Welcome to our dedicated page for Joby Aviation news (Ticker: JOBY), a resource for investors and traders seeking the latest updates and insights on Joby Aviation stock.
Joby Aviation, Inc. (symbol: JOBY) is at the forefront of a transportation revolution, headquartered in Santa Cruz, California. Founded in 2009, Joby Aviation leverages advanced control systems and electric propulsion technologies initially developed at Joby Energy. The company aims to transform commuting with its innovative electric air taxis designed for commercial passenger service.
Joby Aviation's core strengths lie in its expertise in composite airframe design, high-fidelity aerodynamic analysis, and high-performance electric motor fabrication, supported by its sister company, Joby Motors. These combined capabilities position Joby uniquely in the burgeoning market of electric vertical take-off and landing (eVTOL) aircraft.
Recent achievements include successful test flights and strategic partnerships with major aerospace and transportation companies. Joby Aviation is committed to sustainability and efficiency, striving to reduce urban congestion and lower carbon emissions with its cutting-edge electric aircraft.
Current projects focus on refining their eVTOL technology, expanding their operational infrastructure, and navigating regulatory landscapes to ensure the safe and efficient deployment of their air taxis.
Joby Aviation's financial health is bolstered by significant investments from leading venture capital firms and strategic partners, demonstrating strong market confidence in their vision and technological advancements.
Stay updated with the latest developments and news about Joby Aviation as the company continues to pioneer a new era in urban air mobility.
Joby Aviation (NYSE: JOBY), an electric air taxi developer, has announced the pricing of its public offering of 40,000,000 shares of common stock at $5.05 per share. The company expects to raise $202 million in gross proceeds before underwriting costs. Joby has also granted underwriters a 30-day option to purchase up to 6,000,000 additional shares. The proceeds will fund certification, manufacturing efforts, commercial operations preparation, and general corporate purposes. The offering is expected to close on October 28, 2024, with Morgan Stanley and Allen & Company serving as joint book-running managers.
Joby Aviation (NYSE: JOBY), an electric air taxi developer, has announced a public offering of up to $200.0 million of common stock, with an additional 30-day option for underwriters to purchase up to $30.0 million more shares. The proceeds will fund certification and manufacturing efforts, commercial operations preparation, and general corporate purposes. Morgan Stanley and Allen & Company are serving as joint book-running managers. The offering follows a Form S-3 registration statement filed with the SEC on October 24, 2024.
Joby Aviation (NYSE:JOBY) is hosting international aviation regulators at its California facilities as part of its global certification efforts. Representatives from the UK Civil Aviation Authority, Japan Civil Aviation Bureau, and Australia's Civil Aviation Safety Authority are participating in a week-long 'technology familiarization' session, engaging with Joby and FAA teams to harmonize certification approaches for electric air taxis. Joby has completed the third of five FAA type certification stages and over one-third of the fourth stage as of August 2024. The company's aircraft is designed to transport a pilot and four passengers at speeds up to 200 mph.
Joby Aviation (NYSE:JOBY), a developer of all-electric aircraft for commercial passenger service, has announced it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a webcast at 5:00 pm ET on the same day. Investors can access the webcast through the company's website or dial in via phone. A replay will be available on the website after the event.
Joby Aviation (NYSE:JOBY) has welcomed the Federal Aviation Administration's (FAA) release of new operating regulations for electric air taxis. The Special Federal Aviation Regulation (SFAR) establishes requirements for the safe integration of aircraft like Joby's into the U.S. aviation system, paving the way for commercial passenger service once Joby receives type certification.
The new rules cover pilot training and operation of air taxis, allowing pilots to train in powered-lift with a single set of flight controls. The regulations also include helicopter-based energy reserve requirements for commercial operations. This development aligns with the 2024 FAA Reauthorization Act's mandate to prepare for the introduction of electric and hydrogen-electric aircraft.
