Drone racing league receives a $1 million investment from Miami Dolphins owner

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Does drone racing have what it takes to be a sport? Billionaire property developer and Miami Dolphins owner Stephen Ross thinks it might, and has invested $1 million in the first round of funding for New York startup The Drone Racing League via his investment firm RSE Ventures, reports The Wall Street Journal. Like similar organizations, the League races small drones that can hit speeds of up to 70 mph and are flown with the aid of goggles that transmit a live video feed from the craft to the pilot (also known as FPV or first person view racing). The startup has already held a small trial run with six pilots in a warehouse in Yonkers this summer, and is planning to hold its first public race later this year, collecting revenue from ticket sales, sponsorship, and media deals.

Continue reading at: theverge.com

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