Moller and his flying car are
back. For over forty years, Paul Moller, of Davis, California, has
been trying to build a flying car. Over the years, he's been extracting
money from investors. Moller
has been in trouble
with the Securities and Exchange Commission for making "false
and misleading statements about the company's imminent listing on
the NYSE and the Nasdaq Stock Market, the projected value of company
shares after such listing, and the prospect for Skycar sales and
revenue." He raised $5.1 million by illegally selling unregistered
stock to the public over the Internet, according to the SEC complaint.
He's never been able
to make it work. In the words of the SEC complaint, "As of
late 2002, MI's approximately 40 years' of development has resulted
in a prototype Skycar capable of hovering about fifteen feet above
Moller has been touting
this product as being a few years from production for the past thirty
years. Here, we provide his 1974 brochure. Read for yourself
what he was claiming 30 years ago.
was distributed by Moller's company, "Discojet Corporation",
the schedule. "December 31, 1974 - Preliminary test flights
31, 1976 - Full-scale production begins"
the footnote: "P. S. Moller". That's him.
had a successful business making mufflers.
we show the outside of the brochure. Note the Davis, California
address. Moller still operates out of Davis.
It's not impossible
to make such a flying machine. Visit the Hiller
Aviation Museum in San Carlos, California, where the Hiller
Flying Platform, which flew in 1955, is on display. Moller has
been far less sucessful than Hiller.
updated May 16, 2004