Key Stats for Joby Aviation Stock
- YTD Price Change for Joby Aviation stock: 75%
- $JOBY Share Price as of Dec. 24: $14.27
- 52-Week High: $20.95
- $JOBY Stock Price Target: $12.14
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What Happened?
Joby Aviation (JOBY) stock is up 75% in 2025 and is one of the biggest winners in the electric vertical takeoff and landing (eVTOL) space.
JOBY stock also surged following the company’s third-quarter earnings call, where management announced a significant milestone—the start of power-on testing for its first Type Inspection Authorization (TIA) aircraft.
This marks the final stage of FAA certification and represents over a decade of work with federal regulators.
CEO JoeBen Bevirt called entering TIA “one of the most important milestones in Joby’s history,” explaining that it demonstrates the company’s certification strategy, stable aircraft design, and manufacturing capabilities have all come together.
Joby is building five TIA aircraft total, with all five currently in production at its Marina, California, facility.
The YTD gains reflect several catalysts converging at once: expanding U.S. manufacturing, new government partnerships through the White House eIPP program, and growing international deals in Dubai, Japan, and Saudi Arabia.
Last month, Joby doubled its U.S. manufacturing capacity to support production of four aircraft per month by 2027.
Joby completed expansion at its Marina facility in July and started producing propeller blades at its new Dayton, Ohio, plant in October—working closely with strategic partner Toyota to scale operations.
The White House eVTOL Integration Pilot Program (eIPP), announced in September, could significantly accelerate demand.
The program allows mature eVTOL aircraft to begin commercial operations in select U.S. markets before full FAA certification. Joby expects to participate starting mid-2026, leveraging its TIA-ready aircraft and operational experience from its Blade acquisition.
Management highlighted strong momentum internationally. In Dubai, Joby received approval from aviation authorities to conduct daily demonstration flights at the Dubai Airshow and expects to launch passenger operations in 2026—ahead of FAA certification.
The company also signed deals in Saudi Arabia (potentially 200 aircraft worth $1 billion), Japan (a partnership with ANA), and the U.A.E. (an air taxi service in Ras Al Khaimah by 2027).
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What the Market Is Telling Us About Joby Aviation Stock
The market is responding positively to Joby’s progress from prototype to near-commercial operation. Unlike competitors still stuck in early testing, JOBY stock reflects investor confidence that the company can actually deliver working air taxis at scale.
Wall Street analysts remain bullish on the company’s growth prospects. The combination of government support through eIPP, international partnerships generating revenue ahead of U.S. certification, and expanding manufacturing capacity addresses previous concerns about commercialization timelines.
The company reported a Q3 net loss of $401 million (though $262 million was noncash charges), and cash burn remains elevated at $147 million for the quarter.
Management guided to $500-540 million in cash use for the full year 2025. The recent equity raise brought in $576 million after quarter-end, strengthening the balance sheet to $1.55 billion in total cash.
The ongoing government shutdown is creating uncertainty about FAA testing timelines, though management noted that FAA personnel have continued working with Joby despite the shutdown.
CEO Bevirt emphasized gratitude for regulators “showing up without getting paid” to keep certification progress on track.
For long-term investors, JOBY stock represents a bet on the company executing its multi-year roadmap: TIA flight testing in late 2025, FAA pilot testing in 2026, international operations in Dubai and through eIPP in 2026, and full FAA certification potentially in 2027.
With manufacturing ramping and demand accelerating faster than expected, Joby appears positioned to lead the emerging air taxi industry—though significant execution risk remains.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
