Cathie Wood's ARK Invest Increases Stake in eVTOL Developer Joby Aviation
Cathie Wood's investment firm, ARK Invest, has significantly increased its position in Joby Aviation, a leading developer of electric vertical takeoff and landing (eVTOL) aircraft. The fund recently purchased over 1.6 million shares, signaling strong confidence in the future of urban air mobility. Joby is currently progressing through the FAA certification process for its electric air taxi. The company has also established key partnerships with entities like Delta Air Lines and the U.S. Air Force. This substantial investment highlights growing institutional belief in the emerging and competitive eVTOL market.
Official Source: https://finance.yahoo.com/news/cathie-wood-doubling-down-joby-173835102.html
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