ARKQ ETF Increases Joby Stake to $51M Following FAA eVTOL Approval
ARKQ ETF acquired 27,759 Joby Aviation shares, raising its position to over $51M following Joby’s FAA eVTOL Integration Pilot Program approval. The fund holds a 3.36% weight in Archer Aviation, which reported a fourth-quarter EPS loss of $0.26 and $300,000 in revenue.
1. ARKQ's Joby Stake Increase
ARKQ ETF purchased 27,759 shares of Joby Aviation, raising its stake to over $51 million. The acquisition followed Joby’s acceptance into the Federal Aviation Administration’s eVTOL Integration Pilot Program, positioning the fund to benefit from anticipated 2026 operations in 10 states.
2. Joby's FAA Program Entry
Joby Aviation secured partnership under the FAA’s eVTOL Integration Pilot Program, enabling initial operations in 10 states in 2026 with four-seat electric air taxis. ARKQ’s purchase reflected investor confidence in Joby’s path to early commercial operations.
3. Archer Aviation Q4 Performance and Legal Action
Archer Aviation, in which ARKQ holds a 3.36% weighting, reported a fourth-quarter EPS loss of $0.26 on $300,000 in revenue and maintained $2 billion in liquidity. The company also filed a countersuit against Joby Aviation alleging concealment of Chinese government ties and misrepresentation of Chinese-origin aircraft materials.