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Technology Stocks : Drones, Autonomous Vehicles and Flying Cars
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From: sunabeach8/15/2025 8:45:32 AM
   of 3610
 
Shares of Joby Aviation (NYSE: JOBY) raced higher in Friday’s premarket trading after the company announced it had successfully completed a test flight between two airports within FAA-controlled airspace.

This achievement is considered a major advance to the company’s commercial marketreadiness and its efforts to gain FAA certification as a passenger air taxi.

The aircraft flew between airports at Marina and Monterey, California for a total flight time of 12 minutes over 10 nautical miles, including 5 minutes in a holding pattern above Monterey airport as it interacted with other
aircraft. This marks the first time a piloted electric vertical takeoff and landing ((eVTOL)) air taxi has flown from one public airport to another and also demonstrated Joby’s (NYSE: JOBY) ability to conduct multiple test flights and deliver full ground support remotely.

The successful test flight between the two airports adds to Joby Aviation’s (NYSE: JOBY) recent achievements, including a successful test flight in Dubai, partnership with L3Harris to develop military applications for VTOL aircraft, Blade Air Mobility acquisition,
and planned expansion of its California facility to double production. As a result, Joby ( JOBY) shares have gained 250% from last year and 121% in the last 6 months alone versus a 6% gain in the S&P 500.

Shares are up 10%ahead of Friday’s open.

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