Joby Aviation’s eVTOL Milestone Surges to 198th in $510M Volume as Shares Dip 0.88%

On August 20, 2025, Joby Aviation (JOBY) closed with a 0.88% decline, trading at a volume of $510 million—a 37.81% increase from the prior day, ranking it 198th in market activity. The stock’s performance coincided with a key operational milestone: the company completed its first piloted eVTOL flight between Marina and Monterey airports in FAA-controlled airspace. This marked the first time a crewed electric air taxi operated between two U.S. public airports, demonstrating integration into existing air traffic systems and validating operational protocols.

The 12-minute flight over 10 nautical miles included vertical takeoff, transition to wingborne flight, and controlled landing. The test highlighted Joby’s expanded Marina facility, a 220,000-square-foot production site boosting annual output to 24 aircraft. The site also supports FAA certification processes, pilot training, and maintenance, underscoring the company’s readiness for commercial deployment. CEO Didier Papadopoulos emphasized the test’s role in verifying aircraft performance for future services in Los Angeles and New York City.

Joby recently began final assembly of its first aircraft for FAA Type Inspection Authorisation testing, a critical step toward certification. With plans to initiate FAA pilot-led flight tests in early 2026, the company aims to solidify its position in the emerging urban air mobility sector. The successful flight reinforced investor focus on regulatory progress and production scalability, though the stock’s intraday volatility reflected broader market uncertainty.

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