Flying-Taxi SPAC Accused of Stealing Aircraft Technology
Bloomberg 2 hrs ago Christopher Yasiejko
(Bloomberg) Wisk Aero LLC, a maker of electric-powered aircraft designed for use as flying taxis, claims its technology was stolen by Archer Aviation Inc., a rival startup valued at $3.8 billion in a blank-check deal earlier this year involving United Airlines Holdings Inc. and investment banker Ken Moelis.
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Wisk, a joint venture of Boeing Co. and Google co-founder Larry Page’s Kitty Hawk Corp., alleged a former employee downloaded secret designs before taking a job at Archer, according to a complaint filed Tuesday in federal court in San Jose, California. The companies compete in the market for so-called electric vertical takeoff and landing aircraft, or eVTOLs.