Joby Aviation Stock Price, News & Analysis

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company that is developing an all-electric, vertical take-off and landing (eVTOL) air taxi for commercial passenger service. According to company disclosures, Joby intends to both operate its own fast, quiet and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. The company is classified in the aircraft manufacturing industry within the broader manufacturing sector.

Joby’s aircraft is described as an electric air taxi designed for commercial passenger use, with the aim of serving urban and regional routes. Polygon data notes that the Joby eVTOL aircraft is designed to transport a pilot and up to four passengers, or an expected payload of up to 1,000 pounds, and is optimized for urban routes with a target range of up to 100 miles on a single charge and speeds of up to 200 mph. Joby’s business model combines aircraft manufacturing with operating air taxi services, as well as providing flight services to government customers.

According to Polygon’s description, Joby reports a single operating and reportable segment, flight services. At the time of that description, the company generated all of its revenue from flight services provided to the U.S. Department of Defense. In addition, Joby has stated that it is developing an app-based platform intended to support an aerial ridesharing service powered by a network of its eVTOL aircraft that it will manufacture and operate.

Manufacturing footprint and production strategy

Joby is building out a manufacturing footprint in the United States to support production of its electric air taxis. The company has existing production facilities in California and Ohio, and it has announced plans to expand capacity over time. In a Business Wire press release referenced in a Form 8-K filed on January 7, 2026, Joby disclosed that it signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area spanning more than 700,000 square feet. The related 8-K describes a Purchase and Sale Agreement, under which a Joby subsidiary agreed to purchase approximately 728,000 square feet of real property and improvements in Vandalia, Ohio.

The press release titled “Joby to Expand Manufacturing Footprint with Acquisition of Second Ohio Facility” explains that this facility is expected to support Joby’s plans to increase aircraft production and provides space for future growth. The company describes this as part of a dual-site manufacturing strategy, with manufacturing lines in California and Ohio. Joby has also announced the completion of an expanded manufacturing facility in Marina, California and the start of propeller blade production in Ohio, as part of its broader manufacturing build-out.

In another Business Wire release, “Joby Announces Plans to Double Manufacturing Capacity in United States,” Joby states that it is making investments to double its manufacturing capacity in the United States to support production of four aircraft per month in 2027. The company notes that aircraft will be produced from its facilities in California and Ohio and that it has begun procuring capital equipment and hiring to support round-the-clock manufacturing operations at its California site.

Technology, training and operational readiness

Joby’s disclosures emphasize certification, pilot training and operational maturity as key elements of its business. In a release titled “Joby Prepares for First Wave of Air Taxi Pilot Training With CAE Flight Simulators,” the company announced that it accepted the first of two next-generation flight simulators developed with CAE, a pilot training company. These simulators are designed to provide a high-fidelity, hyper-realistic environment for pilot training and are described as central to Federal Aviation Administration (FAA) qualification for commercial single-pilot eVTOL operations.

The first simulator is expected to be qualified by the FAA as a Level 7 Flight Training Device, while the second is expected to be a Level C Full Flight Simulator. Joby states that the simulators are designed as a digital twin of its aircraft and are intended to support training of up to 250 pilots annually at its manufacturing and pilot training center in Marina, California. The company notes that these simulators are important to its Part 135 operations plans and to developing scalable pilot training infrastructure.

Joby has also highlighted its progress toward FAA Type Certification. In an 8-K filed on November 5, 2025, the company reported issuing a press release titled “Joby Begins Power-On Testing of First Conforming Aircraft, Enters Final Stage of Type Certification Process.” Joby describes this as a critical milestone on the path to certifying its aircraft for commercial use, with power-on testing of the first of several FAA-conforming aircraft to be built for Type Inspection Authorization (TIA), the final stage of the FAA Type Certification process.

Operationally, Joby reports extensive flight testing and demonstration activity. In a release titled “Joby Caps Year of Flight, Demonstrating Global Commercial Readiness and Operational Momentum Towards FAA Certification,” the company describes more than 850 flights across its electric air taxi fleet in 2025, covering over 50,000 miles. These flights included piloted demonstrations in multiple countries, point-to-point flights between public airports, and participation in international events such as the World Expo in Osaka, Japan and the Dubai Airshow. Joby states that this operational tempo has been important for validating its aircraft design, manufacturing processes and readiness for commercial deployment.

