Flying taxi stocks soar after the White House announced an eVTOL pilot program
Jun. 06, 2025 3:49 PM ET
By: Clark Schultz, SA News Editor
The eVTOL sector saw a late Friday jolt after the White House disclosed that President Trump signed an executive action establishing an electric "Vertical Takeoff and Landing" integration pilot program. The order selected at least five pilot projects to advance eVTOL applications like cargo transport and medical response.
Joby Aviation (NYSE: JOBY) was up 6.9% and Archer Aviation (NYSE: ACHR) rallied 6.4%. Blade Air Mobility (NASDAQ: BLDE) jumped 7.4%, while Eve Holding (NYSE: EVEX) rose 2.0% and Vertical Aerospace Ltd. (NYSE: EVTL) soared 12.4%. Surf Air Mobility (NYSE: SRFM), which is expanding into the eVTOL industry, was up 1.8%.
Earlier in the week, Archer Aviation (NYSE: ACHR) showcased piloted flight operations of its Midnight eVTOL aircraft, continuing its certification and commercialization efforts in both the U.S. and UAE. Joby Aviation (NYSE: JOBY) entered an agreement with Abdul Latif Jameel to distribute up to 200 of its four-passenger eVTOL aircraft in Saudi Arabia. Blade Air (NASDAQ: BLDE) and Skyports announced a pilot program to expand helicopter and future eVTOL transfer services in New York City. |
