NEW YORK, June 24, 2026, 14:02 (EDT)
- Joby Aviation stock fell 3.5% to $9.22 in early afternoon trade. Volume was around 29.6 million shares.
- Joby’s newsroom hasn’t posted a company press release in the past 48 hours. The most recent entries online are from May 15 and May 5.
- Other electric air-taxi stocks fell too. Archer Aviation slipped 2.8%. Eve Holding dropped 0.7%.
Joby Aviation shares dropped Wednesday, with the electric air-taxi stock under pressure as investors kept up focus on U.S. certification, launch timing and how the company is spending cash. A new announcement from Joby didn’t shift sentiment.
The stock traded at $9.22, off 33 cents. Shares moved from $9.01 to $9.64. Joby’s latest market cap sat around $8.7 billion.
U.S. markets traded on a normal schedule Wednesday. NYSE says its regular hours are 9:30 a.m. to 4 p.m. ET. The June 2026 holiday listed is Juneteenth, set for Friday, June 19.
There was no new press release from the company online as of Tuesday or Wednesday. The most recent entries in the newsroom were a May 15 sustainability note and a May 5 first-quarter report.
Shares of listed electric vertical takeoff and landing aircraft makers slipped. EVTOLs rise and land vertically, then cruise like regular aircraft. Archer Aviation dropped 2.8%. Eve Holding eased 0.7%.
Joby is working on an all-electric aircraft that can go up to 100 miles. The company plans to run its own passenger flights and also to sell planes to other groups and partners. Its strategic partners include Toyota, Delta Air Lines, and Uber.
Joby posted first-quarter revenue of $24.2 million in its latest quarterly filing, up from zero a year earlier. Net loss widened to $110.0 million from $82.4 million. The company finished March with $2.47 billion in cash, cash equivalents and short-term investments.
Joby Aero, Inc. said in May it flew its first FAA-conforming aircraft and finished its SR3 audit, which is the third out of four key FAA reviews for certification. The company also said it might start early operations in 2026 under the White House’s eVTOL Integration Pilot Program, with these flights coming before full FAA type certification—the final step to get design approval for commercial use.
Joby has started flying its first aircraft for certification testing with U.S. regulators, Reuters reported in March. The model, which is headed for type inspection authorization, has six rotors and seats for a pilot plus four passengers, according to the report. FAA pilots would conduct evaluations after this step.
Joby ran demo flights in April between JFK and Manhattan heliports. Founder and CEO JoeBen Bevirt called it “a quiet, zero operating emissions air taxi service designed to better serve New Yorkers.” Port Authority Chairman Kevin O’Toole said the flights would help the agency “determine how next-generation aviation technology can serve the people of New York and New Jersey.” Joby Aviation
Joby CEO Bevirt said after Q1 results that the company has “the clearest path we’ve ever had to beginning passenger operations,” pointing to the New York flights, a national tour and a federal pilot program. Joby Aero, Inc.
The trade can work the opposite way if FAA timing moves back, costs go up, or passenger service takes longer to make money. In its filing, Joby said it has reported net operating losses and negative cash flow from operations every year since 2009. As of March 31, the company had an accumulated deficit of $2.90 billion.
Related articles: NYSE:JOBY
