Why Joby Stock Is Gaining Altitude Today

Group 1 - Joby Aviation's stock has seen a significant increase, rising 14.4% following the announcement of a new acquisition [2][4] - The acquisition involves the urban air mobility business of Blade Air Mobility, valued at up to $125 million, providing Joby immediate market access in New York City and Southern Europe [4][5] - Joby will become the preferred VTOL partner for Blade's organ transport business, although Blade's medical division is not included in the acquisition [5] Group 2 - The acquisition is strategically important for Joby, supporting the launch of its commercial operations in Dubai and its global rollout [5][6] - Blade estimates that it flew over 50,000 passengers in 2024 from a network of 12 urban terminals, enhancing Joby's position in the air taxi market [6][7] - This acquisition adds to the compelling reasons for investors to consider buying Joby shares at this time [7]