Joby Aviation’s $500 Million Stock Gamble Triggers Selloff – Can the Air Taxi Dream Still Soar?
Joby’s $500M Stock Offering and Selloff Joby Aviation – a California-based developer of all-electric vertical takeoff and landing (eVTOL) air taxis – shocked investors on Oct. 7, 2025 by announcing a major stock sale after a year of surging share prices. The company launched a $500 million underwritten public offering of common stock, selling 30.5 million shares at $16.85 each (with an option for underwriters to buy 4.575 million more) ir.jobyaviation.com. Morgan Stanley is the sole book-runner on the deal ir.jobyaviation.com. The offering will gross approximately $513.9 million (or up to ~$589M if the extra shares are sold) ir.jobyaviation.com, bolstering Joby’s balance sheet for the