An Uber flying car is getting closer to reality, but we have a better way to invest in "flying taxis," and you don't have to wait for the 2019 Uber IPO...
"One company I've followed closely for decades just bought a startup focused on autonomous air taxis," Money Morning Director of Technology & Venture Capital Michael A. Robinson said on Oct. 18.
"And I believe that company is the single best way to play this emerging tech trend," said Robinson.
Yes, flying cars seem like just a fantasy right now, but that isn't stopping companies from trying to develop them.
Uber hopes to have its own aerial taxis in Los Angeles, Dallas-Fort Worth, and Dubai by 2020.
In the promotional video below, you can see how it will work.
Uber Elevate
But while Uber's goals are at least three years away, Robinson has a way to make a profit right now from flying vehicles. A 100-year-old company just bought a startup in October that has already tested flights and that could make flying taxis a reality.
One brokerage firm projects the stock price for this company will climb 24% in the next 12 months, according to FactSet. That estimate could be conservative now that this company is set to beat Uber into the flying car industry...
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That isn't even counting the $1.42 dividend it pays, which is a yield of 2.18%.
Here's exactly how to profit...
How to Make a 24% Gain on Flying Cars Right Now
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The way to profit right now from flying cars is Boeing Co. (NYSE: BA).
Boeing acquired Aurora Flight Sciences on Oct. 5, a Virginia startup that builds unmanned vehicles for commercial and military use.
Aurora just completed its first test flight in April of its LightningStrike XV-24A Demonstrator Craft, a vertical takeoff and landing craft (VTOL).
The vehicle is 325 pounds, but the company plans to test a 12,000-pound, full-scale XV-24A when the kinks are worked out in the smaller version.
"Boeing's exposure to the commercial, military, and space markets brings a strong and profitable platform," Robinson said.
"And its early push into autonomous air taxis is just one of the ways the firm plans to bring even more gains to investors in the future," said Robinson.
In addition to the future revenue Aurora Flight Sciences will bring Boeing, it also has billion-dollar contracts rolling in for its current vehicle lines.
Recent deals include:
- A $1.3 billion deal with Ethiopian Airlines for four large cargo planes, on Nov. 14.
- A $37 billion deal with China Aviation Supplies Holding Co., on Nov. 9
- A $13.8 billion deal with Singapore Airlines, on Oct. 23
That's all just within the last month.
Deals like this have analysts bullish on the BA stock price, with one projecting it will climb to $325 in the next 12 months. From today's opening price of $262, that's a potential profit of 24.04%.
We don't know Aurora's revenue, because it was a private company, but Robinson believes Aurora is only going to help the BA stock price climb.
"If you hope to hail an air taxi someday, you better start planning now. And one of the best ways to start piling up big gains that you can put aside for just that big ride is Boeing," said Robinson.
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