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Elroy Air’s Cargo Drone Bet

Elroy Air’s Cargo Drone Bet
Bloomberg Technology Friday 26 June 2026, 15:46 UTC 1 min read
Key Points

Jun 26th, 2026 Elroy Air’s Cargo Drone Bet Elroy Air is going public at a roughly $1 billion valuation, aiming to replace delivery trucks with long-range cargo drones. CEO Andrew Clare joins Bloomberg Open Interest to explain how the company’s heavy-payload aircraft works, why public markets are the right funding path and why defense demand and US supply-chain automation make this the ideal moment to scale.

Jun 26th, 2026 Elroy Air’s Cargo Drone Bet Elroy Air is going public at a roughly $1 billion valuation, aiming to replace delivery trucks with long-range cargo drones. CEO Andrew Clare joins Bloomberg Open Interest to explain how the company’s heavy-payload aircraft works, why public markets are the right funding path and why defense demand and US supply-chain automation make this the ideal moment to scale.
Elroy Air’s (PERSON) Elroy Air (PERSON) Andrew Clare (PERSON) Bloomberg Open Interest (ORG) US (LOCATION)
Originally published by Bloomberg Technology Read original →

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