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Joby Aviation Surges on White House eVTOL Program Participation
Joby Aviation Surges on White House eVTOL Program Participation
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BTCCSquare news:
Joby Aviation's stock (JOBY) rallied 2.38% in volatile Friday trading after announcing inclusion in the WHITE House's eVTOL Integration Pilot Program. The program, initiated under a Trump-era executive order, allows select eVTOL operators to bypass full FAA certification—a potential accelerant for commercial and defense applications.
The $12 billion market cap company remains pre-revenue, placing it firmly in high-risk investment territory. While regulatory tailwinds could streamline U.S. pilot training and operational scaling, the stock's 11.2% intraday peak and subsequent retreat underscore its volatility. This remains a speculative play for investors comfortable with binary outcomes.
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