Cathie Wood Bets On Joby As Sean Duffy's Advanced Air Mobility Push Targets Air Taxis, Medical Transport

Core Insights - ARK Invest, led by Cathie Wood, has increased its stake in Joby Aviation Inc. as the company partners with the FAA in the eVTOL initiative [1][4] Group 1: Urban Air Taxis and Advanced Air Mobility - The U.S. Department of Transportation (DOT) is launching eight new projects under the Advanced Air Mobility pilot program, which aims to "RADICALLY CHANGE the way people and products move" [2] - The program will explore various applications of eVTOL aircraft, including urban air taxis, regional travel, cargo logistics, and emergency medicine, with a testing environment across multiple states [2][3] - The program is set to commence in Summer 2026, marking a significant step in the evolution of aviation [2] Group 2: Joby Aviation's Role - Joby Aviation is collaborating with the FAA on multiple applications for the eVTOL Integration Pilot Program (eIPP), which is seen as a major advancement for U.S. aviation [3][4] - The company anticipates beginning operations in 2026 across ten states, with its CEO describing this as a "defining moment for American innovation" [4] - Joby has received additional investments from ARK Invest, acquiring over 20,309 shares through its Autonomous Technology and Robotics ETF and 7,450 shares via its Space and Defense Innovation ETF [4]