Amount
Latest price
$16.28
(£1.00 = $1.335)
Number of shares (est.)
0
Market Cap
$15.102B
P/E ratio
-15.99
EPS
-$1.072
Beta
2.52
Dividend rate
N/A
Dividend yield
N/A
Joby Aviation, Inc. is a transportation company developing an all-electric, vertical take-off and landing air taxi. The Company is engaged in designing and testing a piloted all-electric, vertical take-off and landing (eVTOL) aircraft. The Joby eVTOL is designed to transport a pilot and up to four passengers or an expected payload of up to 1,000 pounds at speeds of up to 200 miles per hour (mph). The aircraft is optimized for urban routes, with a target range of up to 100 miles on a single charge. The Company plans to manufacture, own and operate its aircraft itself, building a vertically integrated transportation company that delivers transportation services to customers, including government agencies such as the United States Air Force (USAF) through sales or contracted operations, and to individual end-users through a convenient app-based aerial ridesharing service. It also offers a network of terminals and loyal flyers in markets like New York and in Southern Europe.
CEO
Mr. JoeBen Bevirt
Employees
2,029
Sector
Travel
Company HQ
SANTA CRUZ, United States of America
Website
Most investors see flying taxis as science fiction. But while skeptics debate whether electric vertical takeoff and landing (eVTOL) aircraft will ever move beyond tech demos, Joby Aviation (JOBY -1.35%) is assembling its first certification-ready aircraft and booking passengers for 2026 flights in Dubai.
SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY) (“Joby”), a company developing electric air taxis for commercial passenger service, announced today the closing of an underwritten offering of 35,075,000 shares of its common stock at an offering price of $16.85 per share. The shares of common stock issued and sold in the offering include 4,575,000 shares issued upon the exercise in full by the underwriter of its option to purchase additional shares of common stock at the off.
Joby Aviation raised $514 million via equity to fund eVTOL certification and manufacturing, causing a 9% stock drop. Capital raises are routine for eVTOL developers like JOBY, given high development costs and a lack of near-term revenue or cash flow. Valuation metrics suggest JOBY is fairly valued at 12x P/B, with potential downside if historical multiples are applied, and more capital raises are likely.
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