iHub News
6日前
Joby Aviation shares gain after forming manufacturing joint venture with Toyota (JOBY)June 30, 2026 8:55 AM
IH Market News Companies establish venture to produce electric aircraft Joby Aviation, Inc. (NYSE:JOBY) shares rose 7% on Tuesday after the company announced a manufacturing joint venture with Toyota Motor Corporation to build Joby’s S4 Series electric vertical take-off and landing (eVTOL) aircraft. According to a regulatory filing dated June 29, 2026, the new entity, Joby Toyota Aero Manufacturing Preparation Company, will be owned 51% by Toyota and 49% by Joby. Toyota will acquire 1,020,000 shares in the joint venture for $1,020,000, while Joby will purchase the remaining 980,000 shares for $980,000. Toyota to hold majority control The joint venture will be overseen by a five-member board, with Toyota appointing three directors and Joby selecting two. Under the shareholder agreement, Joby is expected to grant the venture exclusive manufacturing rights for its S4 Series aircraft and provide a royalty-free licence covering the relevant intellectual property. Toyota will also contribute manufacturing expertise by granting a royalty-free licence for jointly developed manufacturing intellectual property, alongside a royalty-bearing licence covering certain pre-existing Toyota manufacturing technologies. Additional agreements and funding milestones remain The companies have agreed to negotiate an exclusive manufacturing supply agreement and other commercial arrangements before reaching the first funding milestone outlined in the transaction. Either party will have the right to terminate the agreement if they fail to reach terms on those commercial agreements. The venture will also require additional capital contributions as future funding milestones are achieved, with the investment amounts to be determined in an amended and restated shareholder agreement. The transaction may also require regulatory filings under the Hart-Scott-Rodino Antitrust Improvements Act and could be reviewed by the Committee on Foreign Investment in the United States. The filing further noted that completion of Toyota’s second $250 million investment tranche under a previously announced stock purchase agreement remains conditional on the execution and effectiveness of the future commercial agreements. Joby Aviation stock priceThe post Joby Aviation shares gain after forming manufacturing joint venture with Toyota (JOBY) appeared first on US Editors. Original: Joby Aviation shares gain after forming manufacturing joint venture with Toyota (JOBY)
double_m
2月前
Joby Aviation (NYSE: JOBY) reported its Q1 2026 financial results on May 5, 2026, highlighting a narrower-than-expected loss and continued strong cash reserves as it moves toward commercialization.
Q1 2026 Earnings Highlights (Reported May 5, 2026)
Adjusted Loss Per Share: -$0.12 (beating analyst estimates of a $0.20 to $0.21 loss).
Revenue: $24 million to $30.8 million, driven by the integration of the BLADE passenger business.
Cash Position: $2.5 billion in cash, cash equivalents, and short-term investments (significantly strengthened by a $1.2 billion capital raise completed in February 2026).
Cash Burn: Approximately $157 million in Q4 2025, with projected spending of $340-$370 million in the first half of 2026.
Key Developments & Future Outlook
FAA Certification: The company reached a critical milestone, recording an 18-point increase in Stage 4 certification and starting production of aircraft for Type Inspection Authorization (TIA) testing.
Passenger Operations: Joby reiterated its target to begin passenger operations in 2026, with planned demonstrations in Dubai and continued participation in U.S. government-backed programs.
Manufacturing Expansion: Acquired a 728,000 sq ft facility in Dayton, Ohio, to support plans for increasing production.
2026 Revenue Guidance: The company previously guided for $105 million to $115 million in revenue, which has been updated to up to $150 million.
Stock Performance (As of May 5, 2026)
YTD Performance: Shares have been volatile, down approximately 30-35% in 2026 prior to the earnings release, partly due to concerns regarding dilution from the $1.2 billion capital raise in January.
52-Week Range: $6.18 - $20.95.
Target Price: Analysts have previously suggested a 1y target around $11.79 to $18.00, representing significant potential upside if certification and operational milestones are met.