Commercialization strategy and partnerships

Joby’s public statements outline a commercialization strategy that combines operating its own air taxi services with selling aircraft and services to partners in multiple geographies. The company has announced partnerships and agreements in the United States, the Middle East, Central Asia and other regions, often involving local regulators, infrastructure providers and transportation operators.

In the United States, Joby emphasizes alignment with the U.S. Department of Transportation’s Advanced Air Mobility (AAM) National Strategy. In a release titled “Joby: U.S. Government’s Advanced Air Mobility Plan is Pivotal Step Toward Commercial Launch,” the company expresses support for the AAM National Strategy and notes that it plans to engage on recommendations related to infrastructure, workforce, safety and data sharing. Joby highlights its approach of leveraging existing or repurposed infrastructure for early operations and its participation in the planned eVTOL Integration Pilot Program (eIPP), which is intended to validate operational use cases and routes ahead of final Type Certification.

Internationally, Joby has announced a six-year exclusive agreement with Dubai’s Roads and Transport Authority (RTA) to establish air taxi services in Dubai. In the release “Dubai Air Taxi Network Takes Flight: Joby Completes Landmark Flight and Announces Next Vertiport Locations,” the company describes a landmark piloted point-to-point flight in the United Arab Emirates and confirms development of vertiports at locations such as Dubai Mall, Atlantis the Royal and the American University of Dubai, in collaboration with Skyports Infrastructure and local property developers.

In Saudi Arabia, Joby and the General Authority of Civil Aviation (GACA) announced plans for the deployment of electric air taxi services in the Kingdom. The memorandum of understanding described in the release “Joby, Saudi Arabia Announce Plans for Deployment of Electric Air Taxi Service” aims to use FAA certification standards as a foundation for a streamlined approval process. Joby also references broader commercialization plans in Saudi Arabia, including an agreement with Abdul Latif Jameel to explore delivery of up to 200 aircraft and collaboration with Aloula Aviation, the aviation subsidiary of Saudi Aramco.

In Kazakhstan, Joby announced a letter of intent to sell eVTOL aircraft and services valued at up to $250 million to Alatau Advance Air Group, a company focused on introducing air taxis in that country. The related 8-K dated November 6, 2025 notes that the agreement includes pre-delivery payments and collaboration with Kazakhstan’s Ministry of Artificial Intelligence and Digital Development on regulatory and infrastructure support, as well as access to critical materials such as titanium and rare earth metals.

Acquisitions and corporate development

Joby has used acquisitions and capital markets activity to support its growth. In an 8-K filed on August 1, 2025, the company disclosed an Equity Purchase Agreement to acquire the passenger segment of Blade Air Mobility, Inc. (now Strata Critical Medical, Inc.) through the purchase of all outstanding equity interests of Blade Urban Air Mobility, Inc. The agreement provides for consideration of up to $125 million, payable in cash or Joby common stock, subject to conditions and potential earn-out and retention components.

Subsequently, an 8-K filed on August 29, 2025 reports that Joby filed a prospectus supplement relating to the resale of shares issued in connection with this acquisition and issued a press release titled “Joby Completes Acquisition of Blade’s Passenger Business.” The same 8-K also notes a prospectus supplement for shares issued to Toyota Motor Corporation under an amended and restated stock purchase agreement, which provides for the issuance and sale of up to 99,403,579 shares of Joby common stock to Toyota.

Joby has also raised capital through public offerings. An 8-K dated October 7, 2025 describes an underwriting agreement with Morgan Stanley & Co. LLC for an underwritten public offering of Joby common stock, with net proceeds estimated at approximately $500.5 million. The company states that it intends to use the net proceeds, together with existing cash, cash equivalents and short-term investments, to fund certification and manufacturing efforts, prepare for commercial operations and for general working capital and corporate purposes.

