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Drone Racing League CEO Nicholas Horbaczewski joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the business of racing drones and update the status of the Generation Z sports startup.<br/><br/>Founded in 2015, Drone Racing League, or DRL, is a sports technology and entertainment startup that hosts yearly tournaments where drone pilots compete for a cash prize. Horbaczewski says DRL will host its ninth season this fall and raised more than $100 million from investors, including publicly traded Liberty Media, WWE, T-Mobile, and Miami Dolphins owner Stephen Ross’s RSE Ventures—the league’s most prominent backer.<br/><br/>“It’s Formula One but with drones,” Horbaczewski tells Forbes, describing DRL. “What we’re doing is hard,” Horbaczewski adds. “It’s a combination of sports, technology, and media. So, our investors represent the best of those industries coming together to build something novel together.”<br/><br/>In the interview, the DRL chief executive explained how he lured notable investors for capital and forecast plans to expand globally. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Meet The Guy Who Raised Over $100 Million To Race Drones

⏲ 24:34 👁 15M

It seems that Call of Duty and Fallout are set to crossover, according to a recent report from industry insiders.

Call of Duty x Fallout crossover coming

⏲ 1:13 👁 1M

Join us as we delve into the recent passage of the Antisemitism Awareness Act by the US House of Representatives. Learn about the motivations behind the bipartisan support, the implications for college campuses, and the debates surrounding free speech and antisemitism definition. Stay informed on this critical legislation shaping national discourse. <br/> <br/>#USHouse #Antisemitism #AntisemitismAwarenessAct #AntiIsraelProtest #CampusProtestsinUS #USHouseRepresentatives #ProPalestineProtests #Oneindia<br/>~PR.274~ED.155~GR.122~

US House Passes Antisemitism Awareness Act Amid Growing Anti-Israeli Campus Protests | Oneindia News

⏲ 3:4 👁 1M

In a recent interview with Time, former President Donald Trump discussed the potential prosecution of President Joe Biden and his family, contingent on the Supreme Court’s decision on presidential immunity.<br/><br/>What Happened: Trump hinted at the possibility of Biden being prosecuted for “20 different acts,” accusing him of mishandling situations in Afghanistan and Ukraine, and causing disorder at the U.S. border. At the same time, he clarified that none of those potential acts had anything to do with him.

Trump Says If Supreme Court Decides President Doesn't Get Immunity Then Biden \

⏲ 1:20 👁 1.7M

There may be a lack of more serious dramas in Ryan Gosling’s future, as he’s trying to keep it lighter for his family.

Ryan Gosling Avoiding ‘Dark’ Roles for Family

⏲ 1:8 👁 950K

The Federal Reserve’s preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March, confirming concerning signs of a resurgence in inflationary pressures in the first quarter of the year.<br/><br/>The higher-than-expected PCE report serves as a stark reality check for traders, further postponing expectations of a Federal Reserve rate cut that had already been dwindling in recent weeks.

Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert

⏲ 0:48 👁 3.6M

The report comes on the heels of Tesla CEO Elon Musk‘s unannounced trip to China over the weekend, fueling speculation about FSD’s rollout in the country.<br/><br/>Why It Matters: During Tesla’s recent earnings call, Musk expressed his desire to launch FSD in new markets, including China, pending regulatory approval.

Did Elon Musk's Surprise China Mission Pay Off? Tesla Reportedly Inks FSD Deal With Internet Giant Baidu

⏲ 0:52 👁 2.2M

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