Raw Concept: Flying Taxis

I never liked the Jetsons cartoon as a boy. I didn’t like the space aged shit and it never appealed to me. I was more of a Tom and Jerry kid — Transformers — rooting for Soundwave to win. Nevertheless, I do recall seeing the show and the flying taxis, moving sidewalks, robots etc. We seem to be living in an era where all of that is coming to fruition.

Yesterday the FAA approved air taxis for JOBY. The way it will work, initially, is $107 from your home to airport — in a controlled rout to minimize explosions and death. In the future, automated flying taxis will be common place.

I do not have numbers or a firm grasp on this nascent industry yet — but I am very bullish on UBER — and feel it is a 10x from here. But along the path, there will be speculation — bidding up names like JOBY, ACHR, EVEX — maybe even LILM. All have exposure to this space.

Food for thought.

I closed +62bps, hedged with SOXS at 15% for an overnighter.

Ciao.