EXCLUSIVE: Cathie Wood Thinks The Future Is Vertical, Says Air Taxis Are Coming Soon
Portfolio Pulse from AJ Fabino
In an interview with Benzinga’s CEO, Ark Invest founder Cathie Wood expressed optimism about the electric vertical takeoff and landing (eVTOL) industry, particularly air taxis. She highlighted Ark's $50 million position in Archer Aviation Inc (ACHR), a leader in the eVTOL space. Wood also mentioned Archer's recent patent lawsuit settlement with Boeing (BA) and its partnership with Stellantis NV (STLA).
September 03, 2023 | 12:44 pm
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POSITIVE IMPACT
Archer Aviation, a leader in the eVTOL industry, has been highlighted by Ark Invest's Cathie Wood. The company's recent settlement with Boeing and partnership with Stellantis could potentially boost its market position.
Cathie Wood's endorsement of Archer Aviation and its eVTOL technology could attract more investors, potentially driving up the stock price. The recent settlement with Boeing and partnership with Stellantis could also enhance Archer's market position and credibility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ARK Autonomous Technology & Robotics ETF (ARKQ) holds a significant position in Archer Aviation, indicating a strong belief in the eVTOL industry's potential.
ARKQ's significant investment in Archer Aviation demonstrates Ark Invest's confidence in the eVTOL industry and Archer's potential. This could attract more investors to ARKQ, potentially driving up its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Stellantis NV's partnership with Archer Aviation, as highlighted by Cathie Wood, could potentially impact its stock.
Stellantis' partnership with Archer Aviation could potentially boost its stock as it shows the company's forward-thinking approach and involvement in the emerging eVTOL industry.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Boeing's recent patent lawsuit settlement with Archer Aviation and new ownership position in the company could potentially impact its stock.
Boeing's settlement with Archer and new ownership position could have mixed effects on its stock. While the settlement removes a legal hurdle, the new ownership position in a still-emerging industry could introduce new risks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60