Why Joby Aviation Stock Is Soaring Today
Key Takeaways
What the data shows is S of Joby Aviation (JOBY 17. 24%) are rising on Wednesday, up 13. At the same time, 2% as of 12:54 p. The jump comes...
Article Overview
Quick insights and key information
2 min read
Estimated completion
investment
Article classification
July 16, 2025
01:44 PM
The Motley Fool
Original publisher
What the data shows is S of Joby Aviation (JOBY 17. 24%) are rising on Wednesday, up 13
At the same time, 2% as of 12:54 p
The jump comes as the S&P 500 and Nasdaq Composite were both down modestly
Additionally, Joby, which develops electric vertical takeoff and landing (eVTOL) aircraft, announced yesterday that it will double duction in its Marina, California, manufacturing site
Nevertheless, Joby ramps duction ahead of air taxi launch Joby expanded its domestic duction site in California to scale up its duction capabilities ahead of the planned 2026 launch of its air taxis
However, The site now spans 434,500 square feet, allowing the company to duce up to 24 aircraft a year once it is fully operational, given current economic conditions
The evidence shows site will also host the company's pilot simulators and will be its primary aircraft maintenance facility
Joby says that engineers from its key strategic partner, Toyota, have "deeply integrated" with the cess and continue to offer support to optimize manufacturing and design, given the current landscape
Image source: Getty Images Along with the expansion announcement, the company "celebrated" with "the flight of [its] sixth aircraft, which earned airworthiness certification within a week of completion. " Joby looks to be on schedule While there are more FAA hurdles to, and the company is far from the finish line of a full commercial launch, it continues to appear on track and outpace its main rival, Archer Aviation, in today's financial world
Meanwhile, Investors should note that there is a lot of growth priced into the stock already -- its market cap is north of $13 billion with no revenue
Nevertheless, I would wait until this one comes back to Earth
Johnny Rice has no position in any of the stocks mentioned
The Motley Fool has no position in any of the stocks mentioned
The evidence shows Motley Fool has a disclosure policy, given the current landscape.
Related Articles
More insights from FinancialBooklet