Joby Aviation, Inc. WT
JOBY-WT
New York Stock Exchange1.45
USD
-0.15
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Joby Aviation, Inc. WT
JOBY-WT
(New York Stock Exchange)
Recent
price
1.45
P/E
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Joby Aviation, Inc. WT (NYSE: JOBY-WT) develops and manufactures electric vertical takeoff and landing (eVTOL) aircraft for commercial air taxi services, urban air mobility, and defense applications. The company offers its flagship S4 production prototype eVTOL aircraft, capable of transporting a pilot and four passengers at speeds up to 200 mph over a range of 100 miles on a single charge; hybrid turbine-electric VTOL demonstrators for extended-range autonomous operations; and related services including aerial ridesharing via app-based booking, FAA Part 135 air carrier operations, and maintenance platforms powered by IFS Cloud. Joby Aviation designs its quiet, zero-emission aircraft with six tilting electric rotors for vertical takeoff and landing in urban environments, targeting reductions in road congestion and sustainable transit solutions. Founded in 2009 and headquartered in Santa Cruz, California, the company maintains manufacturing facilities and offices in Marina and San Carlos, California; Dayton, Ohio; Washington, D.C.; and Munich, Germany, with global operations expanding into the Middle East, including Saudi Arabia, Dubai, Kazakhstan, and the UAE. Joby serves urban commuters, medical transport providers, government agencies, and defense customers, operating within the advanced air mobility and electric aviation sectors. In the past two years, Joby Aviation has pursued significant strategic expansions, including a $125 million agreement in August 2025 to acquire Blade Air Mobility's passenger rideshare business, positioning its aircraft as the preferred partner for medical missions; a collaboration with L3Harris announced in 2025 to develop autonomous hybrid VTOL for defense; acquisition of Xwing's autonomy division in June 2024; and partnerships with NVIDIA for next-era autonomous flight and Toyota for ongoing investments totaling over $500 million. The company has scaled manufacturing with a new facility in Dayton, Ohio, for propeller blades, expansions in Marina, California, targeting over 500 aircraft annually by 2026 supported by $19.8 million in grants, and power-on testing of its first conforming aircraft entering the final stage of FAA type certification. Additional milestones include inaugural flights of turbine-electric demonstrators, entry into Saudi Arabia and Dubai air taxi networks, and selection for the FAA's eVTOL Integration Pilot Program in September 2025 to enable limited operations ahead of full certification expected in 2025.