BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Joby Aviation Stock Surges on U.K. Regulatory Tailwinds
Joby Aviation Stock Surges on U.K. Regulatory Tailwinds
12
3
BTCCSquare news:
Joby Aviation's stock soared 13.4% Friday, outpacing broader market gains as the S&P 500 and Nasdaq climbed 0.5% and 0.7% respectively. The rally followed a favorable U.K. Civil Aviation Authority report signaling regulatory openness for eVTOL aircraft deployment.
The pre-revenue company now trades at stratospheric valuations, with a forward price-to-sales multiple exceeding 61,000. While the U.K. regulatory development marks progress, commercial eVTOL operations remain speculative across global markets.
By:
