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Joby Aviation Stock Loses 70% In One Year

October 17, 2026

2 min read

Key Takeaways

Joby Aviation stock has lost around 70% over the past year.
The company has $2.3 billion in cash and short-term investments.
Joby targets carrying its first passengers in 2026.
The company lost $878 million over the past twelve months.

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Strategic Implications

Joby Aviation's significant stock decline may indicate investor concerns about the company's ability to achieve its air taxi goals, which could impact its competitive position in the urban air mobility market. The company's cash reserves suggest it has time to address these challenges, but the outcome is uncertain.

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What Happened

Air Taxi Developer Faces Funding Concerns Amid Steep Stock Decline

Joby Aviation’s stock has plummeted 70% over the past year, sparking concerns about the company’s future in the air taxi market. Despite having $2.3 billion in cash and short-term investments, Joby faces significant challenges in achieving its goal of carrying its first passengers in 2026. The company’s revenue forecast has been raised, but its operating loss remains a concern. According to Trefis, Joby’s stock decline may be a sign of investor skepticism about the company’s ability to turn its air taxi vision into reality.

Source | Originally Published: October 16, 2026

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