Joby stock soars 8% again as air taxi expansion lifts entire eVTOL sector — Archer, KRMN surge too
JoeBen Bevirt, the visionary founder and CEO of Joby Aviation, has officially rejoined the billionaire ranks — and the rally that put him there is still going strong. Joby Aviation Inc (NYSE: JOBY) surged 7.47% today, climbing $1.22 to close at $17.55, extending a breathtaking 160% run-up since April.
This renewed momentum is part of a larger wave lifting the entire electric air mobility sector. As Joby pushes forward with its ambitious air taxi expansion, fellow eVTOL players Archer Aviation (ACHR) and Karman Holdings (KRMN) are also flying higher, with investors piling in on the future of urban aerial transport.
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This explosive rally has turned CEO JoeBen Bevirt into a billionaire again, thanks to his 12% stake in the company now valued at over $1.3 billion. Investors are betting big on the eVTOL (electric vertical takeoff and landing) revolution — and Joby is right at the center of it.
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Why is Joby stock still soaring?
Today's 7%+ pop builds on a multi-month rally that's been fueled by:
Aggressive production scale-up
: Joby is doubling its California facility and ramping up manufacturing in Dayton, Ohio, targeting
24 aircraft per year
as it gears up for commercial launch.
Test flights and rollout progress
: Successful pilot tests in
Dubai
, upcoming vertiport construction, and plans for
U.S. launches in NYC and L.A.
by 2025 are sparking investor optimism.
Sector-wide momentum
: Policy support, growing FAA cooperation, and surging interest in electric vertical takeoff and landing (eVTOL) technology are lifting peers like Archer and KRMN.
Live Events
What's happening across the eVTOL sector?
Company
Price
Change
% Change
Joby Aviation
$17.55
+$1.22
+7.47%
Archer Aviation
$12.79
+$0.70
+5.79%
Karman Holdings
$54.67
+$0.93
+1.73%
The strong rally in these stocks reflects broad-based investor excitement over the dawn of flying taxis. Archer is riding Joby's coattails with its own certification progress, while KRMN benefits from increased demand in defense-related aerospace systems, a related tailwind.
Why is Joby Aviation expanding its air taxi production now?
On Tuesday, Joby Aviation announced a major expansion of its Marina, California facility in the Monterey Bay area, aiming to double aircraft production. The new space will cover 435,500 square feet, allowing the company to scale up manufacturing to 24 aircraft per year. This is a crucial step for Joby as it prepares to move from prototype testing to real-world operations.
In parallel, the company is also ramping up activity at its Dayton, Ohio plant, where it will build and test aircraft components. This dual-site approach is designed to support fast, scalable production — a key factor as the company nears commercial deployment.
'Reimagining urban mobility takes speed, scale and precision manufacturing,' said Eric Allison, Joby's Chief Product Officer, in a statement.
When and where will Joby launch its electric air taxi service?
Joby Aviation is preparing for a commercial launch in Dubai in early 2026, with plans to expand to New York City and Los Angeles by 2025. The company has already conducted piloted test flights in Dubai and delivered its first aircraft to the United Arab Emirates. Construction of the first commercial vertiport at Dubai International Airport is underway and expected to be completed by Q1 2026.
These international test flights are part of Joby's strategy to secure regulatory approval and showcase real-world readiness.
What's fueling the Joby stock rally in 2025?
Several factors have pushed Joby stock into breakout mode this year:
Strong sector momentum: Investor excitement around the advanced air mobility (AAM) sector has lifted the entire eVTOL space.
Production readiness: Expanded facilities in California and Ohio suggest Joby is closer to mass production.
Dubai test flights: Successful piloted vertical takeoff and landing (VTOL) flights demonstrate technical progress.
Early mover advantage: Joby is among the first to deliver an aircraft to the UAE, showing international trust.
Joby's gains also come as rival Archer Aviation (NYSE: ACHR) rose 7% Wednesday and is up nearly 24% year-to-date. Meanwhile, defense contractor Karman Holdings (NYSE: KRMN), another industry peer, hit a record high, more than doubling since its February IPO at $22.
Can Joby sustain this rally?
While short-term technicals and sentiment are extremely bullish, analysts are urging caution.
Wall Street consensus
: Average 12-month price target sits around
$9.33
, suggesting potential downside from current levels.
Bearish scenarios
: Some predictive models forecast JOBY dropping to
$5–7
by 2026 due to limited current revenue (~$136K) and ongoing unprofitability.
Bullish case
: Supporters point to Joby's market leadership, production growth, and FAA certification pathway as long-term catalysts.
Is Joby stock a smart investment right now?
In the short term, analysts are bullish. Joby's momentum and strong technical indicators suggest it could climb to $16–$17 soon. But the long-term outlook is mixed. Wall Street's 12-month consensus price target sits around $9.33, hinting at possible downside from current levels.
Forecasts diverge widely:
Bearish estimates:
Some models expect a drop to $5–$7 by 2026 due to lack of revenue.
Bullish scenarios:
Optimists see Joby trading above $13–$15 as it rolls out commercial flights.
While Joby's 2024 revenue was just $136,000, and the company remains unprofitable, its progress toward certification and market entry keeps investors interested. Still, it remains a speculative play, and any delay in FAA approval or operational setbacks could shake confidence.
Who is JoeBen Bevirt, the brain behind Joby Aviation?
JoeBen Bevirt, 51, is the founder and CEO of Joby Aviation. He launched the company in 2009, driven by a vision to transform how people move in cities through electric flight.
Education:
Mechanical engineering degrees from UC Davis and Stanford.
Career:
Prior to Joby, he created Joby Inc., the camera gear company, and Velocity11, a robotics startup.
Patents:
Bevirt holds more than 160 patents, many tied to eVTOL technology.
Net worth:
With Joby's stock rally, his 12% stake now exceeds $1.3 billion.
Bevirt's track record as an inventor and entrepreneur gives investors hope that he can steer Joby through the complex path to full-scale operations.
Can Joby dominate the flying taxi future?
Bull Case: Joby is clearly ahead in many aspects — testing, manufacturing, FAA collaboration, and international rollout. With real aircraft already flying and vertiports under construction, Joby has a strong head start.
Bear Case: The company still brings in very little revenue and faces steep operational and regulatory hurdles. If timelines slip or technical issues arise, the hype could fade quickly.
Joby Aviation stock is soaring, fueled by expansion plans, successful test flights, and growing investor optimism. But as with any high-growth startup in a new industry, it comes with risks. The company's ability to scale production, win regulatory approval, and launch services will determine if it becomes the leader of the air taxi revolution — or just another speculative bubble.
For now, the market is giving Joby the benefit of the doubt. Time will tell if it delivers.
FAQs:
Q1: What is driving Joby stock higher in 2025?
Joby stock is rising due to expanded production, Dubai test flights, and strong investor interest in electric air taxis.
Q2: When will Joby Aviation launch its air taxi service?
Joby aims to begin air taxi operations in Dubai by early 2026, followed by U.S. cities like NYC and LA.
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