Entrepreneur Mark Cuban Buys NewBeeDrone

In a significant move for the drone industry, Entrepreneur Mark Cuban Buys NewBeeDrone, a leading company known for its innovative FPV racing products and accessories. This acquisition marks a pivotal moment for NewBeeDrone, promising to elevate its brand and expand its reach in the rapidly growing drone market.

With Cuban's extensive experience in entrepreneurship and investment, this partnership is set to bring fresh ideas and resources to NewBeeDrone, enhancing its product offerings and customer experience. As a champion of innovation, Cuban aims to leverage his influence to promote drone technology and its applications in various sectors.

Join us in following this exciting development as Mark Cuban's acquisition of NewBeeDrone reshapes the landscape of the FPV racing community. Stay tuned for updates on new product launches and initiatives that will emerge from this partnership, making the future of drone technology brighter than ever.

In a multimillion-dollar sale finalized on Thursday, Mark Cuban purchased startup NewBeeDrone to add to his vast portfolio of businesses. The 63-year-old billionaire, who has managed to retain a youthful air despite years of hard work, has been expanding his range of investments to include all kinds of small businesses. “These past couple years have really shown us that we need to start supporting our local businesses: our friends, our neighbors, our communities… Trust me it will pay off in the end, when we no longer have to depend on one company (Amazon) for everything.”

NewBeeDrone was reluctant to sell at first. The small company is still in its nascent stages, and in the last few years has demonstrated that it is extremely capable of competing with others in the industry. Since NBD has shown such potential, it is no wonder Cuban had been eyeing it so closely. He noted tremendous promise in the startup, predicting a five-time increase in monthly sales by end of year. As he is one of the most highly respected businessmen in the world, there is little doubt that Cuban may be onto something huge. “I got a good feeling about this,” Cuban told Fortune Magazine, “I can’t wait to get elbows-deep in the business.”

By Sarah, NBD

Updated 12:02 AM ET, Fri April 1, 2022