Overview
- Shares are down almost 25% year to date with the stock trading below five-year levels, leaving Joby at roughly a $9.6 billion market value.
- Joby says it expects to begin passenger service in Dubai this year, while its S-4 aircraft remains under FAA safety evaluation for U.S. operations.
- The company reports producing about two aircraft per month across facilities in California and Ohio.
- Growth plans center on booking through the Uber app and the $125 million purchase of Blade’s passenger business, adding terminals and a ready customer base.
- Morgan Stanley highlights distribution advantages and certification progress, as other analysis flags a rich valuation versus established operators and a likely smaller air-taxi market.