Here's What Joby Aviation Investors Have to Look Forward to in 2026

Core Insights - Joby Aviation is set to launch its flying taxi services in Dubai as early as 2026, marking a significant milestone in urban air mobility [1][3][12] - The company has been developing electric vertical take-off and landing aircraft (eVTOLs) for over 15 years and plans to carry paying customers for the first time in 2026 [2][3] - Joby is working towards FAA certification, which is crucial for commercial operations in the U.S. and is expected to complete flight testing next year [6][8][13] Company Developments - Joby has an exclusive agreement with the Road and Transport Authority (RTA) in Dubai, aiming to complete the construction of its first vertiport at Dubai International Airport by the end of Q1 2024 [3][12] - The company reported a loss of $401 million in Q3 and has accumulated a deficit of nearly $2.7 billion since inception, highlighting the financial challenges it faces [4][12] - Joby is expanding its manufacturing capabilities, with a factory in Marina, California, and plans for a new plant in Dayton, Ohio, to support high-volume production [10][11] Regulatory Milestones - The agreement with the RTA includes a roadmap for local approval by the UAE General Civil Aviation Authority (GCAA), which is expected to occur before FAA Type Inspection Authorization (TIA) is completed [6][7] - The TIA is viewed as the final stage before FAA certification, which involves extensive flight testing and safety evaluations [7][8] - FAA pilots are expected to begin for-credit flight testing next year, but full certification may not be achieved until 2027 [8][13] Market Outlook - Joby anticipates a growing demand for eVTOLs in urban air mobility markets, particularly in Dubai, and is focused on scaling up production to meet this demand [10][12] - The successful launch of commercial operations in Dubai would validate Joby's technology and help generate revenue after years of investment in research and development [12][13]