Google co-founder pouring a ton of money into flying cars

Larry Page, the billionaire co-founder of Google, is secretly backing a pair of startups that are working on flying cars, according to a report. Since 2010, Page has poured more than 100 million into Zee.Aero, a company that lately has been testing two flying-car prototypes at an airport hangar in Hollister, Calif., Bloomberg said Thursday, citing sources. Since last year, Page also has been funding another flying-car startup called Kitty Hawk -- and has cast it as a rival to Zee.Aero as he stages a top-secret race to develop a new class of vehicles that can soar above traffic jams and sidestep the hassles of the airport, Bloomberg said. "Page has drawn a line separating his two flying-car teams," the report said. "It's common for the Zee.Aero engineers to speculate over lunch about what their Kitty Hawk counterparts are up to."