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Joby Aviation, Inc. - JOBY STOCK NEWS

Welcome to our dedicated page for Joby Aviation news (Ticker: JOBY), a resource for investors and traders seeking the latest updates and insights on Joby Aviation stock.

Joby Aviation, Inc. (symbol: JOBY) is at the forefront of a transportation revolution, headquartered in Santa Cruz, California. Founded in 2009, Joby Aviation leverages advanced control systems and electric propulsion technologies initially developed at Joby Energy. The company aims to transform commuting with its innovative electric air taxis designed for commercial passenger service.

Joby Aviation's core strengths lie in its expertise in composite airframe design, high-fidelity aerodynamic analysis, and high-performance electric motor fabrication, supported by its sister company, Joby Motors. These combined capabilities position Joby uniquely in the burgeoning market of electric vertical take-off and landing (eVTOL) aircraft.

Recent achievements include successful test flights and strategic partnerships with major aerospace and transportation companies. Joby Aviation is committed to sustainability and efficiency, striving to reduce urban congestion and lower carbon emissions with its cutting-edge electric aircraft.

Current projects focus on refining their eVTOL technology, expanding their operational infrastructure, and navigating regulatory landscapes to ensure the safe and efficient deployment of their air taxis.

Joby Aviation's financial health is bolstered by significant investments from leading venture capital firms and strategic partners, demonstrating strong market confidence in their vision and technological advancements.

Stay updated with the latest developments and news about Joby Aviation as the company continues to pioneer a new era in urban air mobility.

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Joby Aviation (NYSE:JOBY) and Jetex have announced a strategic partnership to integrate electric air taxi services into Jetex's private terminal network. The collaboration will initially focus on Middle East locations, where Joby will install its Global Electric Aviation Charging System (GEACS). The partnership aims to connect Jetex passengers to a network of vertiports across the region.

Joby has secured exclusive rights to operate air taxis in Dubai for six years through an agreement with Dubai's Road and Transport Authority. Construction of the first vertiport has begun at Dubai International Airport. The company has also signed agreements in Abu Dhabi to establish air taxi services and has applied to become the UAE's first certificated air taxi operator.

Joby's aircraft can transport a pilot and four passengers at speeds up to 200 mph with zero operating emissions.

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Joby Aviation (NYSE:JOBY) has completed a maintenance training program with the U.S. Air Force for its electric aircraft. The four-week program, conducted at Joby's facilities in Marina, California, trained Air Force service members, including a flight test pilot and aircraft maintainers, on inspection and maintenance procedures. The training was based on the Aircraft Maintenance Manual developed for FAA type certification and included both classroom instruction and hands-on experience.

This follows the April 2023 milestone where four U.S. Air Force pilots became the first to fly Joby's eVTOL aircraft as sole remote pilot-in-command. The company's electric air taxi is designed to transport a pilot and four passengers at speeds up to 200 mph, featuring reduced noise compared to helicopters and zero operating emissions.

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Joby Aviation (NYSE:JOBY) has achieved two significant regulatory milestones: receiving an FAA Part 141 certificate for its flight academy and acceptance into the FAA Part 5 Voluntary Safety Management System (SMS) for air operations. The Part 141 certificate will enable Joby to provide streamlined pilot training and develop a qualified pilot pipeline for its future commercial air taxi operations. The SMS acceptance demonstrates the company's commitment to safety protocols and comes years ahead of the FAA mandate deadline. Both achievements are essential requirements for launching Joby's planned air taxi service, which will operate aircraft designed to carry a pilot and four passengers at speeds up to 200 mph.

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Joby Aviation (NYSE:JOBY) announced that its electric air taxi is now available in Microsoft Flight Simulator 2024, allowing players worldwide to pilot the aircraft. The game implementation results from years of collaboration to accurately capture the aircraft's dimensions, flight physics, and controls. The Joby aircraft features unified flight controls similar to vertical-lift military aircraft, enabling intuitive transition from vertical take-off to wingborne flight.

Players can fly between helipads and airports worldwide, including potential air taxi routes like JFK Airport to Downtown Manhattan. The aircraft is designed to carry a pilot and four passengers at speeds up to 200 mph, offering high-speed mobility with reduced noise compared to helicopters and zero operating emissions.

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Joby Aviation (NYSE:JOBY) has begun construction of its first vertiport at Dubai International Airport (DXB), marking the start of its planned Dubai air taxi network. This vertiport is one of four initial locations, with additional sites planned for Palm Jumeirah, Dubai Downtown, and Dubai Marina. The three-story, 3,100-square-meter facility will feature two take-off and landing stands equipped with Joby's Global Electric Aviation Charging System. The service, planned to launch as soon as late 2025, is part of an exclusive six-year agreement with Dubai Road and Transport Authority and Skyports. The vertiport will integrate with Dubai's transport network, connecting to Dubai Metro's Emirates Station 2 and DXB Airport.

