Transaction Overview - Blade Passenger division 将以高达 1.25 亿美元的价格出售给 Joby Aviation[9]，这笔交易的价格可能会以现金或 Joby 股票支付[10] - Blade 的医疗部门将保留公开上市资格，并更名为 Strata Critical Medical ("Strata")，成为一家纯粹的合同医疗业务公司[9] - 预计资产剥离在调整后的 EBITDA 和自由现金流方面将保持中性，并得到约 700 万美元的年度企业成本效率的支持[9] Financial Performance (Q2 2025) - Medical 部门收入同比增长 18%[18] - Passenger 部门收入同比下降 13%[13] - Medical 部门调整后的 EBITDA 利润率为 13.4%，同比下降 1 个百分点[18] - Passenger 部门调整后的 EBITDA 同比增长 160 万美元[18] - 短途收入（不包括加拿大）同比下降 6%[18] Medical Segment Growth Drivers - 2018 年至 2024 年，心脏、肝脏和肺移植距离增加了 64%[38] - Blade 在器官移植航空物流领域的市场份额估计约为 30%[40] - 地面运输的总潜在市场为 2 亿美元[46] - 器官配置服务的总潜在市场约为 2.5 亿美元[53] Trinity Air Medical Acquisition Impact - 截至 2024 年 9 月 30 日的 12 个月内，Blade/Trinity Medical 部门的总收入约为 1.42 亿美元，分部调整后的 EBITDA 为 1630 万美元[62]

Core Insights - Blade Air Mobility, Inc. reported a 4.2% increase in revenue to $70.8 million for Q2 2025 compared to $67.9 million in Q2 2024, driven primarily by growth in the Medical segment [9][12] - The company announced the sale of its Passenger division to Joby Aviation for up to $125 million, while the Medical division will remain a standalone public company, rebranding as Strata Critical Medical [6][8] - Net loss improved significantly by $7.6 million year-over-year to $(3.7) million in Q2 2025, with Adjusted EBITDA increasing by $2.2 million to $3.2 million [6][14] Financial Results - Total revenue for the six months ended June 30, 2025, was $125.1 million, up 4.7% from $119.5 million in the same period of 2024 [3][9] - Cost of revenue increased by 2.9% to $53.1 million in Q2 2025, while total operating expenses decreased by 5.4% to $75.8 million [3][9] - Gross profit rose to $12.9 million in Q2 2025, reflecting a gross margin improvement to 18.2% from 16.7% in Q2 2024 [3][9] Segment Performance - Medical revenue increased by 17.6% year-over-year to $45.1 million in Q2 2025, while Passenger segment revenue decreased by 13.2% to $25.7 million [9][35] - Flight profit for the Medical segment was $9.9 million, with a flight margin of 22.0%, while the Passenger segment achieved a flight profit of $7.8 million and a flight margin of 30.5% [39][40] - The company reported a decrease in Short Distance revenue by 17.8% to $17.2 million, attributed to reduced demand following a helicopter incident and inclement weather [9][14] Strategic Updates - The divestiture of the Passenger division is expected to be neutral to Adjusted EBITDA and Free Cash Flow on a go-forward basis, supported by estimated corporate cost efficiencies of approximately $7 million [9][12] - Blade's Medical division will focus on contractual healthcare solutions with no direct reimbursement risk, aiming for a strong growth profile [8][9] - The company ended Q2 2025 with $113.4 million in cash and short-term investments, positioning itself for future growth and strategic investments [14][12]

Acquisition and Business Strategy - Joby Aviation is acquiring Blade Air Mobility for $125 million, aiming to expand its electric air taxi service [1] - The acquisition provides Joby with an existing customer base and more takeoff and landing locations [2] - Blade transported over 50,000 passengers in the NYC area last year, indicating a strong demand for helicopter shuttle services [3] Technology and Innovation - Joby's electric aircraft aims for zero operating emissions and reduced noise compared to traditional helicopters [7] - Joby plans to progressively introduce automation, with the long-term goal of pilot-free aircraft [8][9] - The electric helicopter technology has been in development for several years, with ongoing testing for safety and reliability [11] Regulatory and Public Perception - New York City Council passed a bill to restrict non-essential helicopter flights based on FAA noise standards [6] - Public concerns exist regarding helicopter noise, emissions, and safety risks, particularly in urban areas like New York City [4][5] - Joby emphasizes that its electric aircraft will lead to quieter skies, addressing community concerns [7]

>> BLOOMBERG TAX IS LIVE FROM COAST-TO-COAST. WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS BLOOMBERG TECH.TESLA APPROVES A $30 BILLION STOCK AWARD TO ELON MUSK WITH THE BOARD SAYING A DEAL IS A DEAL. CAROLINE: JOBY AVIATION WILL PURCHASE THE BLADE HELICOPTER RIDE CHAIR BUSINESS. ED: ALL EYES ON PALANTIR, THE STOCKS SURGED MORE THAN 500%.CAROLINE: NOT QUITE 500% ON THE NASDAQ 100 BUT WE ARE UP ALMOST 1.5%, ALMOST ERASING LAST WEEK'S SELLOFF OVER THE COURSE OF THE WEEK. LAST WEEK ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Scarlet Fu taking you through to that closing bell with a global simulcast. It starts now.Carol Massar in the radio booth Matt Miller in today for Tim Stenovec as we welcome our audiences across all of our platforms television, radio and our partnership with YouTube, a phenomenal day. Carol Massar was a recoup some of the phenomenal losses from last Friday. It's kind of amazing because Friday, I mean, it just felt ...