Joby's aircraft is designed to carry a pilot and four passengers at speeds up to 200 mph, offering high-speed mobility with significantly reduced noise compared to helicopters and zero operating emissions.
Toyota Motor has announced a $500 million investment in Joby Aviation (NYSE:JOBY), a company developing electric air taxis. This investment will be made in two equal tranches, with the first targeted to close later this year and the second in 2025. The funds will support the certification and commercial production of Joby's electric air taxi.
The investment terms include plans to establish a manufacturing alliance for the first phase of commercialization. This additional investment will bring Toyota's total investment in Joby to $894 million. Joby has been making progress towards commercialization, recently rolling out its third aircraft from its pilot production line and breaking ground on an expanded facility in California.
Toyota's involvement includes sharing knowledge of the Toyota Production System and supplying key powertrain and actuation components for Joby's aircraft production. The collaboration aims to realize the shared vision of air mobility for personal or daily travel.
Joby Aviation (NYSE:JOBY) has taken a significant step towards becoming a certified air taxi operator in the United Arab Emirates. The company presented a Letter of Intent to initiate its Air Operator Certificate application to the UAE General Civil Aviation Authority (GCAA). This move follows Joby's agreements with Dubai's Road and Transport Authority to launch air taxi services in Dubai, and a multilateral MoU with Abu Dhabi authorities to establish services in Abu Dhabi.
Joby's electric air taxi is designed to carry a pilot and four passengers at speeds up to 200 miles per hour, potentially reducing a 45-minute car journey to just 10 minutes. The company will undergo a five-stage application process with the GCAA, including developing operating manuals, facility inspections, and observation of pilot and mechanic training.
Joby Aviation (NYSE:JOBY) demonstrated autonomous logistics aircraft operations during the U.S. Air Force's 'Agile Flag 24-3' exercise. Using a Cessna 208B Grand Caravan equipped with Xwing's autonomy technology, Joby flew over 3,900 miles between military bases and public airports in California and Nevada. The aircraft autonomously transported essential components, completing fully autonomous taxi, take-off, and landing at 9 locations without on-ground infrastructure.
Joby showcased remote supervision capabilities using a laptop and satellite communications terminal. The exercise demonstrated rapid resupply abilities and integration of autonomous aircraft into congested airspace. Col. Max Bremer highlighted the significant return on investment for the Air Force, as this technology allows preservation of larger cargo aircraft for critical tasks.
Joby Aviation, a next-gen aviation firm (NYSE: JOBY), rolled its third production prototype aircraft off its Marina, CA production line. Four aircraft are expected to be in active flight test next quarter. This announcement coincides with the release of their Q2 2024 financial results.
Second Quarter 2024 Highlights:
- Production Ramp-Up: Four aircraft are expected in active flight tests next quarter.
- Certification Progress: Fourth of five stages of type certification is 37% complete.
- International Expansion: Applied for certification in Australia and signed MOU with Mukamalah.
- Future Technologies: Flew a hydrogen-electric air taxi 561 miles and acquired Xwing's autonomy division.
- Financials: $825 million in cash and short-term investments.
The company will host a live webcast today at 2:00 PM PT (5:00 PM ET) to discuss the results.
Joby Aviation (NYSE:JOBY) has formally applied for its electric air taxi to be certified for use in Australia. This application to the Civil Aviation Safety Authority (CASA) builds on a bi-lateral agreement with the FAA and paves the way for introducing quiet, emissions-free air taxis in Australia. Joby's aircraft can carry a pilot and four passengers at speeds up to 200 mph, offering high-speed mobility with minimal noise and zero operating emissions.
The company has completed over 33,000 miles of all-electric flight testing and was the first to fly an electric air taxi in a major U.S. city. Joby has also applied for certification validation in Japan and the UK. In June 2024, Joby received FAA authorization for its 'ElevateOS' software, designed to enable high-tempo, on-demand air taxi operations.
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