Deals

Infinite Reality Buys Drone Racing League for $250 Million

Drone Racing League backed by Stephen Ross’s venture firm
DRL has partnerships with NBC, Sony, and US Air Force

DRL Drones race through the US Air Force gate during the 2022-23 DRL Algorand World Championship Season in Miami.Source: The Drone Racing League

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By Randall Williams

April 23, 2024 at 11:00 AM UTC

This article is for subscribers only.

Drone racing, once a niche hobby, has become the latest sports play after the Drone Racing League was acquired by metaverse firm Infinite Reality for $250 million.

Drone racers fly quadcopters, aircraft with four propellers. Often, pilots wear virtual reality goggles that receive a feed from the camera embedded on the drone and maneuver as if they were in the craft itself in order to steer it.