Key Points
Air taxi company Joby Aviation (NYSE: JOBY) announced Friday that it will participate in the White House eVTOL (electric vertical takeoff and landing) Integration Pilot Program (eIPP) announced back in June, aiming to “demonstrate eVTOL use cases, such as passenger transportation, cargo delivery, and emergency response, ahead of achieving type certification.”
Joby stock soared 5.7% through 10:10 a.m. ET Friday in response to the news.
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President Trump loves to fly
The eIPP in question was itself announced by executive order in June, with the White House promising to “create a pilot program testing flying cars, also known as electric vertical take-off and landing (eVTOL) aircraft.” Joby notes that this program “directs the Department of Transportation (DOT) and Federal Aviation Administration (FAA) to ensure that mature eVTOL (electric vertical take off and landing) aircraft can begin operations in select markets ahead of full FAA certification,” which could potentially give the company a revenue boost, and sooner than if full certification were required before operations begin.
Joby argues it has a leading position in this race because it “has the most mature eVTOL aircraft in the sector,” which has flown 600 times in 2025 alone, and it has amassed a total of more than 40,000 miles of flight across its fleet. Moreover, the company is already in stage four (out of five) in the FAA Type Certification process and expects to begin test flights with FAA pilots aboard next year.
Is Joby stock a buy?
Now, don’t get too excited. Even if Joby is in the lead here, this race is a marathon, not a sprint, and profits remain a long way off. Analysts who follow Joby don’t expect it to report its first profit until 2031.
Until Joby turns profitable, the stock remains speculative.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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