There were several fundraises in 2024 that topped anything the travel industry has seen in years. Travel startups raised billions more than in 2023 despite the number of deals being roughly the same.
Archer Aviation has raised $660 million this year alone, while competitor Lilium is going through bankruptcy proceedings after burning through $1 billion. It takes a lot of money to get new planes into the sky.
Waymo wants road trippers to take driverless cars across the U.S. It's already operating a ride-hailing service, and it has tech and money from Google, so chances are good.
Joby Aviation and Toyota are among multiple transport companies that want to see flying taxis as part of everyday commercial travel. If everything stays on track, that could start becoming a reality in 2026.