Autonomous Flight Company Secures Public Market Backing
Merlin, a Boston-based autonomous flight company, has started trading on the Nasdaq under the ticker MRLN after completing its merger with Inflection Point Acquisition Corp. IV. The deal brought in over $200 million in gross proceeds, valuing the company at about $1 billion. Merlin is developing its AI-powered Merlin Pilot system for various applications, including cargo operations and reduced-crew military aircraft. The company’s efforts are part of a broader push to commercialize autonomous flight technology. This development was first reported by AeroTime.