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Cathie Wood’s Megatrend Bet: Investing in Airtaxi and eVTOL Shares
The world of transportation is undergoing a major shift as environmental concerns become more pervasive in our society. One of the most exciting new innovations is the electric vertical takeoff and landing (eVTOL) aircraft, which promises to revolutionize the way we travel both short and long distances.
Billionaire investor Cathie Wood has demonstrated her keen interest in this new technology by buying shares of AirTaxi, a company that plans to build and operate a fleet of eVTOL aircraft.
Wood is no stranger to investing in technology, having seen the potential of companies such as Tesla and ARK Invest, who have both seen massive returns in recent years. She is betting that the same potential is contained within this fledgling industry, and appears to be putting her money where her mouth is.
As of January 9, 2023, AirTaxi has announced the completion of their first test flight. This marks an important milestone in the development of eVTOL aircraft, as it sets the stage for commercial flights to begin soon.
This brings us to the question of why Wood has decided to buy shares of AirTaxi. It is likely that she sees the company as having the potential to be a leader in the eVTOL industry, and is taking advantage of the early stages of its growth.
The eVTOL industry is already generating strong interest from investors, but it is still in its infancy. Wood is aware of this, and has said publicly that she is willing to invest in the companies she believes can be successful long-term players in the sector.
Wood’s decision also speaks to her focus on the megatrend of clean energy and personal transportation. This move highlights her belief that eVTOL aircraft are set to become a major player in the transportation industry and that this is an area worth investing in sooner rather than later.
It is clearly no coincidence that Wood chose to buy AirTaxi shares on January 9, 2023; her belief in the potential of this industry is likely too strong for her to wait any longer.
Wood’s decision to invest in AirTaxi is yet another example of her commitment to investing in technology and clean energy companies. With the test flight now complete, it is likely that Wood will continue to monitor the progress of the eVTOL industry with an eye toward further investing in the near future.Cathie Wood is no stranger to trend-setting, having successfully predicted many tech booms in the past. Her latest venture has her betting big on a new megatrend – eVTOL (electric vertical take-off and landing) aircraft. In the last few years she has been building her portfolio with large investments in Airtaxi and other eVTOL companies, and it appears to be paying off.
Airtaxi, a relatively new company, is a hybrid model of a traditional taxi and a helicopter. It is powered by an eVTOL aircraft, meaning it can take off and land in much smaller spaces than a helicopter while still being much faster than a traditional taxi. Airtaxi plans to revolutionize urban transport, and its potential for disruption has caught the attention of the industry’s biggest players. Cathie Wood is one of them.
In July 2021, Wood’s ARK Investment Management firm purchased more than $100 million worth of Airtaxi’s shares, an acquisition that helped launch the company to the forefront of the eVTOL space. ARK has since added an additional $280 million to its Airtaxi portfolio, and the firm now holds more than 7% of the company’s shares. This investment is just one of Wood’s larger investments in eVTOL companies, as she has also invested in eVolocopter, Lilium, and Blade.
Wood’s bet on eVTOL appears to be paying off, as the sector is projected to be worth $1.5 trillion by 2030, with a potential market of over 800 million passengers a year. As Airtaxi continues to develop, it is expected that it will be the leader in urban air transport networks worldwide. With Wood’s backing, the company appears to be well-positioned for this transition.
Fast-forward to January 2023, and Wood’s faith in Airtaxi has been validated. The company has become a leader in the eVTOL space, with its share price rising tenfold since Wood’s initial investment. Airtaxi services are now available in multiple cities across the world, and the company has become a symbol of the megatrend of eVTOL transportation.
Cathie Wood’s bet on Airtaxi and the eVTOL megatrend has been a huge success, and her long-term investment has put her in great company. eVTOL aircraft are expected to revolutionize transport in the coming years, and Wood’s investments are undoubtedly part of this revolution. As a trend-setter, she will no doubt be looking for new opportunities to capitalize on in the near future.