JOBY Stock Recent News

​​Joby Aviation, Inc. JOBY stock was flying high on Monday after the company recently announced two bold moves: an acquisition and a partnership with a major defense contractor.

Shares of Joby Aviation Inc (NYSE:JOBY) soared this morning after the company announced its acquisition of fellow aviation name Blade Air Mobility's (BLDE) helicopter ride-share business for $125 million.

Both the S&P 500 (^GSPC 1.21%) and Dow Jones Industrial Average (^DJI 1.08%) are heading in positive directions for the first full trading week of August. Shares of Joby Aviation (JOBY 20.11%), however, are off to a high-flying start.

In a powerful display of strategic execution, Joby Aviation NYSE: JOBY has seen its stock launch to all-time highs as investors have decided on the company's future. During the first days of August, shares surged in high-volume sessions, pushing the company's market capitalization to well over $14 billion on multiple occasions.

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Rob Wiesenthal, Blade founder and CEO, and JoeBen Bevirt, Joby Aviation founder and CEO, join 'Squawk Box' to discuss the sale of Blade's passenger division to Joby Aviation, democratizing aviation, what the deal means for both companies going forward, and more.

Joby Aviation announced on Monday it will acquire Blade Air Mobility's passenger business for up to $125 million, in a deal designed to accelerate the commercial deployment of its electric air taxis.

Joby Aviation is attractive among eVTOL stocks due to strong certification progress and a clear path to commercial service entry. Acquiring Blade Air Mobility would give Joby instant access to booking platforms, operating certificates, and crucial infrastructure for air taxi rollout. Blade's partnerships and exclusive terminal access would accelerate Joby's eVTOL deployment, reducing the need for heavy infrastructure investments.

Electric air taxi developer Joby Aviation has agreed to buy Blade Air Mobility's helicopter ride-share business for as much as $125 million.

Joby Aviation will acquire helicopter rideshare company Blade Air Mobility's passenger business for up to $125 million, it said Monday, as it works to speed the deployment of electric air taxis for commercial passenger services.