What Happened
Urban Air Mobility Leader Faces Investor Skepticism Over Funding and Certification
Joby Aviation shares have declined 18.7% over the past 30 days, driven by concerns about dilution and cash burn. The company’s $500 million defense acquisition and $750 million at-the-market equity program have renewed investor worries. Despite operational milestones, including the first fully autonomous cross-country flight, negative sentiment persists. Joby Aviation is in the final stage of FAA type certification and aims to start an aerial ridesharing service in the US. This development was reported by Unknown Source.