So I had this all written up, then accidentally exited out of the screen without saving it and had to start all over… don’t smoke weed kids.
Anyway, today I want to talk about Experience Investment Corp (EXPC). This is a blank check company (SPAC), that has a definitive agreement to merge with Blade to take the company public. It closed on Friday at $14.80 per share.
Blade to me is like an Uber service that uses helicopters. Yes helicopters.. nice. It’s a company where you “fly the future, today”. Genius, love it, sign me up.
I first noticed this company thanks to Cathie Wood from ARK Invest. I noticed she bought shares on January 20th, and has been buying shares on almost a daily basis since, resulting in about over 660,000 thousand shares since then. Something tells me she likes the company.
About Blade
Blade is an easy to use helicopter service that operates in key cities. Here’s a video I found one their website that shows exactly how the company operates. It’s pretty cool and looks really easy to use. I mean like I said, it’s very similar to Uber. Especially in regards to how the app operates.
These guys only operate in major key cities so far, with NY being their biggest region as of now. The number of cities and routes is expected to grow over time, especially after the release of eVTOL, or Electric Vertical Takeoff & Landing aviation. It’s an electric helicopter.
