New York, May 22, 2026, 17:01 EDT
Joby Aviation shares ended Friday up nearly 5% at $10.92, then dipped to $10.90 in after-hours trade. Traders kept buying JOBY ahead of the Memorial Day break. Volume finished above the stock’s recent average. The price is still about 50% below the 52-week high of $20.95.
Market hours count for traders. U.S. stock markets kept normal hours Friday, the New York Stock Exchange wrapped up standard trading at 4 p.m. Eastern, then ran late hours until 8 p.m. Nasdaq shows Monday, May 25, as shut for Memorial Day. Traders will hold their positions over the three-day break.
Joby shares jumped as the Dow reached its first intraday record high since February, Reuters reported Friday. The bigger move in Joby is a bet the company can turn recent flight tests, regulatory work, and its Blade passenger service into actual air-taxi revenue before investors get tired of waiting.
Joby is working on an electric vertical take-off and landing, or eVTOL, aircraft. The battery-powered model can take off like a helicopter and fly like a small plane. Joby plans for it to hold a pilot and four passengers and says the first riders are targeted for 2026.
Joby told investors in its latest SEC filing that its first FAA-conforming aircraft had flown under Type Inspection Authorization, and it finished its SR3 audit with the FAA. The company also ended March holding $2.5 billion in cash, cash equivalents and short-term investments.
Shareholder letter numbers laid out the split opinions on the stock. Quarterly revenue hit $24 million, mainly from Blade. Joby reported a net loss of $110 million and burned through $195 million in cash and equivalents, not counting any new financing. The 2026 revenue target is still set at $105 million to $115 million.
Joby CEO JoeBen Bevirt told shareholders in May that the company now has the “clearest path” yet to passenger service after demo flights in the New York and San Francisco areas. Investors are watching that line as the market is trading Joby less on current earnings and more on certification and when it will launch. SEC
Joby gets a way to move from test flights to actual paying customers through Blade. Blade CEO Rob Wiesenthal told Business Insider this week that “narrow arteries around JFK” account for 70% to 80% of a normal car ride’s travel time. He said quick airport hops could help commuters see what vertical transport can offer. Business Insider
Archer Aviation this month said it finished Phase 3 of the FAA type-certification process for its Midnight aircraft. Embraer-backed Eve, on May 21, reported it wrapped up a hover and low-speed flight block ahead of transition testing. Both companies are logging key milestones, so the eVTOL story isn’t just about Joby.
The downside is still clear. Joby said in its latest quarterly filing that if it runs into delays or changes with key authorizations or certifications, it might not be able to start commercial service on schedule. The company also listed big investment costs, rivals, infrastructure hurdles, and Archer’s International Trade Commission complaint as risks to both certification and launch.
Joby shares bounced Friday as traders bet on progress rather than profits, at least for now. The next hurdle hits after the long weekend, when the market will focus less on demo flights and more on whether the company can pull together regulators, infrastructure and paying customers at about the same time.
