Skip to main content

Airbus's Stratospheric Drone Business Is Open to IPO, CEO Says

·1 min

An aerospace company that develops high-altitude drones plans to go public after launching its commercial operations in the coming years. The company, based in Farnborough near London, produces solar-powered drones named Zephyr. These high-altitude platform stations (HAPS) can reach altitudes above 60,000 feet and offer various services, such as 5G connectivity, wildfire prevention, and border control through Earth observation.