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Joby Aviation designs and builds electric vertical takeoff and landing (eVTOL) aircraft to enable urban air mobility. Customers book rides through an app and the aircraft lift off vertically, fly between destinations, and land vertically as an aerial ridesharing service. The company emphasizes safety with extensive flight testing, NASA-verified low-noise performance, and FAA certification efforts, plus a strategic ANA partnership to deploy in Japan. Its goal is to provide a safe, clean, and efficient urban transport option that reduces travel times and environmental impact by using air taxis.
Industries
Automotive & Transportation
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Santa Cruz, California
Founded
2009
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Total Funding
$3.8B
Above
Industry Average
Funded Over
14 Rounds
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Disability Insurance
Life Insurance
Paid Vacation
Company Equity
The Pentagon is shifting its eVTOL aircraft priorities towards hybrid propulsion and autonomous flight technologies, impacting contracts with Archer Aviation and Joby Aviation. Archer holds a contract with the US Air Force's Agility Prime programme valued at up to $142 million, whilst Joby's contract reached a potential $131 million. The Department of Defence reduced Joby's contract scope in 2025 as priorities changed. Joby is responding by acquiring defence contractor Resonant Sciences for approximately $500 million, which generated over $100 million in revenue over the previous 12 months. Archer has partnered with Anduril to develop Thunder, an autonomous hybrid-electric VTOL platform for military missions. In August, Archer announced plans to acquire Boeing's Insitu, Wisk Aero, and SkyGrid businesses, with Insitu alone generating over $200 million annually.
Joby Aviation stock has fallen significantly, with a $10,000 investment from a year ago now worth approximately $3,940. The shares trade 68% below their 52-week high. Despite this decline, Joby's valuation remains elevated at 52.1 times sales, compared to 3.1 for the S&P 500. The company posted $39 million in revenue for the second quarter of 2026, primarily from its Blade helicopter service business. Joby lost $900 million from operations over the past twelve months on roughly $100 million in revenue. The company holds approximately $2.3 billion in cash and short-term investments to fund operations. Management targets carrying its first air taxi passengers in 2026. In September, Joby began flights in Texas under a White House-backed pilot programme. The company raised its 2026 revenue guidance to $115 million to $125 million, up from the previous range of $105 million to $115 million.
Joby takes flight: the autonomous eVTOL that flew coast-to-coast. Joby Aviation just made history with the first self-piloted, cross-country flight of an autonomous eVTOL. This groundbreaking achievement signals a new era for accessible, efficient, and potentially MOSAIC-friendly air travel. The skies are buzzing with innovation, and here at Next Gen Aviation Group, Next Gen Aviation Group is always looking to the horizon. Today, that horizon is clearer than ever, thanks to a monumental achievement from Joby Aviation. Just this week, an aircraft powered by Joby's autonomous technology successfully completed the first self-piloted flight across the United States. This isn't just news; it's a peek into the future of aviation, especially for those of Next Gen Aviation Group championing accessibility through MOSAIC. A historic journey, unmanned. The details are truly incredible: Joby's prototype eVTOL (electric Vertical Take-Off and Landing) aircraft covered nearly 3,200 miles, from coast to coast, with zero control input from the onboard safety pilot. Imagine that - a journey spanning the vast American landscape, guided entirely by sophisticated autonomous systems. This isn't science fiction anymore; it's a tangible reality, pushing the boundaries of what Next Gen Aviation Group thought possible in aviation. While this particular aircraft isn't designed for individual sport pilot operations today, its technological advancements are profoundly relevant. The focus on autonomy, electric propulsion, and streamlined operations aligns perfectly with the spirit of the Modernization of Special Airworthiness Certificates (MOSAIC) rule. As Next Gen Aviation Group embrace Phase 2 of MOSAIC in July 2026, which removes the old 'light-sport aircraft' definition and introduces new airworthiness certifications, the path for novel aircraft designs like eVTOLs to find their place in accessible aviation becomes increasingly clear. Redefining personal air mobility. Joby Aviation's mission is to develop a quiet, five-seat, all-electric aircraft that can take off and land vertically, offering a new form of aerial ridesharing. This coast-to-coast flight demonstrates a critical step towards proving the reliability and capability of their technology. For Next Gen