What Happened
Electric Vertical Takeoff Aircraft Maker Pursues Trillion Dollar Market
Joby Aviation is pursuing a potentially enormous new transportation industry with its electric vertical takeoff and landing (eVTOL) aircraft, which could revolutionize urban air mobility. The company has made notable progress in FAA certification and recently acquired Resonant Sciences, a defense technology company, to diversify its growth paths. With analysts estimating a $9 trillion market opportunity by 2050, Joby Aviation’s stock remains a high-risk, high-reward speculative play, as reported by The Motley Fool.