What Happened
Investment Firm Doubles Down On eVTOL Stocks Joby And Archer Aviation
Cathie Wood’s ARK Invest is increasing its stake in eVTOL stocks, buying over 1.16 million Archer Aviation shares and 434,012 Joby Aviation shares. The investment firm is doubling down on its conviction that eVTOL technology is reaching an operational inflection point, driven by expanding U.S. military logistics contracts and key FAA certification milestones. This move highlights ARK Invest’s confidence in the growth potential of the commercial air taxi market, with both Archer and Joby working towards commercialization. The investment was reported by TradingView News.