Government, defense and advanced technologies

Government and defense-related activities form part of Joby’s business profile. Polygon’s description notes that Joby has generated revenue from flight services provided to the U.S. Department of Defense. In addition, Joby has publicized its participation in U.S. defense exercises and its development of autonomous flight technologies. In the “Joby Caps Year of Flight” release, the company reports that its Superpilot autonomous flight technology logged more than 7,000 miles of flight in a U.S. defense exercise over the Pacific Ocean.

An 8-K filed on August 1, 2025 references a press release titled “Joby Collaborates with L3Harris to Pursue Defense Applications for Autonomous Hybrid VTOL Aircraft,” indicating that Joby is exploring defense applications for hybrid vertical takeoff and landing aircraft in collaboration with a defense technology partner. Joby also notes that its workforce and apprenticeship programs contribute to building an advanced air mobility workforce in the United States, including at its manufacturing sites in Ohio and California and through its aviation academy for pilots and aircraft mechanics.

Regulatory filings and reporting

As a public company listed on the New York Stock Exchange under the ticker JOBY, Joby Aviation, Inc. files periodic and current reports with the U.S. Securities and Exchange Commission (SEC). The recent 8-K filings included in the input data cover material definitive agreements, capital markets transactions, acquisitions, operational milestones and Regulation FD disclosures. These filings provide insight into Joby’s strategic priorities, including certification progress, manufacturing expansion, international partnerships and capital raising.

FAQs about Joby Aviation, Inc.

• What does Joby Aviation, Inc. do?
  Joby Aviation, Inc. is a California-based transportation company that is developing an all-electric, vertical take-off and landing air taxi for commercial passenger service. The company plans to operate air taxi services in cities and to sell its aircraft to other operators and partners.
• How does Joby generate revenue?
  According to Polygon’s description, Joby reports one operating and reportable segment, flight services, and at the time of that description generated all of its revenue from flight services provided to the U.S. Department of Defense in the United States.
• What is Joby’s core business model?
  Joby’s public statements describe a business model that combines manufacturing electric air taxi aircraft with operating air taxi services. The company also plans to develop an app-based platform to support an aerial ridesharing service using its eVTOL aircraft.
• Where does Joby manufacture its aircraft?
  Joby reports production facilities in California and Ohio. It has completed an expanded manufacturing facility in Marina, California and has begun propeller blade production in Ohio. In addition, it has agreed to acquire a large manufacturing facility in the Dayton, Ohio area to expand its manufacturing footprint.
• What is Joby’s strategy for pilot training?
  Joby is working with CAE to deploy high-fidelity flight simulators that are expected to be qualified by the FAA as advanced training devices. These simulators are intended to serve as digital twins of Joby’s aircraft and to support training of up to 250 pilots per year at its Marina, California pilot training facility.
• How is Joby progressing toward FAA certification?
  Joby reports that it has finalized its certification blueprint (G-1) with the FAA and has begun power-on testing of its first FAA-conforming aircraft for Type Inspection Authorization, which is the final stage of the FAA Type Certification process. The company states that it is entering the final stages of validating design, flight and manufacturing data.
• In which markets does Joby plan to operate air taxi services?
  Joby has announced plans and agreements involving multiple markets, including the United States, Dubai in the United Arab Emirates, Saudi Arabia and Kazakhstan. These plans involve collaboration with local regulators, transportation authorities and infrastructure partners.
• What acquisitions has Joby completed?
  Joby has entered into and completed an acquisition of the passenger segment of Blade Air Mobility, Inc. (now Strata Critical Medical, Inc.), purchasing all equity interests of Blade Urban Air Mobility, Inc. The company has also entered into a significant stock purchase agreement with Toyota Motor Corporation, under which Toyota may purchase a substantial number of Joby shares.
• Is Joby involved in defense or government programs?
  Yes. Polygon’s description notes that Joby has generated revenue from flight services provided to the U.S. Department of Defense. Joby has also reported participation in U.S. defense exercises using its Superpilot autonomous flight technology and has announced a collaboration with L3Harris to pursue defense applications for autonomous hybrid VTOL aircraft.
• What is Joby’s stock exchange listing and ticker symbol?
  Joby Aviation, Inc. is listed on the New York Stock Exchange under the ticker symbol JOBY.