A Flying Motorbike Company Gets Listed on the Nasdaq

A company that sells flying motorcycles just got listed on the Nasdaq, which means we all live in it The Jetsons now basically.

The Japanese company ALI Technologies sells the futuristic XTURISMOa so-called “luxury hoverbike”, powered by electricity, said to be inspired by the hovercraft war of stars. The XTURISMOs are 12 feet long and can go up to 60 miles per hour, according to the company.

Originally Bloomberg News reported that ALI’s parent company, AERWINS, was in the process of merging with a blank check company, Pono Capital Corps, which had planned to take the company public. A press release released on Friday, says the merger was approved by the company’s shareholders on Jan. 27 and that it will start trading on the Nasdaq on Monday.

As you can imagine, ALI’s hoverbikes look pretty cool. They did their US debut at the North American Auto Show in Detroit last year.

As cool as they look, the XTURISMOs definitely have some downsides. For one thing, their maximum hover time is only about 40 minutes, which doesn’t exactly make them the ideal off-road vehicle. And unless you’ve got a ridiculous amount of cash to burn, you definitely won’t be able to buy one: The current price is a cool $550,000 — making it more or less a plaything for the likes of Jeff Bezos.

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You may be wondering how a company that sells hovercrafts that cost half a billion dollars apiece actually makes money. ALI has marketed the XTURISMOs as “a tool for emergency responders, infrastructure inspection and a showpiece for public entertainment,” Reuters reports. The company has made one sale to date, the outlet notes. The shop also sells dronesas well as drone software and cloud solutions.