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Benzinga
Benzinga
Business
Chandrima Sanyal

Cathie Wood's ARK Bets Big On Archer Aviation As Air Taxis Near Reality

Archer Archer Aviation
archer4

Air taxis are moving toward the reality of everyday life, and Cathie Wood‘s ARK Invest is already making wagers on who will control the skies.

Through three of its theme funds, ARK Space Exploration & Innovation ETF (BATS:ARKX), ARK Autonomous Technology & Robotics ETF (BATS:ARKQ), and flagship ARK Innovation ETF (BATS:ARKK), ARK has established significant positions in Archer Aviation (NYSE:ACHR), which is among the most highly watched electric vertical takeoff and landing (eVTOL) developers.

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