JOBY Stock Recent News

Joby Aviation (JOBY 2.38%) stock surged early in Friday's trading, but it wound up giving up most of its gains. Shares of the maker of electric vertical takeoff and landing (eVTOL) vehicles rose 2.3% today, but they had been up as much as 11.2% earlier in the session.

Joby will participate in a White House program that can help speed the adoption of electric vertical takeoff and landing aircraft.

Joby Aviation Inc (NYSE:JOBY) shares gained nearly 3% to $14.07 in late-morning trading on Friday after the developer of air taxis for commercial passenger service announced its participation in the White House's new electric vertical takeoff and landing (eVTOL) Integration Pilot Program.   eVTOL, a joint effort by the Department of Transportation and the Federal Aviation Administration (FAA), is designed to accelerate the safe integration of electric air taxis into US airspace.

The Federal Aviation Administration said it's launching a pilot program to speed up the rollout of air taxis. Archer Aviation and Joby Aviation, major players in the eVTOL space, said they are participating.

Air taxi company Joby Aviation (JOBY 3.40%) announced Friday that it will participate in the White House eVTOL (electric vertical takeoff and landing) Integration Pilot Program (eIPP) announced back in June, aiming to "demonstrate eVTOL use cases, such as passenger transportation, cargo delivery, and emergency response, ahead of achieving type certification."

SANTA CRUZ, Calif.--(BUSINESS WIRE)---- $JOBY--Joby Aviation, Inc. (NYSE:JOBY), a company developing air taxis for commercial passenger service, today announced plans to participate in the White House eVTOL Integration Pilot Program (eIPP). The President's recent Executive Order (EO) directs the Department of Transportation (DOT) and Federal Aviation Administration (FAA) to ensure that mature eVTOL (electric vertical take off and landing) aircraft can begin operations in select markets ahead of full FAA.

Soon you may be able to book an Uber ride in the skies. On Wednesday, the San Francisco-based ride-sharing service announced it is partnering with Joby Aviation, a company developing electric air taxis, to bring Blade's helicopter service to the Uber app as soon as next year.

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Joby Aviation (JOBY) rallied earlier today on an announcement that Uber Technologies (UBER) will feature Blade air mobility services on its app. As George Tsilis explains, it's a win for Joby, though the stock needs something more if it's to fly back to all-time highs.

Joby Aviation Inc (NYSE: JOBY) climbed roughly 10% on Wednesday after doubling down on its collaboration with the San Francisco-headquartered mobility giant Uber Technologies Inc (NYSE: UBER).