NEW YORK, May 28, 2026, 15:03 EDT
- Joby Aviation shares traded about 6.5% higher at $12.23, beating the moves in SPY and IWM.
- Joby Aero, Inc.’s investor-relations site still shows its most recent press release as the May 5 first-quarter results. There’s no new operating announcement from the company in the last two days.
- Chief Policy Officer Gregory Bowles sold shares, according to a May 26 SEC filing, which cited tax requirements and pre-set trading plans.
Joby Aviation stock climbed in Thursday’s afternoon session, up about 6.5% at $12.23. There was no new press release from the electric air-taxi company, but shares outperformed the broader market. That price values the company around $11.5 billion.
Joby is still trading more on its prospects than its actual earnings, as the focus stays on how fast the company can switch its test eVTOLs—electric vertical takeoff and landing aircraft—from prototypes to carrying paying passengers. The aircraft go up like helicopters and cruise like traditional planes.
Shares in Joby moved up as small-cap, high-growth transport stocks traded higher. Archer Aviation, another U.S.-listed air taxi name, added 5.7%. SPDR S&P 500 ETF Trust, which tracks the S&P 500, was up about 0.5%. The iShares Russell 2000 ETF, which follows small-caps, climbed 0.6%.
Joby hasn’t posted any fresh operational updates. The latest news on its investor page is still the Q1 release from May 5, along with April notes about New York flights and a vertiport plan near Los Angeles. Thursday’s move looked more like momentum in a busy sector than a reaction to anything new from the company.
Form 4 filed May 26 showed Chief Policy Officer Gregory Bowles sold 4,602 shares at a weighted average of $11.47 using a 10b5-1 plan. He also sold 3,486 shares for taxes on restricted stock units, or stock awards.
Joby’s plans center on certification. In March, Reuters said Joby started flying its first production version for FAA certification tests, and FAA pilots are due to evaluate it later this year. The aircraft fits a pilot plus four passengers. Joby targets Dubai and some U.S. service before year-end.
Joby reported $2.5 billion in cash, cash equivalents, and short-term investments at the end of the first quarter. Founder and CEO JoeBen Bevirt told investors the company now has the “clearest path” yet to starting passenger operations. Joby Aero, Inc.
Joby’s financials look more like a start-up than an airline so far. The 10-Q showed first-quarter revenue at $24.2 million, net loss at $110 million, and an operating loss of $233.6 million. The company said most of the money came from Blade passenger services and other projects, not certified Joby aircraft flying paid routes.
Archer said this month it was the first to finish Phase 3 of the FAA’s four-step type certification for eVTOL aircraft, with initial U.S. operations set to start this year under the eVTOL Integration Pilot Program, which lets the aircraft fly in real-world tests. Competition is getting tighter. “Another banner quarter,” Archer CEO Adam Goldstein said. Business Wire
Stock movement could outpace regulators, infrastructure or output. Joby said in its 10-Q that if it fails to get more capital or generate enough cash, it might have to cut production, scale back vertiport investments, slow expansion or R&D.
For now, traders are sticking to what’s in front of them: cash in the bank, some test flights, a slate of federal pilot programs, and an open road to possible first passenger service. The next challenge is down the line, when Joby needs to prove those future air miles can support an actual business instead of just fueling another run-up in a pre-profit aviation name.
