dailyloe.com – Joby Aviation (NYSE: JOBY), known for its electric vertical takeoff and landing (eVTOL) aircraft, reached a peak stock price of $20.39 on August 4, 2025. The surge was attributed to its technological advancements, strong partnerships, and plans for commercial air taxi flights. However, the stock is currently trading at less than $9 per share, representing a nearly 60% decline.
Joby’s eVTOL, the S4, can carry one pilot and four passengers, traveling up to 150 miles on a single charge at speeds of 200 miles per hour. It features single-tilt-rotor propellers that switch between lifting and cruising modes, allowing it to outperform Archer Aviation’s Midnight model. Both companies aim to replace traditional helicopters for short-range air taxi services.
Joby has garnered investments from notable companies such as Toyota, Delta Air Lines, and Uber. Uber plans to incorporate Joby’s eVTOL rides into its ride-hailing app, Uber Air, pending regulatory approval. Toyota is increasing its investments to aid in the certification and commercialization of Joby’s air taxis.
Airlines such as Delta, Virgin Atlantic, and All Nippon Airways intend to offer Joby’s flights as premium last-mile services. The global eVTOL market is projected to experience a compound annual growth rate (CAGR) of 36.8% from 2026 to 2034, according to Fortune Business Insights. If Joby maintains its market leadership, analysts forecast its revenue could rise from $53 million in 2025 to $459 million in 2034.
