Cathie Wood’s ARK Invest Loads Up On Joby, Archer Aviation As Airtaxi, Defense Prospects Grow

Key points: ARK Invest bought 2.57 million Archer shares for $11.9 million and 753,330 Joby shares for $1.3 million across three ETFs. Joby is advancing real-world air-taxi flights through an FAA program. Archer is expanding into defense by acquiring Boeing’s Wisk Aero, SkyGrid and Insitu. Cathie Wood’s ARK Invest is doubling down on eVTOL (electric vertical take-off and landing) stocks, buying mo