Joby Aviation stock pops 14% after delivering first flying taxi to UAE

Group 1 - Joby Aviation's stock increased by approximately 14% following the delivery of its first electric air taxi to the UAE and the completion of piloted flight tests, with a service launch planned for 2026 [1][2] - The CEO of Joby Aviation, JoeBen Bevirt, emphasized the significance of their operations in Dubai as a crucial step towards integrating air taxi services into everyday life globally, referring to the UAE as a "launchpad for a global revolution in how we move" [2] - The planned launch in the UAE was part of an agreement with Dubai's Road and Transport Authority, which grants Joby exclusive rights to operate air taxi services in Dubai for six years, announced in February 2024 [2]