TECH - EXCLUSIVE: Cathie Wood Thinks The Future Is Vertical Says Air Taxis Are Coming Soon | Benzinga
Benzinga’s CEO Jason Raznick sat down with Ark Invest founder Cathie Wood in an exclusive conversation on “The Raz Report,” to discuss various technology trends and how it affects the transportation industry — namely, the electric vertical takeoff and landing (eVTOL) industry.
The standout topic was a company that has seen its shares soar over 260% this year.
"We think the air taxi industry is almost here,” Wood told Raznick, her optimism fueled by ARK Autonomous Technology & Robotics ETF's (BATS:ARKQ) more than $50 million position in Archer Aviation Inc (NASDAQ:ACHR), a leader in the eVTOL space rushing to bring air taxis from sci-fi to reality.
Why did Ark Invest choose Archer?
“Truth be told, we rode it all the way down and kept buying ...