2024-05-27 18:54:54 ET
Summary
- Joby is developing its own electric vertical take-off and landing ("eVTOL") aircraft for commercialization through OEM sales and a urban air mobility ("UAM") service.
- The UAM market is expected to grow rapidly due to traffic congestion and the advantages of eVTOL aircraft.
- Joby is probably the best positioned company at this stage, both in terms of aircraft design and the maturity of its certification and testing program.
- There remain many questions about UAM though and Joby's valuation already prices in substantial success.
Joby ( JOBY ) is developing its own eVTOL (electric Vertical Takeoff and Landing) aircraft, which will be commercialized through both OEM sales and a UAM (Urban Air Mobility) service. The introduction of eVTOL aircraft is expected to drive enormous growth in the UAM market and Joby appears to be one of the leaders at this point in time. While this presents a large opportunity, there are also significant risks, both company specific (technology, regulatory) and market (demand, infrastructure)....
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For further details see:
Joby: Leader In A Market With Unknown Demand