Joby Aviation saw a 34.9% surge in June after successful aircraft testing in Dubai

From Nasdaq: 2025-07-01 22:18:00

Joby Aviation (NYSE: JOBY) saw a 34.9% surge in June after successfully testing its aircraft in Dubai. The company aims to bring electric vertical-takeoff-and-landing (eVTOL) aircraft to market, with plans to start passenger services in Dubai by 2026. Joby’s progress sets it apart in the air taxi market, but investors should be cautious as the stock is valued at over $8 billion. The company is still awaiting final regulatory approval before mass production. Despite the risks, Joby remains a favorite in the industry for potential success.

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