Joby Aviation successfully completed a test flight between two public airports, showcasing its readiness for commercial operations. The company also signed a deal with L3Harris Technologies to develop a military-specific aircraft and acquired Blade Air Mobility’s passenger business for $125 million. This led to a surge in JOBY stock, which has gained 176% in the past year. Despite positive developments, Q2 results showed a decline in revenue and an increased net loss per share. Analysts have downgraded the stock to a “Hold” rating due to valuation concerns, but remain optimistic about Joby’s long-term prospects.

Read more at Yahoo Finance: Joby Aviation Just Aced New Test Flights. Should You Buy the Flying Car Stock Here?