NYSE:JOBYAirlines
Institutional Backing Builds As Joby Nears Commercial Air Taxi Launch
Cathie Wood's ARK Invest and Ken Griffin have recently added to their positions in Joby Aviation (NYSE:JOBY).
The increased holdings come ahead of Joby's planned launch of commercial air taxi services.
These investments arrive as Joby reports progress on key FAA certification steps and commercial partnerships.
The fresh backing contrasts Joby with competitor Archer Aviation and highlights changing market sentiment toward air taxis.
Joby Aviation, trading under NYSE:JOBY, is working on...