SpaceX Alum’s Startup Nears $1 Billion Valuation in Pursuit of Uncrewed Flights

Reliable Robotics Corp. secured $160 million in new funding — pushing its valuation to nearly $1 billion — as the Silicon Valley startup makes a bigger push for US regulatory approval of its automated flying technology.

With the new funds, the company will hire more engineers to develop and submit a “mountain of evidence” to the Federal Aviation Administration demonstrating that its system is safe and operable for commercial cargo flights in the US, according to Robert Rose, the company’s chief executive officer and a co-founder.