What Happened
Flying Taxi Pioneer Makes Progress Toward Certification
Joby Aviation has made significant progress in the fifth and final stage of the FAA type certification process for its S4 electric vertical takeoff and landing aircraft. The company is also working with Toyota to address manufacturing challenges, which could be a major hurdle in commercializing its air taxi service. With urban air mobility potentially representing a trillion-dollar opportunity, Joby’s progress positions it as a speculative play in this emerging market, as reported by The Motley Fool.