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News: Joby Aviation Goes Public; 2BN IPO

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  1. Joby Aviation Lists On NYSE; Goes Public
    The former private enterprise Joby Aviation is now a publicly trading company as of today. It is now trading on the New York Stock Exchange as 'JOBY'. The company recently merged with Reinvent Technology Partners and this unlocked an estimated 2 billion dollars of capital. The money from the merger and the initial public offering (IPO) will go a long way to see the Joby eVTOL through FAA certification. This should cover the projected 1.4 billion needed to cover the remainder of this process and see the eVTOL to service entry around 2024.
  2. The Joby eVTOL is a 150 mile range all electric aircraft that can carry four passengers and be flown by a single pilot. "By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life," said Joby founder and CEO JoeBen Bevirt. "This is our generation's moonshot moment, and at Joby we're proud to be leaning in." The Joby eVTOL still does not have an actual model name.

    For more information:

    Joby Aviation
    340 Woodpecker Ridge,
    Santa Cruz, CA 95060,
    United States
    www.jobyaviation.com

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