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Matternet Goes Public With $33M Reverse Merger
Matternet

Matternet Goes Public With $33M Reverse Merger

Matternet closed a $33 million private placement and went public last week through a reverse merger with shell company Los Altos Ventures Corp., now renamed Matternet Inc. The deal makes Matternet the first pure play drone delivery company on U.S. public markets, a milestone the company has been positioning for since landing FAA type certification…

Walmart Hits 1M Drone Deliveries, 40% This Quarter
Walmart

Walmart Hits 1M Drone Deliveries, 40% This Quarter

Walmart announced on May 29, 2026 that it has crossed the 1 million drone delivery mark across its U.S. operations. The headline number is the kind of thing every press release reaches for, but the line buried in the announcement is the one I want to focus on. 40% of that million happened in a…

Flytrex Sky2 Doubles Past Rivals With 8.8-Pound Payload
Amazon

Flytrex Sky2 Doubles Past Rivals With 8.8-Pound Payload

Flytrex unveiled its new Sky2 delivery drone on Thursday, and the headline number is the payload: 8.8 pounds (4 kg), enough to carry two large pizzas, bread bites, and sodas in a single trip. That is roughly enough food for a family, which is the line Flytrex has been chasing for years. The previous Sky…

Walmart Zipline Drone Delivery Launches in Royse City as 17th DFW Location
Amazon

Drone Delivery Could Unlock $16B in Profits, Barclays Says

Barclays published research on Wednesday arguing that autonomous food delivery, driven by sidewalk robots and drones, could cut per-order costs to roughly $1 in the long term. The British bank sees about $16 billion in unlocked annual profit across the global food delivery industry if penetration reaches projected levels, as Yahoo! reported. For the drone…

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