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Air taxi firm Joby acquires defense tech company for $500 million
Reuters1d agoneutral
Air taxi firm Joby acquires defense tech company for $500 million

Joby Aviation said on Tuesday it would buy defense technology ‌company Resonant Sciences for about $500 million, as ‌it looks to scale its business in a growing ​defense market. Electric vertical take-off and landing aircraft (eVTOL) companies are focusing more on the military market amid ramped-up defense spending driven by wars in ‌Ukraine and the ⁠Middle East. Here are some more details: • Shares of Santa Cruz, California-based Joby ⁠fell 6.5% in premarket trading.

Joby Aviation (JOBY) Stock Stays Rich Following Fresh Vertiport Network News
Simply Wall St.4d agoneutral
Joby Aviation (JOBY) Stock Stays Rich Following Fresh Vertiport Network News

Joby Aviation stock has fallen 48.1% over the past year, yet current checks still suggest the shares are not obviously cheap based on the usual valuation benchmarks. Recent news around vertiport partnerships, manufacturing progress and certification milestones is keeping the story in focus, but the price still screens on the expensive side. Over the past 12 months, Joby Aviation has declined 48.1%, which puts recent short-term gains into the context of a longer period of weak returns for...

Joby Aviation (JOBY) Partners With Atoms To Build Vertiport Sites In The US
Simply Wall St.7d agoneutral
Joby Aviation (JOBY) Partners With Atoms To Build Vertiport Sites In The US

Joby Aviation (NYSE:JOBY) has partnered with Atoms to develop vertiport sites in the U.S. for electric vertical takeoff and landing, or eVTOL, operations. The collaboration targets key markets that are part of the White House backed eVTOL Integration Pilot Program. The agreement focuses on turning selected locations into next generation transportation hubs to support future urban air mobility services. Joby Aviation is working to bring eVTOL air taxi services to market, and this new...

Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year
24/7 Wall St.47d agoneutral
Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

The ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year