Joby Tumbles On $513 Million Stock Offering After Air Taxi Demos

Core Viewpoint - Joby Aviation announced a major stock offering, which may impact its recent stock gains [1] Company Summary - Joby Aviation plans to sell 30.5 million shares of common stock at a price of $16.85 per share [1] - The stock offering is expected to generate approximately $513.9 million in gross proceeds [1] Industry Context - The announcement comes amid positive momentum in the air taxi sector, with Joby and Archer experiencing stock rallies due to air taxi demonstrations [1]