News about Joby Aviation

The article presents a hypothetical scenario in which Joby Aviation, which is developing eVTOL passenger aircraft, has 2,500 aircraft operating by 2036, each flying 24 times a day for 300 days a year and generating about $200 per flight. That would produce roughly $3.6 billion in annual revenue and, at a price-to-sales multiple of 3, a market cap of about $10.8 billion, about 125% above today, which would turn a $5,000 investment into about $11,250. The author notes these assumptions are not guaranteed, since fleet scale, flight frequency and pricing may fall short, and certification remains a risk. Joby has produced five eVTOLs so far and targets four aircraft per month in 2027, with Toyota supporting production growth toward 500 aircraft a year.

Joby Aviation (JOBY) is a leading early mover in eVTOL aircraft, a market Fortune Business Insights expects to grow at a 36.8% CAGR from 2026 to 2034. Joby is closer than Archer Aviation to FAA certification, though its first commercial U.S. flights are not yet approved. If it becomes a vertically integrated air taxi operator, analysts expect revenue to rise from $53 million in 2025 to $432 million in 2028, and the article says a $5,000 investment could grow to $50,000 over the next decade. The main risk is financing: Joby has burned about $100-$200 million in cash per quarter, raised funds via two stock offerings and convertible debt, grown its share count 13% in 12 months, and seen total liabilities rise 156% to $985 million by the end of Q2. A recession could strain its cash flow and reduce spending from partners Toyota, Delta, and Uber, and with the stock valued at ten times 2028 sales, the article warns it could be cut in half.

Electric vertical take-off and landing (eVTOL) aircraft could eventually replace helicopters on short-range flights, as they are quieter, greener and easier to land in crowded cities. Citing Fortune Business Insights, the article says this nascent market could grow at a 36.8% CAGR from 2026 to 2034. Joby Aviation (JOBY) is highlighted as a leading early mover: its S4 carries one pilot and four passengers, flies up to 150 miles per charge, and is closer than Archer Aviation (ACHR) to completing FAA certification, though the FAA has not yet approved its first U.S. commercial flights. If Joby becomes a vertically integrated air-taxi operator and revenue rises from $53 million in 2025 to $432 million in 2028, the article says a $5,000 investment could become $50,000 over the next decade. The major risk is a recession: Joby has burned about $100-$200 million in cash per quarter, its share count rose 13%, and total liabilities jumped 156% to $985 million at the end of the second quarter, while the stock already trades at ten times its 2028 sales and could be cut in half.