Cathie Wood has been lightening the load on Archer Aviation (ACHR), turning the electric air taxi developer into one of the largest positions ARK Invest trimmed last week. The move came as ARK continued to dial back its exposure to the electric vertical takeoff and landing (eVTOL) industry.
The space that once soared on future potential now faces growing scrutiny over how quickly companies can turn ambitious promises into commercial reality. Wood sold roughly 2.2 million Archer Aviation shares through the ARK Innovation ETF (ARKK), ARK Autonomous Technology & Robotics ETF (ARKQ), and ARK Space & Defense Innovation ETF (ARKX). The combined value of those sales exceeded $12.3 million.
