Elroy Air is going public at a roughly $1 billion valuation, aiming to replace delivery trucks with long-range cargo…

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. (Source: Bloomberg)