Joby Aviation shares rise after first New York City air taxi demonstration

15 articles · Updated · Barron's · Apr 27

Joby Aviation stock climbed 6.5% to $9.06 after completing its first point-to-point eVTOL air taxi flight between JFK Airport and multiple Manhattan heliports.
The demonstration is part of the Transportation Department's eVTOL Integration Pilot Program, aiming to accelerate urban air taxi adoption through a week-long series of test flights.
Despite recent volatility and no current sales, Joby is projected to generate $110 million in revenue by 2026, with commercial certification and Middle East service launches anticipated later that year.

Can Joby's 'flying taxi' service ever become affordable, or will it remain a luxury for the wealthy?

With zero revenue and profitability years away, is Joby's stock surge a sign of innovation or a speculative bubble?

Can Joby and Toyota truly mass-produce hundreds of complex aircraft per year to meet ambitious 2027 goals?

Who will fund the multi-million dollar vertiports needed for air taxi networks to become a reality?

How will air traffic control manage thousands of 'flying cars' safely over dense cities like New York?

How vulnerable is a city-wide network of automated air taxis to a potential large-scale cyber-attack?