Cathie Wood Bets Big on Flying Taxis With Joby, Archer Trades—Invests in TSLA Robotaxi Rivals WeRide, Pony AI
ARK Invest buys millions in Joby and Archer eVTOL shares, while also investing in robotaxi firms like WeRide.
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ARK Invest buys millions in Joby and Archer eVTOL shares, while also investing in robotaxi firms like WeRide.
Joby Aviation stock rises modestly as traders weigh Blade news, the Archer legal dispute and a firmer broader market.
Filed: 2026-10-02 AccNo: 0001824502-26-000078 Size: 175 KB Item 7.01: Regulation FD Disclosure
A federal jury in Florida awarded Aerosonic (TransDigm subsidiary) $116.9 million in damages against eVTOL maker Joby Aviation for violating a non-disclosure agreement and misappropriating trade secrets related to air data probe technology. The jury rejected all of Joby's counterarguments and found the misappropriation was willful and malicious. Despite the large verdict, analysts note the financial impact on Joby is likely minimal given its $2.3 billion cash position and existing burn rate.