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The Economic Times
The Economic Times
Technology

SpaceX and AI startup wealth fuels demand for private jets

SpaceX Anthropic Elon Musk OpenAI IPO XAI Flexjet United States

Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave ​of tech investors shopping for private jets, burying her in paperwork ​for aircraft-purchase agreements.

The Cleveland-based attorney attributed the rush to a handful of major "liquidity events" in the tech industry.

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