ARK Invest Buys $276,000 of Joby Aviation Shares in Autonomous Tech ETF
Cathie Wood-led ARK Invest increased its stake in Joby Aviation by acquiring 20,309 shares via its ARKQ ETF and 7,450 shares via its ARKX ETF, totaling ~$276,000. Joby joined eight DOT Advanced Air Mobility pilot projects, positioning its eVTOL aircraft for testing in ten states starting Summer 2026.
1. ARK Invest Bolsters Joby Stake
Cathie Wood’s ARK Invest acquired 20,309 Joby Aviation shares through its Autonomous Technology & Robotics ETF and an additional 7,450 shares via its Space & Defense Innovation ETF, representing approximately $276,000 at the closing price. These purchases raise ARK Invest’s total Joby stake to over $51 million.
2. DOT Advanced Air Mobility Pilot Program
The Department of Transportation selected eight projects for its Advanced Air Mobility pilot, creating one of the largest test environments for eVTOL aircraft across ten states. The program, kicking off in Summer 2026, will explore applications such as urban air taxis, regional travel, cargo logistics and emergency medical transport.
3. Joby Aviation Partnerships
Joby Aviation is collaborating with the FAA on multiple integration pilot applications and has partnered with Uber to operate its all-electric air taxis in Dubai. The company also acquired Uber’s Elevate division to further develop a ride-hailing network of eVTOL aircraft.
4. Quarterly Results and Market Reaction
In Q4, Joby reported a loss of $0.14 per share, beating the $0.22 loss estimate, and generated $30.84 million in revenue, surpassing the $16.96 million consensus by 81.8%. Shares rose 3.78% to $10.42 during overnight trading following the earnings release.