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

Ark Invest, led by Cathie Wood, purchased 119,000 shares of Joby Aviation in May, bringing its total holdings to 6.3 million shares across two ETFs. The investment comes after Joby successfully demonstrated its eVTOL aircraft with a test flight from JFK to Manhattan in seven minutes. While the company has first-mover advantage and government support through the eVTOL Integration Pilot Program, it remains a speculative early-stage venture targeting FAA Type Certification by mid-2027 and a Dubai launch by year-end.