Certain flying car stocks are starting to turn heads on Wall Street. What was once science fiction is now becoming the reality of our transportation industry. Most people know that a flying car is a vehicle that can both drive on roads and fly in the air. But the new technology on the scene is a type of electric vertical takeoff and landing (eVTOL) aircraft.
Simply put, it’s phenomenal technology that will boost flying car companies into the stratosphere. In this article, we’ll explore the potential of the flying car industry and outline our favorite flying car stocks.
Why invest in flying car stocks in the first place?
There are a number of potential benefits to flying cars. They could help to reduce traffic congestion and pollution. They could also make it easier for people to get to remote areas. Furthermore, people could use flying cars to provide medical care to those living in rural areas. The companies that are able to achieve this will soar, and so will their stock.
Investing in flying car stocks comes with some risks despite the abundant benefits. Flying cars are still in the early stages of development, and there is no guarantee that they will ever be commercially successful. It’s comparable to electric vehicle stocks in the early to mid-2000s.
Flying Car Stocks Outlook
Despite the risks, flying cars have the potential to revolutionize transportation as we know it. The projected market for flying cars is very large.
Grand View Research reported that the global urban air mobility market is projected to reach $1.5 trillion by 2040. Of course, several factors are driving this growth, including:
- Increasing urbanization: More and more people are moving to cities, which is leading to increased traffic congestion and pollution. Flying cars could provide a solution to these problems by allowing people to travel faster and more easily.
- Technological advances: Advances in technology are making flying cars more feasible. For example, battery technology is improving, which is making it possible to develop flying cars that can fly for longer periods of time on a single charge.
- Government support: Governments around the world are starting to support the development of flying cars. For example, the United States Department of Transportation has created a program to help develop urban air mobility.
While there are still some challenges to overcome, such as safety regulations and public acceptance, the potential market for flying cars is very large. If flying car companies are successful, they will revolutionize transportation and create a new multi-trillion-dollar market.
Flying Car Stock to Watch No. 1
Joby Aviation is an American electric air taxi company based in Santa Cruz, California. It was founded in 2009 by JoeBen Bevirt and Paul Sciarra. The company is developing an all-electric vertical takeoff and landing (eVTOL) aircraft that can carry four passengers and a pilot up to 150 miles on a single charge.
Joby Aviation has completed over 2,000 test flights and is expected to begin commercial operations in 2024.
The company has raised over $8 billion in funding from investors such as Toyota, Uber, and BlackRock. In 2021, Joby Aviation went public through a merger with a special purpose acquisition company (SPAC). The company is currently valued at over $6 billion.
Joby Aviation is one of the most advanced flying car companies in the world. It has a strong team with a proven track record of success. The company has also raised significant funding from investors who believe in its potential. Joby Aviation has a strong position as a leader in the urban air mobility market. They are also beginning to breakout onto the military scene…
On September 25, 2023, Joby Aviation delivered its first electric air taxi to the United States Air Force. This is a monumental event for Joby and eVTOL vehicles in general. Rest assured, we're witnessing the beginning stages of a MAJOR industry. Simply put, flying car stocks are here to stay and Joby could be a winner.
What are some of the key features of Joby Aviation's aircraft?
- First, it is an all-electric aircraft, which means it produces zero emissions.
- Second, it can carry four passengers and a pilot.
- Third, it has a range of 150 miles.
Joby Aviation is still in the early stages of development, but that's not an issue. The company's aircraft could make it easier and faster to get around cities, and it could help to reduce traffic congestion and pollution.
Flying Car Stocks to Watch No. 2
Archer Aviation is an American electric aircraft company based in Palo Alto, California. It was founded in 2018 by Brett Adcock and Adam Goldstein. The company is developing an all-electric vertical takeoff and landing (eVTOL) aircraft that can carry four passengers up to 60 miles at speeds of up to 150 miles per hour. Archer Aviation has completed over 100 test flights and is expected to begin commercial operations in 2024.
The company has raised over $1 billion in funding from investors such as United Airlines, Alphabet's GV, and Fidelity Investments. In 2021, Archer Aviation went public through a merger with a special purpose acquisition company (SPAC). The company is valued at over $3.8 billion.
Archer Aviation is one of the most promising flying car companies in the world. It has a strong team with a proven track record of success. The company has also raised significant funding from investors who believe in its potential. One of those investors is Cathie Wood, CEO of Ark Invest. As of Q2 2023, Wood has increased her holdings in Archer Aviation by 4.1% (362,000 shares worth). Her total position in Archer Aviation is just north of $46 million.
Here are some of the key features of Archer Aviation's aircraft:
- It is an all-electric aircraft, which means it produces zero emissions. (Same as JOBY)
- It can carry four passengers. (Also same as JOBY)
- It has a range of 60 miles. (Less than Half Compared to JOBY)
While Archer is a front-runner, their aircraft is just a little behind those of JOBY. One important fact to note though, is that JOBY focuses on the ride-sharing element, making them more like Uber. While Archer focuses more on the commercial viability of flying cars, similar to Tesla and EVs.
Curious about what other flying car stocks are on the market? Take a look…
A Full List of Public and Private Flying Car Stocks
- Public Flying Car Stocks:
- Joby Aviation (NYSE: JOBY)
- Archer Aviation (NYSE: ACHR)
- Lilium (NASDAQ: LILM)
- Vertical Aerospace (NYSE: EVTL)
- Beta Technologies (IDX: BLTA)
- Eve Urban Air Mobility (NYSE: EVEX)
- Private Flying Car Companies:
- Aeva Technologies
- Bell Textron
- Kitty Hawk
- Opener
- Porsche
- Saab
- Sikorsky
- Uber Elevate
Final Thoughts on Flying Car Stocks
For investors, flying car stocks offer the potential to capitalize on the growth of this emerging market. The global urban air mobility market is expected to reach $1.5 trillion by 2040, and flying car companies are well-positioned to capture a share of this growth.
If investors are looking to gain exposure, we would recommend looking further into JOBY or ACHR. These flying car companies have a favorable position to seize a portion of the estimated $1.5 trillion global urban air mobility market growth projected for 2040. Barring any unforeseen circumstances, these companies could be the Uber and Tesla of the skies. In other words, these two flying car stocks are very promising
Overall, the potential benefits of owning flying car stocks are significant. If flying car companies are successful, they will make Tesla’s growth look fractional.
