Air taxis have been under development for over a decade, and they're finally getting close to reality. A recent ruling by the Federal Aviation Administration lays the groundwork for flights as early as next year, and Joby Aviation (JOBY 0.61%) and Archer Aviation (ACHR -0.52%) are leading the space. In this video, Travis Hoium covers the recent news and opportunities for these stocks.

*Stock prices used were end-of-day prices of Oct. 28, 2024. The video was published on Oct. 28, 2024.