 ARK Invest has bought ACIC, the bought, I believe, 372,000 shares, and I think this could be only the beginning of them beginning their position in this stock to then potentially buy even more, we'll go into why that is, but also go into this huge news, what it means for this company, ARK Invest buying ACIC, now ACIC is the ticker and they're going to be merging through a special acquisition with Archer. Now, so we can see here that actually ARK has been buying this, so it's ACIC, which is Atlas Crest Investment Corp. Again, we'll be merging with Archer and they've been buying 372,000 shares, beginning their position. This is an interesting stock which has got disruptive innovation involved with it and of course, ARK Invest do like disruptive innovation. I knew that it would be a matter of time before ARK bought this and they've now decided to start position. I think they're going to continually increase the position from this current level. So who's Archer? So they are the first commercially viable electric VTOL aircraft. Now, they are in disruptive innovation in that sense. So they're trying to change the way transportation is done, okay? What is the company's mission? So they have a VTOL to be able to fly for 60 miles at 150 miles per hour. And the goal is to advance the benefits of sustainable air mobility and become the leader in the new era of UAM urban air mobility. So we hear a lot about these air taxis, these, the future of transport essentially. You know, it's about making sure that people can actually get to the destination in a much faster time and it's a very disruptive innovation in what it's doing there. And I think it's got a lot of potential. We'll go through this potential as well. But just think about it for a moment. If this was to be successful, it would be an absolute monster of a company. And I think that because of what it is, air taxes, I feel that there's going to be a lot of investor sentiment around this. And I think just our investing in this ACIC, Archer, I think that that just adds fairer credibility to the stock as well. So let's go into this. So before we do that, remember to also join the stock club where we actually talk about stocks before the videos. So, you know, you get to hear a fairer in-depth thoughts about different stocks and penny stocks. So do consider joining the stock club if you've been a regular viewer and subscriber. And you know, that'd be much appreciated. It does support the channel. And at the end of the day, you do get some benefits for it as well. So do join the stock club. Let's get right back into the information. So you've got this electric aircraft startup, Archer, and it's to go public via a SPAC Atlas Crest investment. Okay. And it's going public by merger with the special acquisition company. The startup, it said in a statement, the 3.8 billion deal is expected to close in the second quarter of 2021. So we always say that, you know, when a special acquisition reaches to when it is merging or just before it's merging or just after, the stock tends to move down a bit. And that is a common trend. A lot of these SPACs do move down as they actually merge. Now, this one has got a lot, one, this might be different because of the industry it's in. This could maybe just actually continue to increase. But even if it did that, there's a lot of time, you know, second half, you know, second quarter of 2021, there's still a good amount of time for this to run up before that sell-off potentially happens. So I think that there's a lot of potential here. We will provide 1.1 billion in gross proceeds to the combined company. Okay, so very interesting stuff. They've got a lot of money to be working with there. So what does it mean? So in terms of arch-invest buying, this means it's good for the share price because when arch-invest buy stock, you know, that there is some research that they've done extensive research to say that, look, this is worth having on our portfolio. So this is going to be good. This is going to spread around in terms of arch-invest buying this stock. So this is going to be good for the share price. Again, it's a growing industry. This is just going to be an industry for the future and it is going to happen. So it'll be a growing industry and it's disruptive technology and innovations as well. It's disrupting a current industry and this could be incredible levels of revenue for this particular stock. Now, why is the stock important? So I missed the M off the start of that, but Morgan Stanley estimates that this electric aircraft market will be worth. Get this, 1.5 trillion by 2040. Electric aircraft market worth 1.5 trillion by 2040. This is an incredibly massive market. Okay. And this is why it's worth a shot, as you know, to have this in the portfolio. It's what I'm doing. I actually own this stock. You can do what you do. Obviously, I'm not a financial advisor, but I do really like the stock, right? So it's merging with Atlas Crest and with a result in net proceeds of about 1.1 billion. And it's also got significant institutional support. So it's got the backing in terms of the special acquisition deal, but also United Airlines has placed a 1 billion order for 200 Archer EVTOL aircraft. Okay, a 1 billion order. And this is only just getting started. You can imagine the amount of orders they can get in going forward into the future as well. So this is incredible stuff. Okay, so what would I say? So what I would say is around 14, I haven't got the slide up on at the screen here. It's around $14 at the moment. I would say it's an absolute bargain at that price. I believe that this is going to go through to $20 very, very easily. Okay, it's just a matter of time. This pops past $20 in my opinion. Okay, maybe towards 18, but certainly, I think, well, definitely towards 18, but probably towards $20, no doubt in my mind. And I think that it will go even much, much higher than that. So it's always good to get into these special acquisitions early, ready for the run-up, so that then you're limiting your downside. Because remember, you've got that $10 floor for SPACs. So, you know, as long as you get in early and then the run-up happens, you're limiting your downside and you're maximizing your upside. Now, if you did enjoy this video, then do consider subscribing if you're new. I'll make some more videos on this stock, but also other stocks as well. So do subscribe. I do really appreciate the support on the channel. We're almost at 11,000 subscribers. Remember to join the Stock Club as well for some interesting, unique and exclusive perks. And like the video. And I'll see everybody in the next one.