Aviation Group at Next Gen Aviation Group, based at Palatka Municipal Airport (28J), this signals a future where personal air travel could be dramatically reimagined - moving beyond traditional runways and into more diverse operating environments. The potential for urban air mobility (UAM) and regional air travel is immense. Picture short hops between cities, commuting across congested areas, or even accessing remote locations with greater ease. While Next Gen Aviation Group is still some time away from a sport pilot being able to own and operate a Joby eVTOL for personal use, the technology being proven here forms a crucial foundation. The expanded privileges for sport pilots under MOSAIC, allowing for more complex aircraft with higher performance, are already setting the stage for integrating advanced aircraft like these into the general aviation ecosystem. The MOSAIC connection: what this means for you. MOSAIC, which saw its Phase 1 go into effect in October 2025, has already opened doors for sport pilots to fly more capable aircraft. When Phase 2 fully arrives in July 2026, the focus shifts to stall speed rather than a restrictive weight limit, paving the way for a much broader range of aircraft to be flown by sport pilots. An aircraft like a Joby eVTOL, while initially intended for commercial operations, could eventually inspire or evolve into configurations that meet the MOSAIC criteria for sport pilot operations. Consider the implications: simpler controls facilitated by autonomous systems could lower the training barrier, making flight more accessible. Electric propulsion means quieter operations and reduced environmental impact, aligning with a growing demand for sustainable aviation. While the exact regulatory framework for such advanced aircraft under MOSAIC is still developing, Joby's achievement is a powerful proof-of-concept for the reliability and feasibility of electric, autonomous flight. Looking ahead with Next Gen Aviation Group. At Next Gen Aviation Group, Next Gen Aviation Group believe in making flying accessible to everyone. Its discovery flights and flight training programs are designed to introduce individuals to the joy of aviation, often using Light Sport Aircraft that are now benefiting immensely from the MOSAIC rule changes. As Next Gen Aviation Group watch companies like Joby push the envelope, Next Gen Aviation Group see a clear alignment with its mission. The future of aviation isn't just about faster or bigger; it's about smarter, greener, and more accessible. Joby Aviation's cross-country success is a testament to the ingenuity driving its industry forward. It inspires Next Gen Aviation Group to continue exploring how emerging technologies and forward-thinking regulations like MOSAIC can converge to create a truly next-generation flying experience for all. Keep an eye on this space - the journey has just begun! Next Gen Aviation Group is your hub for accessible flight in North Florida, based at Palatka Municipal Airport (28J). Explore discovery flights, MOSAIC-compliant training, and aircraft services with Next Gen Aviation Group.
Joby Aviation trades at $6.26, down 53% year-to-date, but 24/7 Wall St. sets a price target of $11.37, implying 87% upside. The company posted $38.64M in Q2 revenue, beating the $30.38M consensus, and raised its FY26 revenue guidance to $115M-$125M. CEO JoeBen Bevirt said Joby is preparing for commercial service, with first flights in Dallas-Fort Worth targeted this month. The company's $6B valuation appears reasonable compared to rival Archer Aviation, which posted just $5M in Q2 revenue against a $4B market cap. Joby remains pre-certification on its core eVTOL aircraft and continues burning cash. 24/7 Wall St. rates the stock a buy with medium confidence, noting the wide outcome distribution typical of pre-revenue aerospace companies.
Joby Aviation announced that an aircraft equipped with its autonomy technology has completed the first-ever autonomous flight across the United States. The converted Cessna Caravan flew 3,199 miles with zero control inputs from its onboard safety pilot, performing autonomous taxiing, takeoffs, route navigation and landings. The aircraft was supervised remotely from Joby's California headquarters and Shaw Air Force Base in South Carolina, up to 2,323 miles away. The journey concluded in North Carolina's Outer Banks, near the site of the Wright brothers' first powered flight. The milestone demonstrates operational capabilities for commercial freight, medical transport, disaster response and defence logistics. Joby's autonomous technology has logged more than 400 flights and 800 automated flight hours, building on the autonomy system acquired from Xwing in 2024. The aircraft will now begin its return westbound journey with stops in several US cities.
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Industries
Automotive & Transportation
Aerospace
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Santa Cruz, California
Founded
2009
Find jobs on Simplify and start your career today