Boeing is offering $2 million in prizes—including a $1 million top prize—to inventors of “safe, quiet, ultra-compact, near-VTOL personal flying devices capable of flying 20 miles while carrying a single person.” VTOL stands for vertical take-off and landing, meaning that Boeing is looking for something more original than a conventional ultralight airplane. Boeing is correct that there’s potential for technological breakthroughs here, but in the world of aviation, $1 million doesn’t get you very far.

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