Joby Aviation

JOBY

Market cap $15.7B

Joby Aviation (JOBY -2.90%) has become one of the most closely watched names in electric aviation. The company aims to make air taxis a reality for everyday use -- offering fast, quiet, and zero-emission flights across congested cities.

Joby Aviation (JOBY 7.84%) is leading the air taxi revolution with powerful partnerships and a major FAA milestone approaching. As competition with Archer heats up, investors are watching for the next catalyst that could push shares to new highs.

Most investors probably step into a stock with the intent of holding on to it indefinitely (as long as nothing significant changes, and it continues to perform well). Sometimes, though, new technologies put a company and its stock in a position to shine brilliantly for only a few years.

Joby Aviation (JOBY 2.53%) stock has had a hot run in 2025, roughly doubling through market close Oct. 13.

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.

Joby Aviation (JOBY -4.87%) has long been one of the most ambitious names in electric aviation. The company aims to integrate air taxis into everyday life, offering fast, quiet, and zero-emission flights across congested cities.

Most investors see flying taxis as science fiction. But while skeptics debate whether electric vertical takeoff and landing (eVTOL) aircraft will ever move beyond tech demos, Joby Aviation (JOBY -1.35%) is assembling its first certification-ready aircraft and booking passengers for 2026 flights in Dubai.

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY) (“Joby”), a company developing electric air taxis for commercial passenger service, announced today the closing of an underwritten offering of 35,075,000 shares of its common stock at an offering price of $16.85 per share. The shares of common stock issued and sold in the offering include 4,575,000 shares issued upon the exercise in full by the underwriter of its option to purchase additional shares of common stock at the off.

Joby Aviation raised $514 million via equity to fund eVTOL certification and manufacturing, causing a 9% stock drop. Capital raises are routine for eVTOL developers like JOBY, given high development costs and a lack of near-term revenue or cash flow. Valuation metrics suggest JOBY is fairly valued at 12x P/B, with potential downside if historical multiples are applied, and more capital raises are likely.

Joby Aviations (JOBY) shares has jumped nearly 200% over the last year but saw a strong sell-off today after the company announced a new share offering. As George Tsilis points out, speculation surrounding Tesla's (TSLA) latest EV announcement didn't help Joby, either.