While the company has made significant progress in development and was nearing first flight of a production-standard aircraft, it has run out of time and money.
The FAA has issued its regulation on powered-lift operations and pilot certification, a milestone that paves the way for the onset of eVTOL services in the U.S.
Reaching the Moon to do something useful there involves preparation—which is now underway as agencies and companies aim to return humans to the lunar surface.