JOBY Stock Recent News

The technology sector advanced 614% during the last decade, while the broader S&P 500 (^GSPC 0.14%) advanced 195%. Technology stocks are primed to maintain their momentum during the next decade as innovations like electric vertical take-off and landing aircraft (air taxis), autonomous robots, and robotaxis hit the market.

Joby Aviation is the best-capitalized eVTOL leader, boasting regulatory progress, strong partnerships, and a vertically integrated ride-hailing model for urban air mobility. The company's momentum is driven by FAA certification advances, exclusive Dubai operations, and robust manufacturing scale-up, with commercial service targeted for 2025-2026. Valuation is based on future dominance in a potentially trillion-dollar market, with revenue and EPS forecasts showing rapid growth and improving profitability by 2030-2031.

Joby began production of FAA-conforming aircraft in Q1 2025 and delivered its first to the U.S. Department of Defense. The Marina factory doubled capacity to 24 units annually, while the Dayton site is scaling to 500 aircraft per year. A $1 billion MOU with Abdul Latif Jameel strengthens the company's international commercialization plans, beginning with Dubai in early 2026.

Joby Aviation (JOBY 8.97%) soared by 47.2% this week on news of the expansion of an existing manufacturing site in Marina, California. The expansion is a key part of its growth plan as it prepares to scale up production of its air taxis in anticipation of entering the market.

JOBY expands its Marina facility to double aircraft output as it gears up for global air taxi operations.

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Stocks are a volatile bunch today, with Wall Street suffering from whiplash amid Trump's Fed Chair rhetoric.

Shares of Joby Aviation (JOBY 14.91%) are rising on Wednesday, up 13.2% as of 12:54 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were both down modestly.

Joby stock is on a tear this July, jumping 12% on Wednesday as it flirts with a new all-time high for the second day in a row.

Welcome to the Green Stock News brief for Wednesday July 16th. Here are today's top headlines: Joby Aviation (NYSE: JOBY) has expanded its California site to double its eVTOL air taxi production capacity, now spanning over 435,000 square feet and enabling up to 24 aircraft per year as the company prepares for commercial operations.