Based on today’s news (June 9, 2025), Joby Aviation has experienced significant stock movement and business developments. Here’s the latest:
Joby Aviation’s stock jumped 10% in early trading today, extending gains from Friday, following President Trump’s executive order aimed at accelerating electric vertical takeoff and landing (eVTOL) technology development[2]. This executive order, signed on Friday, creates a pilot program to combat “unfair foreign competition” that poses national security risks according to the White House[2].
The order establishes initiatives to hasten the adoption of eVTOL technology, which Joby is utilizing for commercial air taxis[2]. It also allows for increased testing of “beyond visual line of sight” drone operations, meaning unmanned aircraft could be flown without direct visual supervision[2].
This positive stock movement follows other recent developments for Joby Aviation, including:
1. A memorandum of understanding with Abdul Latif Jameel to explore opportunities for electric aircraft in Saudi Arabia, announced on June 3, 2025[3][5].
2. Successful simultaneous flights of two aircraft, demonstrating accelerating operational capabilities and test program maturity vital for FAA certification, reported on May 14, 2025[5].
3. A partnership with Virgin Atlantic to develop a UK eVTOL air taxi network, though the timing of this announcement isn’t specified in the search results[4].
The stock movement today reflects growing investor confidence in Joby Aviation’s position in the emerging “low-altitude economy,” which Morgan Stanley recently estimated could eventually “vastly exceed the size of today’s automotive market”[2].