Joby Aviation, Inc. (JOBY)
Joby Aviation, Inc. is a California-based aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Established with the aim of transforming transportation, Joby designs innovative, quiet, and environmentally friendly aircraft intended to provide fast, efficient, and sustainable urban transportation services.
Company News
Archer Aviation, an electric vertical takeoff and landing (eVTOL) vehicle company, is trading at a $7 billion market cap despite having no revenue, raising concerns about potential stock market bubble in emerging technology stocks.
U.S. stock futures rose on Wednesday after Tuesday's declines, with market attention focused on potential Federal Reserve interest rate cuts and various company-specific developments in technology, defense, and aviation sectors.
Joby Aviation announced a $513.9 million stock offering of 30.5 million shares at $16.85 per share, causing its stock price to drop over 10% in premarket trading on concerns of potential equity dilution.
Blade Air Mobility's CFO Will Heyburn will present at the Oppenheimer 28th Annual Technology, Internet & Communications Conference, discussing the company's air mobility platform focused on medical transportation and passenger services.
Archer Aviation's stock price continued its recovery this week after the company received another $55 million investment from Stellantis. The investment is in addition to previous funding, and Stellantis cited Archer's progress on its high-volume facility and testing events as reasons for the investment. However, Archer still faces challenges, in...
