Investor Optimism and Skepticism Clash Over Joby Aviation’s Future
Joby Aviation, a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, has drawn both bullish enthusiasm and sharp scrutiny from investors. The stock’s $7 billion valuation reflects sky-high expectations for an industry projected to grow at a 62% CAGR through 2030, with over 250,000 eVTOLs anticipated by 2045, per Bank of America research.
Yet Pythia Research highlights the speculative nature of Joby’s premium, noting its pre-revenue status and infinite forward multiples. 'Such a valuation is 100% based on execution,' the firm asserts, framing the current price as a bet on flawless commercialization of its 200-mph air taxi by 2027.