Overview
- Shares are up roughly 70% in 2025 but have recently slipped below $15, marking a reversal from earlier highs.
- Joby remains pre‑revenue and lacks FAA type certification, which prevents commercial scaling and meaningful revenue.
- The company reports it is in the final stages of FAA type certification, signaling progress toward potential operations.
- Joby ended last quarter with about $978 million in cash and then raised roughly $576 million in October, yet posted about $808 million in net losses over the last three quarters.
- At around a $13 billion market value, the stock is expected to stay volatile, with the article framing it as a high‑risk choice suited to long‑horizon, aggressive investors.