Joby Powers Up eVTOL Program with $2B IPO | Aviation International News

Joby Powers Up eVTOL Program with $2B IPO

Joby Aviation today became the first U.S.-based eVTOL developer to go public with a flotation on the New York Stock Exchange.

Joby eVTOL aircraft — Joby's eVTOL aircraft will carry a pilot and four passengers on flights of up to around 87 nm. © Joby Aviation

By Charles Alcock • Managing Editor

August 11, 2021

Joby Aviation today became the first U.S.-based eVTOL developer to go public with a flotation on the New York Stock Exchange (NYSE), trading under the symbol JOBY. This follows an extraordinary general meeting days ago that approved the California-based startup’s merger with special purpose acquisition company Reinvent Technology Partners. According to Joby, the transaction values the business at $4.5 billion.

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