Overview
- An executive order from President Donald Trump and a new White House Integration Pilot Program allow mature eVTOL aircraft to operate in select U.S. markets without full FAA certification.
- Joby announced it will participate in the pilot program, creating a pathway for limited, supervised operations that can inform broader rules.
- Joby shares jumped as much as 11.2% during Friday trading before ending the day up 2.3%.
- Coverage characterized the policy shift as a potential boost for U.S. pilot training and for defense-related development and testing of eVTOL systems.
- Despite the move, Joby remains pre‑revenue with roughly a $12 billion market capitalization and is described as a high‑risk investment.