Four years after a much-hyped SPAC deal followed by a swift collapse, shares of flying taxi company Joby have rallied to an all-time high, lifting the value of its founder’s stake to more than $1 billion https://t.co/EXWnA6z6QZ ...

Key Takeaways JOBY surged 33.9% in 30 days, outpacing ACHR after piloted flights in Dubai boosted investor optimism. Strategic ties with Toyota and Virgin Atlantic support JOBY's push toward commercialization. JOBY remains unprofitable with high valuation metrics and faces hurdles in public acceptance.California-based transportation company Joby Aviation (JOBY) is a leading player in the electric vertical takeoff and landing (eVTOL) space. JOBY shares have performed exceedingly well lately, gaining 33.9% ...

Group 1 - Joby Aviation achieved a significant milestone by successfully flying its aircraft in Dubai, leading to a 34.9% increase in stock price in June [1][4] - The company is among a few competitors in the electric vertical-takeoff-and-landing (eVTOL) market, which aims to provide efficient transportation over congested areas [3] - Joby has delivered its first aircraft to the UAE and is preparing for commercial operations, with plans to transport passengers in Dubai by 2026 [4][5] Group 2 - The successful flights validate Joby's aircraft design and address concerns regarding performance in high-temperature conditions [5] - Despite the progress, Joby is still awaiting final regulatory approvals in the U.S. and other regions, indicating that mass production is not yet imminent [6] - Joby is currently valued at over $8 billion, reflecting a 62% increase since April, although it has yet to achieve sales and profits [7]