Billionaire Israel Englander Bets Big on eVTOL Sector with Strategic Stock Move
Millennium Management founder Israel Englander, with a net worth of $18.9 billion, has positioned his hedge fund as an early mover in the emerging electric vertical take-off and landing (eVTOL) aircraft market. The firm—boasting $79 billion in assets and a 35-year track record of ~14% annual returns—recently made a concentrated investment in one of two leading flying-taxi developers.
While both Archer Aviation and Joby Aviation represent frontrunners in this nascent urban air mobility space, Englander's selective accumulation suggests a calculated preference for one company's technological or regulatory trajectory. The sector remains pre-revenue, with no operational fleets yet, but offers transformative potential for congested city transport networks.
