Shares of Joby Aviation (JOBY 11.02%) are rising on Monday, up 11.6% as of 3:41 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were up 0.4% and 0.5%, respectively.
Joby Aviation has delivered its first electric vertical takeoff and landing, or eVTOL, aircraft to the United Arab Emirates. The company plans to roll out an air taxi service in the Middle East nation next year.
Joby Aviation Inc (NYSE:JOBY) shares took off on the news that the electric air taxi company has successfully completed a series of piloted vertical-takeoff-and-landing (VTOL) wingborne flights in Dubai. The company said this marks the start of its commercial market readiness efforts in the region, where it anticipates carrying its first passengers in 2026.
SANTA CRUZ, Calif. & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced a historic milestone: its electric air taxi has successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai, marking the start of its commercial market readiness effor...
At one time, the idea of providing passengers an air taxi service via electric-powered aircraft that take off and land vertically may have seemed the stuff of science fiction. But not today.
Joby Aviation (NYSE: JOBY) is experiencing significant momentum in the electric vertical take-off and landing (eVTOL) sector, evidenced by a 65% surge in its stock over the past year. This growth is driven by increasing demand for its air taxi services and strategic progress in its commercialization efforts.
Joby reported a Q1 2025 adjusted EBITDA loss of $127 million and negative free cash flow of $139 million, with $813 million in cash on hand. Bank of America forecasts a 62% CAGR in eVTOL deliveries through 2030, exceeding 250,000 aircraft in service by 2045. Joby's model spans direct sales, capital-light JVs with ANA and Virgin Atlantic, and full-stack U.S. operations in cities like NYC and LA.
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