Joby Aviation, Inc. (JOBY)

In July 2025, Joby announced the completion of an expanded manufacturing facility in Marina, California. In August 2025, Joby agreed to acquire Blade Air Mobility's passenger rideshare business for $125 million. In September 2025, Joby Aviation joined the FAA's eVTOL Integration Pilot Program (eIPP). In October 2025, propeller blade production started in Ohio. On November 5, the company reported mixed third-quarter 2025 results. In December 2025, Joby announced a partnership with Metropolis Technologies to develop 25 vertiports across North America. In January 2026, Joby signed an agreement to acquire a second manufacturing facility in the Dayton, Ohio area to support plans to double production by 2027. The stock price increased by 93.34% from January 13, 2025, to January 9, 2026, and was trending up by 9.99% on January 5, 2026, but had retreated by approximately 26% from its highest point in September 2025.

Demand seasonality for Joby Aviation's products and services is largely undefined, as the urban air mobility market is in its early stages of development and commercialization. The company is transitioning from a capital-intensive research and development phase to a scalable operational model. Actual consumer demand for air taxi services is yet to be fully established, and Joby's future profitability is highly dependent on market adoption and the successful launch of its commercial services.

Joby Aviation, Inc. is an aerospace company focused on developing and commercializing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility, aiming to revolutionize transportation with a faster, cleaner, and quieter air taxi service. The company operates within the Aerospace and Advanced Air Mobility sectors, targeting the Urban Air Mobility (UAM) industry with its all-electric eVTOL aircraft designed for commercial passenger service. Joby's business model centers on providing a ride-hailing service using its eVTOL aircraft, investing in infrastructure development, and forming strategic partnerships to support its operations. Joby's aircraft are also being explored for logistics missions and have potential military applications.

Joby Aviation is headquartered in Santa Cruz, California, with offices in San Carlos, Marina, California, and Munich, Germany, and a presence in Washington D.C. Its primary operations are concentrated in California, and it is expanding its manufacturing capabilities in Ohio with two facilities near Dayton International Airport. Joby is pursuing market opportunities through partnerships in South Korea, Japan, and Dubai, where it has an agreement for exclusive air taxi operations.

Joby Aviation has maintained a strong brand reputation due to progress in eVTOL development and strategic partnerships. The company has made continued progress towards FAA certification, including power-on testing of its FAA-conforming aircraft. Joby has conducted successful flight demonstrations, including over 850 flights across its fleet in 2025, logging over 50,000 miles, and international demonstrations. Strategic partnerships with major companies like Toyota, Delta Air Lines, Uber, SK Telecom, and ANA Holdings Inc. have contributed to its reputation. Agreements for air taxi operations in key global markets, notably an exclusive six-year agreement in Dubai, have also boosted the brand. The acquisition of Blade Air Mobility's passenger rideshare business in August 2025 brought real-world operations into Joby's ecosystem. Governmental support and participation in programs like the FAA's eVTOL Integration Pilot Program have provided a clear policy roadmap for advanced air mobility.

Joby Aviation, Inc. has a diverse ownership structure, including institutional, insider, and retail investors. Major institutional owners include Toyota Motor Corp, Baillie Gifford & Co, Vanguard Group Inc, BlackRock, Inc., Capricorn Investment Group LLC, Intel Corp, UBS Group AG, and Delta Air Lines. Uber Technologies Inc. is also a significant investor. Insiders hold approximately 37.20% of the company's stock.