The stock rallied 15.3% following the quarter as investors responded positively to Joby Aviation’s clear progress on regulatory engagements, infrastructure partnerships, and scaled production efficiencies, signaling advancing maturity and execution momentum well ahead of FAA certification.

• Joby secured participation in the White House-backed eVTOL Integration Pilot Program (eIPP) across 11 states, enabling accelerated market entry before FAA certification.
• Demonstrated operational capabilities with FAA conforming aircraft flights in complex airspaces, including inaugural eVTOL flights linking JFK and Manhattan heliports.
• Infrastructure developments advanced globally, highlighted by partnerships for vertiports in New York, LA, San Jose, and a commercial vertiport in Dubai, reflecting expanding customer access points.
• Production scale-up continues with a 2.5x increase in composite parts output year-over-year and introduction of a third shift, indicating strengthening manufacturing capacity and quality improvements.
• Toyota’s production system principles are being integrated to optimize factory-floor efficiency and collaboration, supporting sustainable ramp-up ahead.