Why Joby Aviation Stock Is Soaring Today

Shares of Joby Aviation (NYSE: JOBY) are rising on Monday, up 11.6% as of 3:41 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were up 0.4% and 0.5%, respectively.

Joby, which develops electric vertical-takeoff-and-landing (eVTOL) aircraft, announced that it had completed a series of important test flights in Dubai.

Joby is taking off in Dubai

On Monday, Joby announced that it had completed a series of wingborne flights with its eVTOL airtaxi in Dubai. The flights are a first in the United Arab Emirates and mark an important milestone in the company's quest to bring an eVTOL airtaxi service to the country.

The flights were conducted in collaboration with Dubai's Roads and Transport Authority, the Dubai Civil Aviation Authority, and the U.A.E's General Civil Aviation Authority, following a 2024 agreement granting Joby exclusive air taxi operating rights in Dubai for six years. Joby expects commercial operations to commence in 2026.

Image source: Getty Images.

Joby is headed for launch next year

Joby looks to be the clear leader at the moment in the eVTOL space. The company appears on track to launch commercial operations by next year. Its success will depend on sticking to that timeline.

It has a solid balance sheet that gives it plenty of room to breathe as it transitions from pre-revenue to a commercial launch. However, even if it sticks to its timeline, the company will likely need to raise a significant amount of cash as it ramps up production. Investors should be aware of the risk of dilution.

Should you invest $1,000 in Joby Aviation right now?

Before you buy stock in Joby Aviation, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Joby Aviation wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $966,931!*

Now, it’s worth noting Stock Advisor’s total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 30, 2025

Johnny Rice 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.