Joby Makes A Move
Flying taxis are here in 2025 and not going away.
This has the potential to remake the transportation tech industry in ways you have never seen.
There are a lot of moving parts, so it isn’t certain they will wipe out this company or that company.
Joby Aviation is marching toward launching its electric vertical takeoff and landing (eVTOL) air taxi service, potentially as early as late 2025, marking a significant step in the evolution of urban air mobility (UAM).
They also added a nice piece today with the announcement that JOBY has agreed to buy Blade Air Mobility’s helicopter rideshare business for as much as $125 million.
The stock is up over 20% in today’s trading, and I recommended this hot stock at $9 per share.
When you stayed tuned to my trading recommendations, you can hit 2-baggers within days, like this trade recommendation with JOBY.
The deal with Blade gives Joby instant access to a network of 12 terminals in key markets like New York City — notably, a dedicated lounge as well as terminal bases at John F. Kennedy International Airport, Newark Liberty Airport, the West Side of Manhattan, the East Side of Manhattan, and Wall Street.
Blade, founded in 2014, doesn’t own a fleet of aircraft. Instead, the company has developed a digital network that allows passengers to book private rides on helicopters across several short-hop routes. T
While Joby’s air taxi service aligns closely with Uber’s ridesharing model and has direct ties to its platform, it also intersects with Tesla’s ambitions in autonomous transportation and sustainable mobility.
In 2020, Uber sold its air taxi division, Uber Elevate, to Joby and invested a total of $125 million in the company, integrating their services to enable seamless booking of air taxi rides through Uber’s app. Joby’s eVTOL service aligns with Uber’s vision of multimodal transportation, where users can combine ground and air travel for efficient urban mobility.
Joby’s service could enhance Uber’s business model by adding a premium offering, initially priced comparably to Uber Black (around $142–$170 for a trip like Manhattan to JFK). This could attract high-value customers, such as business travelers, willing to pay for time savings—Joby claims a seven-minute flight from Manhattan to JFK versus 30–60 minutes by car.
In the future, licensing Tesla’s full self-driving technology could become costly for companies like Uber, and they won’t have much control over the pricing.
Joby’s eVTOL service could be a way to increase margins that target higher net worth transportation. There is incredible value in a service like this in highly congested cities like Tokyo, London, and Hong Kong.
If Tesla’s robotaxis achieve widespread deployment before Joby scales, they could capture market share in urban mobility, particularly for cost-conscious consumers. Conversely, Joby’s ability to bypass traffic congestion with short airport transfers could appeal to time-sensitive customers, potentially outpacing Tesla’s ground-based solutions.
Remember that air infrastructure hasn’t been built yet, and Tesla has a massive head start in its charging stations, and most people keep their EVs in their garages.
Either way, transportation is about to change in ways we could have never imagined, and transport stocks will sink or swim.
I am bullish JOBY in the short-term, and readers should ride this momentum.
