attract deep-pocketed backers—and convince them that this time, the promises are real.

As the aviation and investment communities watch closely, one thing is certain: Trevor Milton’s second act will be scrutinized like few others in modern business history. The question isn’t just whether he can build an AI jet—it’s whether anyone will believe him if he claims he has.

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