JOBY Stock Recent News

Joby Aviation, Inc.'s MoU with Abdul Latif Jameel could be worth $1 billion, but it's non-binding and not a guaranteed revenue source. Joby is a leader in electric air taxis, nearing FAA certification and planning commercial operations in Dubai by 2026, ahead of most competitors. Despite impressive technical progress and high-profile partnerships, Joby has zero revenue and trades entirely on future potential and speculation.

Joby Aviation, Inc. is a small fish in what is still a small pond of eVTOL, but it has a big and strategic network with Toyota, U.S., Saudi Arabia, and Dubai. The company is advancing toward FAA certification, with U.S. and Middle East launches targeted; it'll be a slow process to growth, but we think Joby is uniquely positioned for it. Joby is still in the R&D phase with no revenue to show, but we think this makes for an easier case for upside once preliminary deals turn into monetizable opportunities.

Joby Aviation NYSE: JOBY shares experienced a strong upward movement in the premarket on June 3, 2025, but this momentum reversed after the market opened, potentially due to profit-taking and short selling. The stock surged over 14% in early trading as a direct response to the announcement that Joby has signed a Memorandum of Understanding (MoU) with Abdul Latif Jameel (ALJ), a prominent Saudi Arabian conglomerate.

Shares in Joby Aviation, Inc. (NYSE: JOBY) jumped yesterday after the air taxi company announced a potential deal with the Saudi Arabia-based Abdul Latif Jameel. The deal could lead to Joby supplying up to 200 of its eVTOL aircraft.

The most explosive returns in 2025 aren't coming from household names or blue chip stalwarts. Instead, they're emerging from companies at the bleeding edge of technological disruption, where visionary business models are finally reaching commercial viability.

Joby is looking toward a possible expansion throughout the Middle East. The California-based company is working toward an agreement to sell as many as 200 of its air taxis through Abdul Latif Jameel, a major Saudi Arabian investor.

Shares of Joby Aviation (JOBY 8.40%) are flying higher on Tuesday. The company's stock had spiked 9.9% at 12:25 p.m.

CNBC's Phil LeBeau joins 'Money Movers' to discuss Joby's shares popping on news of its Saudi Investment.

Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.

SANTA CRUZ, Calif. & JEDDAH, Saudi Arabia--(BUSINESS WIRE)--Abdul Latif Jameel, an 80 year-old network of diversified businesses, and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding (MoU) to explore opportunities to establish a distribution agreement in Saudi Arabia for Joby's electric aircraft. This announcement builds upon the renewed economic partnership between the U.S. ad.