Joby: From Sci-Fi to Sky-High? The Air Taxi Game Just Got Real
Joby Aviation (NYSE: JOBY, $10.66)
🚁 Welcome aboard!
🛬 As part of our "Young Guns & Recent IPOs" series, we're buckling up for a closer look at Joby Aviation, Inc. — a Santa Cruz-based company that might just bring the Jetsons to life. Think vertical takeoff, electric mobility, app-based booking, and ride-sharing in the sky.
🌍 Trigger 1: Global Lift-Off via Dubai
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Joby just completed successful piloted eVTOL flights in Dubai ✈️
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Delivered its first aircraft to the UAE
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Building its first commercial vertiport at DXB with Skyports — on track for Q1 2026
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Partnered with Dubai's Roads and Transport Authority and UAE Civil Aviation Authority
Translation: Real planes. Real partners. Real future.
🌟 Trigger 2: Toyota Drops $250M
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Toyota just dropped a $250 million tranche as part of a $500 million strategic investment
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This isn’t just money — it's manufacturing alliance vibes
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Think flying Priuses (but with rotors and a much better view)
📊 First Quarter 2025 Highlights:
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Record certification progress ✅
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Pilot-on-board transition flights (yes, humans!) 🧜♂️
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Virgin Atlantic partnership for UK skies 🇬🇧
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$813M in cash — plus another $250M from Toyota coming in Q2 💵
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Fifth aircraft powered on from Joby's pilot line
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Expanded Marina, CA facility nearly complete — double the size!
👉 Want the full picture? Dive into Joby Aviation's financials here.
🌐 Market Opportunity & Metrics
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Market Cap: $9B — yes, pre-revenue!
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Quarterly Op Loss: -$163M (Q1 2025)
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US eVTOL Market: $644M in 2024 ➔ expected to hit $52B+ by 2034
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CAGR: 55.17% — that’s a lot of vertical velocity
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Target customer: You. Yes, you. Tired of traffic?
📈 Balance Sheet & Backers
Joby is loaded with cash, thanks to:
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Toyota
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Baillie Gifford
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Vanguard
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Blackrock
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Uber
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Intel
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Delta
Institutional Ownership: ~65% of Float
Top Holders Table (As of March 31, 2025):
| Holder | Shares | % Out | Value |
|---|---|---|---|
| Toyota Motor Corp | 78.75M | 9.95% | $839.5M |
| Baillie Gifford | 53.88M | 6.80% | $574.3M |
| Vanguard | 45.37M | 5.73% | $483.6M |
| Blackrock | 32.53M | 4.11% | $346.8M |
| Uber | 25.56M | 3.23% | $272.5M |
| Intel | 18.42M | 2.33% | $196.3M |
| Delta | 11.04M | 1.39% | $117.7M |
🔍 For full Institutional Ownership breakdown, see here.
⚠️ But Wait… Risks Are Real
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Pre-revenue? Yup.
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Pre-profit? Also yup.
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Cash burn? Steady.
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Regulatory hurdles? Absolutely.
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Profitability projection? TBD.
This is a highly speculative, high-potential stock. The upside? Sky-high. The downside? Grounded.
💡💡 Curious about another deep oil exploration play?
Check our takes on UnitedHealth Group or even Oscar Health.
🛎️ Our Flight Plan Summary:
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🌟 Visionary tech + major global partnerships
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💵 Strong balance sheet + Toyota infusion
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✈️ eVTOL market about to explode
Just remember:
High growth and Profitability have yet to be ascertained, making this a highly speculative investment.
(Yes, we're saying it three times. Just like flight announcements.)
🚨 Disclaimer:
We’re not financial advisors. But we do wish you a pleasant flight.
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