Streetbeat News

JOBY

Joby Aviation, Inc.

https://www.jobyaviation.com

Industry

Airlines, Airports & Air Services

Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

Open

5.88

Mkt cap

4.4B

Volume

12M

High

5.89

P/E Ratio

-8.19

52-wk high

7.69

Low

5.58

Div yield

N/A

52-wk low

4.50

Joby Aviation, Inc. (NYSE:JOBY) has partnered with Dubai Road and Transport Authority to launch an all-electric air taxi service in the UAE by early 2026. The service will operate in key locations including Dubai International Airport and Palm Jumeirah. Joby will be the exclusive air taxi operator in Dubai for six years and plans to build four vertiport sites with Skyports. The company's aircraft can transport a pilot and four passengers at speeds up to 200 mph, significantly reducing travel time.

Portfolio Pulse from Anan Ashraf

February 12, 2024 | 12:24 pm

Joby Aviation has signed a definitive agreement with Dubai's Road and Transport Authority to launch air taxi services in Dubai by early 2026. The agreement grants Joby exclusive rights to operate air taxis in Dubai for six years, covering regulatory approaches for early operations and includes support for entry and maturing of the service. Additionally, Joby signed an agreement with Skyports to build and operate four vertiports in Dubai.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:57 am

Joby Aviation, Inc. (NYSE:JOBY) has received FAA approval for its propulsion certification plan, a crucial step towards obtaining type certification for its electric air taxi. This approval encompasses all structural, mechanical, and electrical systems, positioning Joby as a leader in the electric air taxi certification process. The company has completed 30 for-credit tests with the FAA in 2023 and recently received its Part 145 Maintenance Certificate, further advancing its path to commercialization. Joby's air taxi aims to offer high-speed, low-noise, and zero-emission passenger service.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 2:01 pm

Joby Aviation, Inc. (NYSE:JOBY) has received the Part 145 Repair Station Certificate from the FAA, enabling it to perform select maintenance activities on aircraft. This certification is a significant step towards commercializing its electric air taxi service. Joby is the first eVTOL developer to receive such certification from the FAA, which also allows it to offer maintenance, repair, and overhaul (MRO) services for its eVTOL aircraft once certified for commercial operations. The company plans to announce its Q4 and full year 2023 financial results on February 21, 2024. JOBY shares closed lower by 3.42% at $5.65.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 1:13 pm

Joby Aviation has been granted a Part 145 Maintenance Certificate by the FAA, enabling the company to conduct select maintenance activities on aircraft. This certification is a significant step for Joby as it progresses in the aviation industry, potentially impacting its operational capabilities and market position.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 10:02 am

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

Joby Aviation Inc (NYSE:JOBY) has announced a partnership with Atlantic Aviation to electrify aviation infrastructure in New York and Southern California, in preparation for the launch of Joby's air taxi service. The collaboration will include the installation of Joby's Global Electric Aviation Charging System (GEACS) and an analysis of air taxi operations alongside traditional and other electric aircraft. Joby's air taxi can transport a pilot and four passengers at speeds up to 200 mph. JOBY shares dropped by 0.79% to $5.64.

Portfolio Pulse from Shivani Kumaresan

January 17, 2024 | 4:46 pm

Joby Aviation, a company specializing in electric aviation technology, has partnered with Atlantic Aviation to electrify infrastructure at select locations in New York and Southern California. This collaboration aims to support the future of electric aviation by preparing key sites for the integration of electric vertical take-off and landing (eVTOL) aircraft. The initiative is part of a broader movement towards sustainable aviation and could position Joby as a leader in the emerging eVTOL market.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 12:06 pm

Joby Aviation, Inc. has partnered with Clay Lacy Aviation to install the first electric air taxi charger at John Wayne Airport in Southern California. This development is a step towards the commercialization of Joby's electric air taxis.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:14 pm

Industrial company stocks are down due to an increase in Treasury yields and general market weakness.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 8:29 pm

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