Tech Titans Take Flight: Private Aviation Soars on AI Boom The tech industry's latest IPOs and skyrocketing valuations have created unprecedented wealth for its entrepreneurs.
This influx of new billionaires has driven up demand for private jets, a trend that has played out before whenever major liquidity events shake the financial markets. The SpaceX IPO alone generated $85.
7 billion for the company, making it one of the most lucrative deals in history. As a result, tech entrepreneurs now represent about three quarters of business today, up from just one fifth a decade ago.