Joby Aviation stock (NYSE: JOBY) has captivated Wall Street with its vision of electric vertical takeoff and landing (eVTOL) aircraft transforming urban transportation. The stock has experienced a remarkable rise, increasing by over 200% from under $6 a year ago to approximately $17 now.
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to discuss Joby's strategy and how you should trade it.
JOBY's 41% surge follows successful airshow demos, a key acquisition and commercial expansion plans--but risks still loom large.
Joby Aviation Inc (NYSE:JOBY) shares slid nearly 11% to $16.90 in late-morning trading on Wednesday after the electric air taxi developer priced its previously announced underwritten equity offering at $16.85 per share. The offering is priced at a substantial discount to the stock's closing price of $18.91 on October 7, 2025.
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.