Joby Stock Soars: The Electric Air Taxi Rally You Can’t Ignore

Wall Street wakes up to vertical lift-off as Joby Aviation's shares defy gravity. Here's why traders are suddenly bullish on flying cars—and why skeptics are rolling their eyes.

Betting on the Jetsons Economy

Another 15% surge today puts Joby up 72% since June, despite zero operational revenue. Because nothing screams 'sound investment' like a pre-revenue company burning cash to reinvent urban transit.

Short Sellers Get Airsick

With 18% of float sold short, this squeeze has hedge funds reaching for the barf bags. The FAA's recent green light for test flights didn't hurt—regulatory tailwinds are real.

The Big If

If (and it's a big if) Joby delivers certified eVTOLs by 2025, today's $6B valuation might look cheap. Until then? Enjoy the volatility—this stock's got more ups and downs than their prototype's flight path.

Image source: Getty Images.

Joby's new acquisition is lifting investors' enthusiasm higher

Taking a major step in advance of launching commercial operations, Joby announced this morning that it has entered into a definitive agreement to acquire the urban air mobility business of(BLDE 26.59%). As a result of the acquisition -- valued at up to $125 million -- Joby will gain immediate market access to both urban corridors in New York City and Southern Europe, as well as infrastructure assets.

While Blade's medical division isn't included in the acquisition, Joby will serve as the preferred VTOL partner for Blade's organ transport business.

Addressing the allure of the acquisition, JoeBen Bevirt, Joby founder and CEO, stated that he recognized that "[t]his is a strategically important acquisition that will support the successful launch of Joby's commercial operations in Dubai, our subsequent global rollout, and our continued leadership in the sector."

Does the deal with Blade make Joby stock a buy?

The acquisition of Blade's business is certainly a positive for Joby, as it provides a great head start as the company nears the launch of its air taxi business. In 2024, Blade estimate it flew more than 50,000 passengers from a network of 12 urban terminals situated in key urban air mobility markets around the world.

Auspicious as this development is for eVTOL leader Joby, there are plenty of other compelling reasons to consider buying shares right now. This news item simply adds another factor to the list.