Industrial Stocks: Two Top Picks for 2025

Joby Aviation has been a top-performing industrial stock in 2025, with a 75% year-to-date gain. As a pioneer in the electric vertical take-off and landing (eVTOL) industry, it has a total addressable market of $9 trillion by 2050. However, the company is currently not making significant revenue and incurred a net loss of $325 million in the last quarter. Despite this, Joby is making progress, including successfully flying an eVTOL craft between two US public airports in California.

Joby Aviation, Inc. (NYSE: JOBY) has made significant strides in its autonomous flight technology, completing a landmark US defense exercise. The company's Superpilot autonomous flight technology was successfully demonstrated during the Resolute Force Pacific (REFORPAC) exercise, led by Pacific Air Forces (PACAF) [1]. The exercise logged over 7,000 miles of autonomous operations and 40 flight hours, showcasing the dual-use potential of Joby's technology.

The demonstration validated the ability of a light cargo aircraft equipped with Superpilot to efficiently support low-volume, high-urgency, and high-risk deliveries in large operational theaters. This capability frees up larger, more costly aircraft for other missions, addressing a significant challenge faced by the US Air Force [1]. The exercise generated mission-critical data that will inform next-generation US defense capabilities and Joby's integration of autonomous capabilities into its commercial air taxi platform [1].

Joby Aviation's acquisition of the autonomy division of Xwing, Inc. in June 2024, including Superpilot, has accelerated the development of autonomous flight technology in both defense and commercial applications [1]. The company's success in the defense exercise positions Joby to compete for upcoming Department of Defense programs and highlights its leadership in the commercial eVTOL market.

Despite the company's progress, Joby Aviation is still not generating significant revenue and incurred a net loss of $325 million in the last quarter. However, the company's total addressable market is projected to reach $9 trillion by 2050, with a strong focus on commercial air taxi operations set to commence in 2026 [2]. The recent demonstration of Superpilot technology in the defense exercise underscores Joby's commitment to advancing its autonomous flight capabilities and positioning itself as a leader in the eVTOL industry.

References:
[1] https://www.marketscreener.com/news/joby-aviation-inc-completes-u-s-defense-exercise-with-autonomous-flight-technology-ce7d59dbd889f726
[2] https://www.nasdaq.com/articles/has-joby-aviations-stock-already-peaked