Drones on Wall Street

Training the trainer

Drones have arrived on Wall Street, reports cnbc.com. Major investment banks are deploying the craft to offer important clients “a bird’s-eye view” of companies they’re interested in merging with or acquiring (M&A)…

Goldman Sachs, one of the world’s top M&A advisors, is one such company employing drones. Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions, said, “We have been selling asset-based businesses all over the world using drones for site visits and fly-overs. It gives buyers the confidence they need because when you are purchasing a business, you want to see, touch and feel what you’re buying. ” He added, “Drones are likely here to stay. We believe it will change the M&A landscape forever.”

The personal on-site walk-through is over. COVID-19 put an end to that. Looks like a positive change. More than 95% of the several hundred deals Goldman closed since the start of the pandemic utilized drones for an on-site tour.

7 thoughts on “Drones on Wall Street

  1. Smilin' Jack says:

    “FAA gives approval for company to use swarms of drones to reforest burned areas” https://wildfiretoday.com/2020/12/06/faa-gives-approval-for-company-to-use-swarms-of-drones-to-reforest-burned-areas/
    “DroneSeed, a company that uses fleets of drones to reforest areas burned in wildfires, received approval in October from the Federal Aviation Administration (FAA) for its heavy-lift drones to operate Beyond Visual Line of Sight (BVLOS) and to operate in California, Colorado, Montana, Nevada, Arizona and New Mexico.
    The FAA’s action allows DroneSeed to begin reforesting once a fire is contained and airspace is clear. Their aircraft drop seeds that are encapsulated in vessels consisting of four to six seeds, fertilizer, natural pest deterrents, and fibrous material which absorbs water and increases survivability.”

  2. Harrigan says:

    The Federal Aviation Administration greenlit American Robotics this week to become the first company to operate smart drones without needing on-site pilots or spotters, the company announced Friday. https://gizmodo.com/faa-authorizes-first-commercial-smart-drone-flights-1846072684
    American Robotics, an industrial drone developer based out of Massachusetts, will still need a human pilot overseeing each flight’s takeoff remotely, so the process isn’t technically 100% autonomous, as the Verge notes [link]. Still, the decision brings the U.S. one step closer to seeing fully automated commercial drone flights.
    And once companies are able to meaningfully scale automated drone operations, it could “lend efficiencies to many of the industries that fuel our economy such as agriculture, mining, transportation” and other manufacturing sectors, the FAA said in its approval documents per the Wall Street Journal [link]. In an FAA statement released to the outlet on Friday, the agency added that “we conduct thorough safety assessments before issuing any unmanned aircraft operation approvals.”
    Certain operation restrictions still apply. As per the waiver authorized by the FAA, American Robotics can only fly its smart drones in certain rural areas in Kansas, Massachusetts, and Nevada and may not exceed altitudes of 400 feet, according to the Journal.

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