Joby Aviation shares are trading higher after South Korea's SK Telecom made an equity investment of $100 million in the company as part of an expanded partnership.
Portfolio Pulse from Benzinga Newsdesk
South Korea's SK Telecom has made an equity investment of $100 million in Joby Aviation, leading to a rise in Joby Aviation's share prices.
June 29, 2023 | 10:14 am
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Joby Aviation's shares are trading higher following a $100 million equity investment from SK Telecom.
The $100 million equity investment from SK Telecom is a significant financial boost for Joby Aviation, which is likely to increase investor confidence and drive up the company's share price in the short term.
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