This article was written by Doug Nathman, with research by his team at Trefis.
Joby Aviation stock remains in a freefall this week and is hovering at its lowest level since May 2025. It slipped to $6.30, down more than 70% from its high last year, with its valuation falling from over $17.4 billion to $6.2 billion today.
Joby Aviation would sport a $64 billion market cap if it grew tenfold from today. To support that valuation, however, Joby would have to scale its business immensely.
Joby Aviation, Inc. (JOBY) reported earnings 30 days ago. What's next for the stock?
Joby Aviation is deeply undervalued at $7, despite strong progress toward eVTOL certification and air taxi launch. The potential $750M ATM capital raise, linked to the $500M Resonant Sciences acquisition, pressures the stock but adds a $100M+ revenue defense unit. JOBY is on track for a $2B revenue target by 2030, with near-term catalysts including eIPP services in Dallas-Fort Worth and Dubai.
Joby Aviation (JOBY -4.12%) is one of the most innovative companies in the world.
Joby Aviation reached an agreement to acquire Resonant Sciences for $500 million in cash and stock, according to a regulatory filing posted Tuesday. This is the electric air taxi developer's latest move to push deeper into the defense sector.
Joby Aviation is nearing air-taxi commercialization as certification and revenue advance, but steep losses, cash burn and a rich valuation keep execution risks high.
Joby Aviation's September eIPP flights in Texas could test operational readiness as FAA certification, production and passenger-launch efforts advance.
Joby Aviation NYSE: JOBY said it plans to begin its first flights under the federal electric vertical takeoff and landing integration pilot program, or eIPP, in Texas next month, as the company prepares for commercial passenger operations and expands manufacturing and infrastructure efforts.
Joby Aviation's Q2 revenues beat, Blade's strength and raised 2026 outlook outweigh a wider loss, sending shares 5.5% higher.
Joby Aviation, Inc. (JOBY) Q2 2026 Earnings Call Transcript