Over the last year, Joby Aviation’s stock has risen more than 170%, providing significant returns to shareholders despite broader financial challenges. The share price began climbing in July 2025 from around $7–$8 to $10.55 and peaked at $20.39 in August—its highest valuation so far. Financial analysts note that while Joby currently generates no revenue, investor confidence remains strong regarding its future prospects.

In comparison, Archer Aviation’s shares have gained about 65% over the past six months and are now trading at $11.97.

Joby has completed Stage 3 of the Federal Aviation Administration’s (FAA) five-stage type certification process and is about 70% through Stage 4. Only Stage 5 remains before final approval can be granted. In August 2025, Joby began final assembly of its first conforming aircraft for Type Inspection Authorization flight tests; this aircraft will undergo a series of evaluations—including bench, ground, environmental, and lightning tests—to ensure compliance with FAA standards.

The company’s all-electric S4 eVTOL is designed to carry four passengers at speeds up to 200 mph (322 km/h) for distances up to 150 miles (241 km) per charge depending on weight—sufficient for most urban routes in cities like New York and Los Angeles.

Looking ahead, Joby intends to expand internationally by launching passenger air taxi services in Ras Al Khaimah by 2027 and preparing for operations in Dubai next year. The company recently showcased its aircraft at Expo 2025 in Osaka through collaboration with ANA Holdings and completed its first piloted flight in FAA-controlled airspace between two California airports—a journey covering ten nautical miles between Marina Municipal Airport (OAR) and Monterey Regional Airport (MRY).