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, purchasing additional shares of the electric vertical take-off and landing (eVTOL) aircraft developer. This move signals renewed confidence as Joby progresses with its FAA certification, having recently completed the second of five required stages. The company is also supported by partnerships with Delta Air Lines and the U.S. Department of Defense. Despite being pre-revenue and burning through cash, Joby maintains a strong balance sheet with approximately $1 billion in reserves. Wall Street analysts currently hold a "Moderate Buy" consensus on the stock, viewing it as a speculative but promising long-term investment in urban air mobility.

Official Source: https://www.barchart.com/story/news/800562/cathie-wood-is-doubling-down-on-joby-aviation-stock-is-joby-a-buy-for-march-2026

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