A Japanese company showed its first flying motorcycle, called the XTURISMO hoverbike, at the Detroit Auto Show in the United States, where the company plans to launch it in America next year.

According to Reuters, the flying bike was manufactured by Japanese company AERWINS Technologies and can fly for 40 minutes, and reach speeds of 62 miles per hour (100 km/h).

I literally feel like a 15-year-old jumping into one of the Star Wars vehicles, Auto Show co-chair Thad Szott said after taking a test drive - or flight test.

The flying bike is already on sale in Japan, and Shuhei Komatsu, founder and CEO of AERWINS, said plans are underway to sell a smaller version in the US in 2023.

But the price bears an unpleasant surprise, at $777,000 - although Komatsu said the company hopes to cut the cost to $50,000 for a smaller electric model by 2025.

Earlier this month, AERWINS said it was looking to list on the Nasdaq Stock Exchange via a merger with a private acquisition company valued at $600 million.

It is worth noting that Chinese researchers have conducted tests of modified cars, which use magnetic force to rise about 35 mm over a railway.

Researchers at Southwest Jiaotong University in Chengdu, Sichuan Province, equipped sedans with powerful magnets on the car's floors, allowing the cars to soar over a railway strip about 5 miles long.

Eight cars were tested in total, and one of the cars reached a speed of nearly 143 mph or 240 km/h, according to a CNBC report.