Joby is advancing toward certification, with TIA test flights set for 2025 and type approval expected in 2026. Liquidity of $991M plus Toyota's $250M support provides nearly two years of financial runway. The Blade acquisition and Uber integration give Joby ready infrastructure and direct booking access, accelerating commercialization.
Joby Aviation (JOBY) offers strong innovation potential in the eVTOL market, but its share price is highly speculative and difficult to value fundamentally. JOBY has made significant progress on FAA certification, manufacturing partnerships, and commercialization readiness, including collaborations with Blade, Uber, Toyota, and L3Harris. Despite a solid cash position now, JOBY faces future dilution risks and extreme valuations, with real revenue expected only from 2026 onward.
JOBY joins the White House eVTOL Pilot Program, as it pushes toward air taxi commercialization.
Joby Aviation (JOBY) rallied earlier today on an announcement that Uber Technologies (UBER) will feature Blade air mobility services on its app. As George Tsilis explains, it's a win for Joby, though the stock needs something more if it's to fly back to all-time highs.
Joby shines with autonomous flight milestones and Blade's passenger business buyout, but premium valuation and looming risks weigh on its outlook.
Joby is 70% through Stage 4 certification requirements and over 50% on the FAA side, targeting 2026 pilot flights. The Blade acquisition adds a 50,000-passenger helicopter network, New York vertiports, and European routes, accelerating commercialization instantly. Defense contracts with L3Harris leverage DoD's $9.4B FY26 request, positioning Joby as the only eVTOL with military delivery.
Joby Aviation NYSE: JOBY has entered a period of consolidation after a powerful rally that saw its stock surge over 150% in just three months, reaching an all-time high above $20 per share. The stock has since returned to the $15-$16 range, a move that cautious headlines have primarily driven.
A 12 minute flight in California is power Joby stock higher in early Friday trading.
I expect revenue acceleration for Joby Aviation to begin next year, with the start of commercial operations in Dubai. Blade deal (~$125M) gives licenses, terminals, and brand access in the U.S. and Europe, positioning routes like Manhattan–JFK/Newark and Nice–Monaco ahead of the anticipated certification. I believe the biggest upside is in the aircraft sales pipeline: up to 200 Saudi aircraft (~$1B) with Abdul Latif Jameel, a +100 aircraft ANA JV in Japan.
We focus on identifying futuristic industries poised to outperform, with flying electric vehicles as a prime example. Joby Aviation and Archer Aviation are top contenders in this emerging sector, each with strong growth and earnings potential. I analyze both companies to determine which is better positioned for future dominance and potential monopoly/duopoly status.
Despite a wider Q2 loss and decline in revenues, JOBY's commercialization moves and the Blade Air Mobility deal are likely to boost its air taxi ambitions.
Joby Aviation is pioneering electric air taxis, showing strong momentum despite Q2 earnings misses, and is positioned to revolutionize urban mobility. Short-term financial pain is offset by long-term potential, with significant progress in FAA certification, operational readiness, and strategic acquisitions like Blade Air Mobility. Joby leads competitors in regulatory milestones and commercial readiness, benefiting from macro tailwinds in urban congestion and defense interest in low-altitude mobility.