New York, June 15, 2026, 14:48 (EDT)
• Joby Aviation shares rose roughly 7% to $9.79 during Monday afternoon trading.
• The move came as stocks rallied in a broader risk-on session, with no new updates from the company driving the gain.
• The focus for investors now is on FAA testing milestones, U.S. pilot program launches, and the start of commercial flights in Dubai.
Joby Aviation (NYSE: JOBY) rose roughly 7% Monday, last at $9.79, a gain of $0.64, with trading volume around 41.6 million shares. Market cap sat close to $9.23 billion. Joby hasn’t posted positive earnings. There’s no P/E to look at yet. The stock trades on future revenue bets, not profits. Moves in names like this tend to come from shifts in what buyers will pay for sales that haven’t come in yet. If investors accept a higher sales multiple, the stock might run. When there are delays, dilution, profit-taking, or regulatory questions, it often slides.
Joby shares climbed about 7% Monday, but traders were looking at risk across the space, not just the company. A report tracking air-taxi names called out similar moves in other electric VTOL stocks, saying the sector-wide rally was more about sentiment. 24/7 Wall St. Risk-on buying was back as traders took on more speculative growth trades. Global equities rallied, helped by relief after a potential U.S.-Iran agreement cooled oil fears. The S&P 500 was up 1.9%, Nasdaq Composite higher by 3% by early afternoon, according to AP.
Joby bulls note the company’s progress versus other early-stage aviation names. Joby is building an eVTOL, short for electric vertical takeoff and landing aircraft, which lifts off like a helicopter and flies on battery power. The latest quarter showed $24.2 million in revenue for Joby, a net loss of $109.95 million, and an operating loss of $233.6 million. Those numbers include commercial revenue but also reflect big costs around certification, manufacturing, and operations. Joby Aero, Inc. As of March, Joby had $2.47 billion in cash, equivalents, and short-term investments—far more than most of its pre-profit transport peers. Joby Aero, Inc. In May, founder and CEO JoeBen Bevirt said Joby now has “the clearest path we’ve ever had to beginning passenger operations.” Joby Aviation
Joby still faces major steps with certification and getting to real passenger flights. The company says its first FAA-conforming aircraft under Type Inspection Authorization has started flight tests. That means the TIA phase is now underway, opening up FAA-sanctioned testing before it can move to commercial flights. Joby says FAA pilots are scheduled for “for credit” TIA flights later this year. Joby Aviation Investors are also watching the U.S. eVTOL Integration Pilot Program, where Joby is cleared to test in several states. Dubai has a 2026 goal for air taxis. Reuters said Joby’s air taxis may start commercial work in the emirate by late that year. Joby Aviation Reuters
Joby’s main problems come down to how it’s valued and whether it can execute. The company is losing money, burning cash and waiting for regulators to sign off before any commercial passenger flights can begin. Analysts aren’t in agreement. As of June 15, MarketBeat showed a “Reduce” call from nine analysts—three say sell, four say hold, two are buyers. The average 12-month target is $13.06, which is above where the stock’s trading. MarketBeat The split points to risk. There’s upside if certification and Dubai happen, but for now it’s still a story of an early-stage company with heavy costs and a chance of delays.
Joby shares on Monday are trading on risk, not value. Bulls point to the company’s cash, FAA work, Dubai debut, and pilot project updates in the U.S. But critics say the market cap is too high, with quarterly losses still far bigger than revenue. For the stock to move up for more than sentiment, investors likely have to see real progress on certification, test flights, and actual paying passenger service becoming repeatable.
