Joby's bet on Blade is paying off: Uber deal boosts air taxis in NYC and other key markets

Core Insights - Uber is partnering with Joby Aviation to integrate Blade's helicopter service into the Uber app, aiming to offer urban air travel options as early as next year [2][3][6] Company Developments - Joby Aviation acquired Blade Air Mobility for $125 million, gaining access to an established network of terminals, which will facilitate its entry into urban markets [3] - Joby aims to launch its all-electric vertical takeoff and landing (eVTOL) aircraft in key urban areas, with a focus on reducing traffic congestion and providing faster commutes [5][6] Market Performance - Joby Aviation's stock experienced volatility, initially rising in pre-market trading but settling to a 1% increase by midday, while Uber's stock fell over 1% [9] - In Q2 2025, Joby reported an earnings per share (EPS) of -$0.24, missing estimates, and a revenue drop of 94.6% year-over-year to $0.02 million [10] - Conversely, Uber's Q2 2025 earnings exceeded expectations, with revenue of $12.65 billion, an 18% year-over-year growth [10]