Is Uber and Joby Aviation's Collaboration Truly the Future of Flight?
2026-03-06 08:35:00 ET
Joby Aviation (NYSE: JOBY) is one of several companies working to build electric vertical-lift short-haul aircraft. It is an interesting concept, since these vehicles amount to air taxis.
The recent announcement that Joby is teaming up with Uber Technologies (NYSE: UBER) seems like a perfect combination, given that Uber provides an app that, effectively, allows you to quickly and easily hail a ride. Is this the future of flight?
Joby doesn't generate much revenue right now. However, it spends huge sums of money on research and development. That tracks, since it is trying to build a type of aircraft that doesn't really exist right now. There are other companies trying to do the same thing, but they are all basically still working to get their aircraft approved for commercial use.
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