Core Insights - The market for "flying taxis" is gaining momentum, with significant investor interest in early leaders like Joby Aviation following a supportive executive order from President Trump [1][4]. Industry Overview - Joby Aviation is among a select group of aerospace companies developing electric vertical takeoff and landing (eVTOL) aircraft, with potential market entry as early as next year if FAA approvals are secured [3][5]. - The executive order aims to enhance American drone capabilities, mandating the Department of Transportation to advance eVTOL initiatives and select at least five pilot projects within 180 days [4]. Company Analysis - Joby Aviation has a market capitalization exceeding $7 billion, which is substantial for a pre-revenue company, indicating strong investor confidence in its technology and market potential [6]. - The company has established several customer relationships, including a notable agreement with Saudi Arabia for aircraft distribution, highlighting its growth prospects [5].