The hype was fueled by the investment of more than $10 billion in equity. Most notably, the wave of SPAC (=Special-purpose acquisition company) offerings at US Stock Exchanges generated a lot of buzz around eVTOL companies.
Morgan Stanley forecasts a market size of $1 trillion by 2040 in 2021. This figure was downgraded from previously $1.5 trillion. 90% of the market is transport and (shared) mobility.