Joby Aviation’s Stock Plunge and Future Prospects

Joby Aviation's stock tumbled nearly 9% following the announcement of a $500 million share offering, diluting existing shareholders. The MOVE surprised investors, coming after a 225% rally over the past six months fueled by regulatory progress in its electric vertical takeoff and landing (eVTOL) aircraft program.

The capital raise aims to accelerate FAA certification, manufacturing expansion, and commercial readiness. Despite the near-term setback, Joby has reached the final 'Show and Verify' stage of FAA approval and recently demonstrated its technology at Expo 2025 Osaka.

Top investor Rick Orford remains bullish on the company's long-term potential, betting on its first-mover advantage in the emerging air mobility sector. The stock's volatility reflects the high-risk, high-reward nature of pre-revenue transportation disruptors.