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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.

Loar Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Loar Q2 Earnings Call Highlights

Loar (NYSE:LOAR) reported record second-quarter sales, adjusted EBITDA and adjusted EBITDA margin, while raising its full-year 2026 outlook as commercial aerospace demand and organic business wins supported growth. Chief Executive Officer and Executive Co-Chairman Dirkson Charles said the quarter m

Joby Aviation Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Joby Aviation Q2 Earnings Call Highlights

Joby Aviation (NYSE:JOBY) said it plans to begin its first flights under the federal electric vertical takeoff and landing integration pilot program, or eIPP, in Texas next month, as the company prepares for commercial passenger operations and expands manufacturing and infrastructure efforts. Found

Journal-News, Hamilton, Ohio6d agoneutral
Thomas Gnau: Joby reports stronger quarter, shrinking net loss, generating Blade business revenue

Joby Aviation Inc., which has long-term plans to make electric flying taxis in Dayton and Vandalia, reported stronger quarterly performance, saying its Blade helicopter service business generated $36.2 million in the second quarter of 2026. Still, the company saw a net loss of $245 million. Joby says its electric aircraft is in the fifth and final stage of Federal Aviation Administration ...

Dayton Daily News, Ohio6d agoneutral
Joby reports stronger quarter, shrinking net loss, generating Blade business revenue

Joby Aviation Inc., which has long-term plans to make electric flying taxis in Dayton and Vandalia, reported stronger quarterly performance, saying its Blade helicopter service business generated $36.2 million in the second quarter of 2026. Still, the company saw a net loss of $245 million. Joby says its electric aircraft is in the fifth and final stage of Federal Aviation Administration ...

Joby, Toyota form electric air taxi joint venture
Manufacturing Dive42d agoneutral
Joby, Toyota form electric air taxi joint venture

The new entity is part of the companies’ strategic alliance that has been in the works since 2024, which aims to support the certification and commercial production of Joby’s eVTOL aircraft.

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

Joby Aviation Q1 Earnings Call Highlights
MarketBeat94d agoneutral
Joby Aviation Q1 Earnings Call Highlights

Joby Aviation (NYSE:JOBY) reported what executives described as another quarter of progress toward commercial electric air taxi operations, highlighting new U.S. demonstration opportunities, certification milestones, manufacturing expansion and a stronger cash position following recent capital raise

Joby Aviation (JOBY) Q1 2026 Earnings Transcript
Motley Fool98d agoneutral
Joby Aviation (JOBY) Q1 2026 Earnings Transcript

Need a quote from a Motley Fool analyst? JoeBen Bevirt: Thank you, Teresa, and thank you, everyone, for joining us today. Perhaps the biggest news of the quarter was the selection of states that will participate in the White House-backed eIPP program.