Joby Aviation shares jump, last up 7.8%; White House says Trump signs executive order to bolster U.S. airspace security against potential threats from drones

Joby Aviation shares jump, last up 7.8%; White House says Trump signs executive order to bolster U.S. airspace security against potential threats from drones

Joby Aviation, Inc. (JOBY) saw its shares rise by 7.8% today, reaching $5.07, following a significant announcement of a potential deal with Saudi Arabia's Abdul Latif Jameel and the signing of an executive order by the White House to bolster U.S. airspace security against potential threats from drones.

The potential deal with Abdul Latif Jameel, a diversified business network, could see Joby supplying up to 200 electric aircraft valued at approximately $1 billion over the coming year. This agreement, while non-binding, represents a significant strategic partnership for Joby, which is nearing FAA certification for its electric air taxis [1].

The White House's executive order, signed by President Trump, aims to enhance the security of U.S. airspace by addressing the growing threat posed by drones. The order outlines measures to improve detection, tracking, and response capabilities to mitigate the risks associated with unmanned aerial vehicles [2].

Investors have been optimistic about Joby's progress in the eVTOL sector, with the company making significant strides in certification and manufacturing capabilities. Despite ongoing losses and no current revenues, Joby's stock has shown resilience, driven by strategic partnerships and advancements in its technology [3].

The recent $250 million investment from Toyota has further bolstered Joby's financial position and manufacturing capabilities, positioning it as a strong contender in the electric air taxi market [4].

The combination of these developments has led to a positive sentiment among investors, with JOBY shares rising significantly in response to both the Saudi investment and the White House's executive order.

References:
[1] https://stockanalysis.com/stocks/joby/
[2] https://www.barchart.com/stocks/quotes/JOBY
[3] https://seekingalpha.com/article/444446-joby-aviation-stock-job
[4] https://www.bloomberg.com/news/articles/2025-06-07/joby-aviation-shares-pop-on-saudi-investment