Joby Aviation's Q2 2025: Unpacking Contradictions in Production Timelines and Market Strategies

Aircraft production and certification timeline, expansion plans and market strategy, Dubai service launch timeline, aircraft certification timeline, first commercial service in the U.S. are the key contradictions discussed in Joby Aviation's latest 2025Q2 earnings call.



Certification and Regulatory Progress:
- Joby Aviation reported that they are 70% complete on the Joby side and over 50% complete on the FAA side in Stage 4 of certification, a 10-point increase compared to last quarter.
- This progress is attributed to rigorous flight testing and close collaboration with the FAA, with the first aircraft for TIA flight testing moving to final assembly.

Strategic Acquisitions and Partnerships:
- Joby completed the acquisition of Blade's passenger business and secured agreements for aircraft with Abdul Latif Jameel and ANA.
- These acquisitions and partnerships are aimed at accelerating readiness for commercial eVTOL operations, expanding route maps, and leveraging operational expertise from Blade.

Defense and Dual-Use Opportunities:
- Joby is collaborating with L3Harris to develop a hybrid variant of its aircraft for defense applications, with flight tests expected to start this fall and operational demonstrations in early 2026.
- The defense market provides an opportunity to mature technology and feed back into commercial products, enhancing speed, range, and efficiency.

Production Capacity Expansion:
- Joby's Marina facility expansion is expected to double production capacity to 2 dozen aircraft per year, with plans to scale to 500 aircraft per year through a dual-site strategy.
- This expansion is crucial for meeting increasing demand and is supported by Toyota, the world's leading automaker, as a key partner.