Cathie Wood Is Loading Up on This Air Taxi Stock -- Should You Follow Her Lead?

Ark Invest, led by Cathie Wood, targets high-growth, disruptive, innovative, early-stage companies, including developers of electrical vertical takeoff and landing (eVTOL) aircraft, which person the imaginable to upend municipality proscription arsenic we cognize it.

In May, Ark Invest purchased 119,000 shares of Joby Aviation (NYSE: JOBY). The determination comes arsenic Joby made its archetypal palmy trial formation crossed New York, proving its eVTOL technology. Should investors travel Wood's lead?

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Ark Invest owns 6.3 cardinal shares of Joby Aviation crossed its ETFs

While astir organization investors uncover their positions erstwhile they record quarterly 13-F filings with the Securities and Exchange Commission (SEC), Ark Invest provides afloat transparency into its regular trades, giving investors penetration into its investments.

On May 18, Ark Invest purchased shares of Joby Aviation, which was divided among the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ) and the ARK Space & Defense Innovation ETF (NYSEMKT: ARKX). Following the purchase, Ark Invest present owns astir 6.3 cardinal shares of Joby Aviation crossed these 2 ETFs.

Joby Aviation investors person crushed to beryllium optimistic. In April, the eVTOL institution flew its flagship craft from JFK International Airport to 3 Manhattan heliports. The formation demonstrated the readiness of Joby's craft and proved it tin beryllium a important time-saver, flying from the airdrome to downtown Manhattan successful conscionable 7 minutes.

This comes arsenic the U.S. authorities pushes to accelerate the improvement and motorboat of eVTOL craft done its eVTOL Integration Pilot Program (eIPP). The eIPP aims to velocity up accepted support processes, alteration companies similar Joby and rival Archer Aviation to enactment with authorities and section governments, and assistance the Federal Aviation Administration get real-world information connected safety, noise, and postulation integration by investigating municipality operations earlier afloat commercialized certification.

What's adjacent for Joby Aviation

Joby is moving done the FAA certification process to get Type Certification, the regulator's seal of support confirming that the aircraft's plan is harmless for commercialized rider use. Joby hopes to execute this nary aboriginal than mid-2027. In addition, the institution volition look to tally much trial operations crossed 11 spouse states, including cargo transportation and aesculapian effect successful Florida and North Carolina. It besides aims to motorboat its aerial taxi work successful Dubai by the extremity of this year, though the struggle successful the Middle East could impact that timeline.