If you’re a retail investor looking for potential opportunities in the aviation industry, then you’ll want to pay attention to what Jim Cramer has to say. The renowned financial expert recently discussed Joby Aviation, a company that specializes in electric vertical takeoff and landing (eVTOL) aircraft. And his verdict? He’s not going to fight against it.
So what does this mean for investors? Well, Joby Aviation is currently in the process of going public through a merger with a special purpose acquisition company (SPAC). This means that retail investors will have the opportunity to invest in the company before it goes public. And with Cramer’s seal of approval, it could be a promising opportunity for those looking to get in on the ground floor.
But why is Cramer so bullish on Joby Aviation? One reason could be the potential for eVTOL aircraft to revolutionize the transportation industry. With the ability to take off and land vertically, these aircraft could provide a faster and more efficient mode of transportation, particularly in urban areas. And with Joby Aviation already partnering with Uber to provide air taxi services, the potential for growth is certainly there.
Of course, as with any investment, there are always risks to consider. Joby Aviation is still a relatively new company, and the success of eVTOL aircraft is not guaranteed. However, with Cramer’s approval and the potential for a game-changing technology, it may be worth keeping an eye on Joby Aviation as it makes its way to the public market. As Cramer himself said, “It’s got some real merits, and I like it.”