US Market News
2月前
Joby Aviation to Report First Quarter 2026 Financial ResultsApril 22, 2026 6:15 AM
Business Wire
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that it expects to release its first quarter 2026 financial results after market close on Tuesday, May 5, 2026, and to host a webcast at 5:00 pm ET on the same day. The webcast will be publicly available in the Upcoming Events section of the company website, www.jobyaviation.com. If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260422633654/en/Joby’s aircraft flying above the San Francisco Bay Area, CA (Photo: Joby Aviation)
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2026, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this presentation. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422633654/en/
Media:
press@jobyaviation.com
Investors:
investors@jobyaviation.com
Original: Joby Aviation to Report First Quarter 2026 Financial Results
US Market News
4月前
Joby’s First FAA-Conforming Aircraft Takes FlightMarch 11, 2026 4:55 PM
Business Wire
Flight marks a major step on the path to FAA Type Certification
Aircraft is first of a fleet being built for Type Inspection Authorization (TIA)
FAA pilots expected to begin ‘for credit’ TIA flight testing later this year
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has begun flight testing its first FAA-conforming aircraft for Type Inspection Authorization (TIA), a major step on the path to type certification. Initial testing by Joby pilots will pave the way for FAA pilots to visit Joby’s Marina, CA, facility later this year to conduct the rigorous TIA testing required to validate the aircraft for commercial service.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260311169915/en/Joby’s first FAA-conforming aircraft for TIA in flight at the Company’s test facility in Marina, CA (Credit: Joby Aviation)
Today’s announcement comes just days after the U.S. government cleared the way for mature aircraft designs like Joby’s to begin early operations across the U.S. this year, as part of the White House-backed eVTOL Integration Pilot Program (eIPP). Through the program, Joby has the opportunity to fly in Arizona, Florida, Idaho, New Jersey, New York, North Carolina, Oklahoma, Oregon, Texas and Utah, marking a major milestone for the U.S. air taxi industry with the potential to significantly accelerate Joby’s path to commercial service.
“Seeing this aircraft fly means everything to our team. It’s the validation of years of hard work and marks our entry into the final phase of bringing this aircraft to market,” said Didier Papadopoulos, President of Aircraft OEM at Joby. “After focusing on ‘for credit’ testing at both the equipment and system levels, we’re now moving into the final phase of aircraft-level evaluations. This is evidence that our rigorous design and certification process is paying off, and we look forward to welcoming FAA pilots to Marina in due course.”
The aircraft (N547JX) is the first of a fleet currently in production to support TIA testing, and has been assembled using an airframe and components built to FAA Designated Engineering Representative-approved designs and signed off by FAA Designated Airworthiness Representatives, as specified in Joby’s FAA-approved test plans.
The pace at which Joby has been able to move from prototype to conforming aircraft is rooted in its vertically integrated approach, a strategy that is redefining the industry’s path to certification. The vast majority of the Joby’s aircraft components are designed, engineered, tested and manufactured in-house, reducing reliance on third party suppliers, improving quality control, and shortening lead times.
In 2025, Joby celebrated the completion of an expanded manufacturing facility in Marina, CA and confirmed the start of propeller blade production in Ohio. Additionally, Joby recently acquired a new 700,000 square-foot facility in Dayton, Ohio to support its plans to double production to four aircraft per month in 2027. Over time, Joby’s Dayton facilities are expected to be capable of supporting the delivery of up to 500 aircraft per year.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Forward-Looking Statements ??
