Joby Aviation (JOBY -6.92%) reached a historic milestone in its effort to bring "flying taxis" to the masses, and investors responded by sending the stock to higher altitudes. Joby shares soared 34.9% in June, according to data provided by S&P Global Market Intelligence, after the company's aircraft took to the skies over Dubai ahead of a commercial rollout. From potential to proof Joby is among a handful of companies racing to bring an electric vertical-takeoff-and-landing (eVTOL) aircraft to market. eVTOL ...

Company Overview - Archer Aviation has developed an electric vertical takeoff and landing (eVTOL) aircraft named Midnight, designed for short-distance travel as an air taxi [2] - The company aims to produce up to 10 Midnight eVTOLs in 2025, primarily for the FAA approval process [4] Regulatory Environment - The airline industry is highly regulated, and obtaining FAA clearance for new aircraft is a lengthy multistep process [4] - As of the end of Q1 2025, Archer Aviation was only 15% through the FAA approval process, indicating significant work remains before Midnight can fly in the U.S. [5] International Operations - A key focus for Archer Aviation in 2025 is to launch its first commercial air taxi service in Abu Dhabi, which will serve as a critical test for its business model [6] - Successful operations in Abu Dhabi could provide a blueprint for domestic air taxi services in the U.S. and increase consumer confidence in the new aircraft [9] Market Potential - The stock price of Archer Aviation could rise significantly if the air taxi service in Abu Dhabi is successfully launched, potentially surpassing its 52-week high of $13.30 per share [7][11] - The company has already established a foundation for operating air taxis in the U.S., having received FAA approval to operate as an airline and to train pilots [8]

Joby Aviation (JOBY) , a developer of electric air taxis for commercial passenger service, reached a major milestone by successfully flying two of its electric air taxis simultaneously for the first time on May 9, 2025, in Marina, CA.This achievement marks a significant step forward in the company’s flight-testing program and comes shortly after completing piloted flights that demonstrate a full transition from vertical takeoff to cruise flight and back. With a growing test fleet of six aircraft, Joby is ra ...

Company Overview - Archer Aviation is an emerging aerospace company focused on developing air taxi services using its Midnight aircraft, which are small, vertical lift vehicles designed for short-distance travel [3][4] - The company aims to carry its first commercial customer in 2025, marking a significant milestone as it transitions from testing to operational status [1][6] Production and Market Strategy - Archer Aviation plans to produce around 10 Midnight aircraft in 2025, which is a foundational step in establishing its manufacturing capabilities [1] - The company is working towards obtaining FAA approval for its aircraft and has already secured approval to operate an airline and a flight training school [4] Initial Market Launch - The first operational market for Archer Aviation's air taxi service is expected to be Abu Dhabi, rather than the United States, where the company is collaborating with a partner to set up the service [5][6] - The successful launch of commercial services in Abu Dhabi will validate Archer Aviation's business model and concept [6] Investment Considerations - There is a potential for positive investor sentiment once the Midnight aircraft begins carrying commercial customers, which could lead to stock price appreciation [7] - However, the transition to carrying commercial customers is just the beginning of testing the air taxi concept, and sustainable profitability remains uncertain [8][10] - Investors may face a dilemma between buying shares now for potential early gains or waiting for evidence of a sustainable business model before investing [9][10]