Core Insights - Joby Aviation announced the acquisition of Blade Air Mobility's passenger business for up to $125 million, enhancing its market presence and operational capabilities [1][3] - The acquisition provides Joby with access to urban markets, a loyal customer base, and a decade of operational knowledge, which will support its electric air taxi business launch [3][4] - Joby also formed a strategic partnership with L3Harris Technologies to develop hybrid VTOL aircraft for military applications, with flight testing expected to begin this fall [4][5] Company Developments - Joby Aviation's stock has surged nearly 100% over the past month, reflecting investor enthusiasm for the VTOL sector's growth potential and favorable market conditions [6] - Joby shares rose by 19.6% to $20.53, while Blade Air Mobility shares increased by 27.6% to $4.82 on the announcement day [6] Market Context - Blade Air Mobility is recognized for its urban helicopter ride-share service, having served over 50,000 passengers in 2024, which adds significant value to Joby's acquisition [2] - The partnership with L3Harris is aimed at leveraging dual-purpose technologies developed in collaboration with the Department of Defense, indicating a strong focus on military applications [5]

Core Insights - Joby Aviation Inc announced the acquisition of Blade Air Mobility's helicopter ride-share business for $125 million, leading to a significant increase in its stock price [1] - The stock price of JOBY rose by 16.8% to $20.04, reaching an all-time high of $20.45, and has shown a year-to-date increase of 146.2% [2] - Despite the stock's impressive performance, analysts remain bearish, with six out of nine analysts rating it as "hold" or worse, and 13% of the shares sold short [2] Company Performance - Joby Aviation's stock has experienced a notable increase, bouncing off the $16 level and achieving a year-to-date lead of 146.2% [2] - The stock's current trading volume is significantly higher than average, with 53,000 calls and 37,000 puts placed, indicating active trading interest [4] - The most active options contract is the weekly 8/8 20-strike call, with new positions being bought to open [4] Market Sentiment - Options traders are leaning bearish on Joby Aviation, as indicated by a high put/call volume ratio that ranks above 94% of readings from the past year [3] - The stock has a Schaeffer's Volatility Scorecard (SVS) of 83 out of 100, suggesting it has tended to outperform volatility expectations in recent months [4]

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]

Core Viewpoint - Joby Aviation has experienced a significant stock surge, reaching all-time highs, driven by strategic announcements that enhance its growth trajectory and solidify its leadership in the aerospace sector [1][2]. Group 1: Strategic Announcements - Joby announced the acquisition of Blade Air Mobility's passenger business for up to $125 million, which de-risks its service launch by providing a complete operational ecosystem [3][5]. - The partnership with L3Harris Technologies aims to develop a new class of autonomous, gas turbine hybrid VTOL aircraft for military applications, with flight testing expected to begin in fall 2025 [6][10]. Group 2: Advantages of the Blade Acquisition - The acquisition provides immediate access to Blade's network of terminals and lounges in key urban markets, addressing significant infrastructure challenges [8]. - Joby inherits Blade's established customer base, which flew over 50,000 passengers in 2024, reducing future customer acquisition costs [8]. - The operational expertise gained from Blade's decade of experience in urban air mobility operations is invaluable for Joby's commercialization efforts [8]. Group 3: Implications of the L3Harris Partnership - The partnership opens a new revenue stream independent of the commercial passenger market, diversifying Joby's future [9]. - The defense sector presents opportunities for large, government-funded contracts, allowing Joby to fund developments without diluting existing shares [10][11]. - Collaborating with L3Harris enhances Joby's credibility in technological capabilities and manufacturing potential, positioning it as a resilient long-term investment [11]. Group 4: Market Reaction - The market's positive response to these announcements reflects a fundamental re-evaluation of Joby's worth, with stock prices trading above $17, surpassing the consensus analyst price target of below $10 [12][13]. - The upcoming second-quarter earnings call will focus on the integration of Blade's operations and the execution of the L3Harris partnership, shifting from hypothetical discussions to tangible realities [14].

New this morning, Joby Aviation is acquiring Blades passenger business. And joining us right now first on CNBC is Joby Aviation founder and CEO uh Joe Benit and Blade founder and CEO Rob Weisenthal. Good morning to both of you.This is this is a big deal. Uh we've known this guy for quite for quite some time with Blade helicopters to the Hamptons and all all sorts of things like that. And we've known you as somebody who's trying to revolutionize the world of Evatals.So this is uh the combination is something ...