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Joby Aviation (NYSE:JOBY) released its Third Quarter 2024 Shareholder Letter, detailing operational and financial results for the period ending September 30, 2024.

Key highlights include:

  • First International Demonstration: Conducted exhibition flights at Toyota's Higashi-Fuji Technical Center in Japan.
  • Test and Certification: Achieved a milestone with the FAA-conforming major sub-assembly completion.
  • Regulatory Progress: Made significant progress with regulators in targeted launch markets.
  • Toyota Investment: Toyota committed an additional $500 million investment, forming a manufacturing alliance.
  • Financial Position: Ended Q3 with $710 million in cash and short-term investments, excluding $222 million from a follow-on equity offering and the $500 million Toyota investment.

The company will host a live audio webcast on November 6, 2024, at 2:00 PM PT (5:00 PM ET) to discuss the results.

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Joby Aviation (NYSE:JOBY) completed its first international exhibition flight at Toyota's Higashi-Fuji Technical Center in Japan. The demonstration showcased the company's electric air taxi's low acoustic footprint and emissions-free capabilities. This milestone follows Toyota's recent commitment to invest an additional $500 million in Joby, bringing their total investment to $894 million. The investment includes plans for a manufacturing alliance to support initial commercialization. Joby's aircraft is designed to transport a pilot and four passengers at speeds up to 200 mph, offering an environmentally friendly alternative to traditional transportation.

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Joby Aviation (NYSE: JOBY), an electric air taxi developer, has announced the pricing of its public offering of 40,000,000 shares of common stock at $5.05 per share. The company expects to raise $202 million in gross proceeds before underwriting costs. Joby has also granted underwriters a 30-day option to purchase up to 6,000,000 additional shares. The proceeds will fund certification, manufacturing efforts, commercial operations preparation, and general corporate purposes. The offering is expected to close on October 28, 2024, with Morgan Stanley and Allen & Company serving as joint book-running managers.

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Joby Aviation (NYSE: JOBY), an electric air taxi developer, has announced a public offering of up to $200.0 million of common stock, with an additional 30-day option for underwriters to purchase up to $30.0 million more shares. The proceeds will fund certification and manufacturing efforts, commercial operations preparation, and general corporate purposes. Morgan Stanley and Allen & Company are serving as joint book-running managers. The offering follows a Form S-3 registration statement filed with the SEC on October 24, 2024.

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Joby Aviation (NYSE:JOBY) is hosting international aviation regulators at its California facilities as part of its global certification efforts. Representatives from the UK Civil Aviation Authority, Japan Civil Aviation Bureau, and Australia's Civil Aviation Safety Authority are participating in a week-long 'technology familiarization' session, engaging with Joby and FAA teams to harmonize certification approaches for electric air taxis. Joby has completed the third of five FAA type certification stages and over one-third of the fourth stage as of August 2024. The company's aircraft is designed to transport a pilot and four passengers at speeds up to 200 mph.

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FAQ

What is the current stock price of Joby Aviation (JOBY)?

The current stock price of Joby Aviation (JOBY) is $7.94 as of December 11, 2024.

What is the market cap of Joby Aviation (JOBY)?

The market cap of Joby Aviation (JOBY) is approximately 6.0B.

What does Joby Aviation do?

Joby Aviation develops electric air taxis for commercial passenger service, aiming to revolutionize urban commuting.

Where is Joby Aviation headquartered?

Joby Aviation is headquartered in Santa Cruz, California.

When was Joby Aviation founded?

Joby Aviation was founded in 2009.

What are Joby Aviation's core strengths?

Joby Aviation excels in composite airframe design, aerodynamic analysis, and electric motor fabrication.

What is the vision of Joby Aviation?

Joby Aviation aims to transform urban commuting with sustainable, efficient electric air taxis.

Who supports Joby Aviation financially?

Joby Aviation is supported by leading venture capital firms and strategic partners.

What are the current projects of Joby Aviation?

Joby Aviation is refining eVTOL technology, expanding infrastructure, and navigating regulatory landscapes.

What recent achievements has Joby Aviation made?

Recent achievements include successful test flights and strategic partnerships with major aerospace and transportation companies.

How does Joby Aviation contribute to sustainability?

Joby Aviation's electric air taxis aim to reduce urban congestion and lower carbon emissions.

Where can I find the latest news about Joby Aviation?

You can stay updated with the latest developments and news about Joby Aviation on their official website and news outlets.

Joby Aviation, Inc.

NYSE:JOBY

JOBY Rankings

JOBY Stock Data

5.97B
504.68M
34.02%
39.94%
9.57%
Airports & Air Services
Aircraft
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United States of America
SANTA CRUZ