This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing, the expected timing of FAA “for credit” flights, and expected timing and benefits of the eIPP; manufacturing plans and targets, including plans to double production to four aircraft per month in 2027 and plans for our Dayton facilities to be capable of supporting the delivery of up to 500 aircraft per year; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including the expected benefits of our vertically-integrated business model. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; complexities related to obtaining certification and operating in foreign markets; participation in eIPP projects is subject to the finalization of OTA contracts; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2026, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260311169915/en/
Media:
Christine Theodorou
press@jobyaviation.com
Investors:
investors@jobyaviation.com
Original: Joby’s First FAA-Conforming Aircraft Takes Flight
US Market News
4月前
Joby to Begin U.S. Operations in 2026 Under White House Air Taxi ProgramMarch 9, 2026 4:42 PM
Business Wire
Joby selected for early operations covering 10 U.S. states as part of White House-backed program
Announcement marks major milestone for U.S. air taxi industry with the potential to significantly accelerate Joby’s path to commercial service
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has been selected as a partner in multiple winning applications under the White House-backed Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP). Through the program, Joby has the opportunity to begin early operations this year in Arizona, Florida, Idaho, New Jersey, New York, North Carolina, Oklahoma, Oregon, Texas and Utah, marking a major milestone for the U.S. air taxi industry with the potential to significantly accelerate Joby’s path to commercial service.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260309947371/en/A piloted Joby electric air taxi flying over Santa Cruz, California earlier this year. (Photo: Joby Aviation)
The eIPP program, established by Presidential Executive Order, paves the way for Joby to bring its technology directly to U.S. communities ahead of FAA type certification. It is expected to accelerate regulatory coordination by bringing the FAA and DOT together with local authorities to streamline approvals for airspace integration and the development of relevant infrastructure - advancing the safe integration of this new technology into the national airspace.
“This is a defining moment for American innovation,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “Instead of just reading about the future of flight, communities across America are going to be able to see it in the skies above their own cities this year.”
“Quiet, electric air taxis flying real routes are a powerful demonstration of American leadership in action, and proof that we’re building the next golden age of aviation right here in the U.S,” he added.
“America has set the pace and the standard in aerospace innovation since the Wright Brothers first took to the skies," said Greg Bowles, Chief Policy Officer at Joby. “This is how our country has always led — by bringing people together to turn breakthrough technology into real-world progress. From President Trump and Secretary Duffy to the state and local leaders who helped drive these applications forward, this kind of coordination is what will ensure America continues to lead. We’re grateful to our partners at every level who stepped up to make this possible, and we’re excited to see communities witness this next chapter of aviation take flight.”
In addition to its air taxi aircraft, Joby was also selected for applications that include Joby’s Superpilot™ autonomous flight technology platform. Designed to enable highly automated operations over time, Superpilot™ has the potential to further expand the range of use cases partner states can explore under the program.
Joby is participating in the following programs that have been selected as part of the eIPP:
Florida: A statewide effort that will include three phases of operations focused on cargo delivery, passenger transportation, automation, and medical response, supported by significant public and private investment.
Port Authority of New York and New Jersey: Joby will collaborate on multiple operational concepts across New England, including air taxi passenger operations at the Manhattan heliport.
Texas Department of Transportation: This application will support operations connecting Dallas, Austin, San Antonio, and eventually Houston, with air taxi networks expanding from each city to extend regional reach.
North Carolina Department of Transportation: This application will work with industry partners to establish piloted medical and regional operations across the state while also developing an autonomous flight operation extending into Virginia.
Utah Department of Transportation: This application covers four states spanning the Pacific Northwest, the Rocky Mountains, and the Plains of Oklahoma and will test a wide range of next-generation aircraft and operational concepts.
The applications selected today will now progress into an Other Transaction Authority (OTA) stage, where agreements and operational details will be finalized. Flights are expected to commence within 90 days of OTA contracts being finalized.
Joby’s first FAA-conforming aircraft for Type Inspection Authorization (TIA) is set to fly shortly, marking a major step on the path toward Type Certification. The company regularly flies piloted, full-transition flights - taking off vertically, transitioning to wingborne cruise, and returning to vertical landing - as part of a comprehensive real-world flight test program, demonstrating the operational maturity required to participate in the eIPP program.
Joby recently announced plans to scale production to four aircraft per month in 2027, supported by expanded facilities in Marina, CA and Dayton, OH, in order to meet unprecedented global demand for its technology.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing; expected benefits of and operations under the eIPP, including the expected timing and location of such operations; expectations to scale manufacturing to four aircraft per month in 2027; our business plan, objectives, goals and market opportunity; plans for, and potential benefits of, our strategic partnerships; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including the expected benefits of our vertically-integrated business model. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; participation in eIPP projects is subject to the finalization of OTA contracts; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2026, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260309947371/en/
Media:
press@jobyaviation.com
Investors:
investors@jobyaviation.com
Original: Joby to Begin U.S. Operations in 2026 Under White House Air Taxi Program
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