EXCLUSIVE: Joby's $10 Billion Flying Taxi Vision: As Commonplace As Hailing A Ride

Core Insights - Joby Aviation Inc aims for a $10 billion market opportunity, with FAA certification expected soon and early launches planned in the U.S. and Dubai [1][3] - The company acknowledges investor concerns regarding high valuations but is outlining milestones to support its valuation [2][4] Milestones and Partnerships - Joby is in the fourth of five FAA certification stages and anticipates having FAA pilots onboard next year [5] - Commercial launches are planned in New York and Dubai to demonstrate real-world demand [5] - Joby has established partnerships with Blade Air Mobility, Delta Air Lines, and Uber to ensure passenger demand post-certification, while Toyota is aiding in mass manufacturing [4][5] Market Context - The U.S. Department of Defense has requested $9.4 billion for autonomous and hybrid aircraft in its FY26 budget, reinforcing the feasibility of Joby's $10 billion vision [3] - Joby has tested its aircraft in five countries and secured a distribution agreement in Saudi Arabia worth up to $1 billion for 200 aircraft, indicating strong international demand [5]