Joby Aviation Stock Rises as Air Taxi Demand Data Gives Bulls a Fresh Lift
Joby Aviation shares moved higher after investors found a fresh reason to revisit air-taxi stocks. The stock was last quoted at $9.67, up roughly $0.53, while the Invesco QQQ Trust, a widely followed Nasdaq-100 exchange-traded fund, also rose in a stronger market tape. Monday’s move was not just a Joby story. The broader eVTOL group rallied as risk appetite improved, with one market report noting Joby climbed about 7% alongside gains in Archer Aviation and EHang. The stock also got help from renewed attention on consumer demand. A Jefferies survey reported by financial media found that about half of consumers were aware of eVTOLs — electric vertical takeoff and landing aircraft — and that 79% expressed some interest in trying flying taxis. The same survey indicated riders would pay about $91 for a 15-minute flight that saves 45 minutes, a key data point because Joby’s valuation depends less on current revenue and more on whether air-taxi service can become a real, repeat-use transportation market.