Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Airbus ( EADSF), the French aviation giant, has announced its own plan for developing air taxis. The startup is backed by Google ( GOOG) cofounder Larry Page. Monday morning, Kitty Hawk released video of a prototype vehicle that can hover above water. Innovators are racing to capitalize on advances in electric power and artificial intelligence. There will be regulatory questions to answer.īut interest in the space is heating up. Many hurdles remain to making flying cars safe, affordable and reliable. Related: Airbus offers a peak at its flying taxi In October, Uber released its ambitious vision for how flying cars, technically known as vertical takeoff and landing vehicles (VTOL), could make transportation incredibly fast and cheap. The technology could be transformative in areas plagued by traffic. The company believes it can offer rides in flying cars for about the same price as an UberX ride.

Uber expects flight to be become a daily part of our transportation lives. Related: Google' co-founder's flying car makes its debut

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