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Joby Aviation: Strategic Cash Raise

Update - June 15, 2023

Joby has nearly doubled now since a strategic capital raise in early May. The stock market has become more bullish on former SPACs, but the capital raise helped provide more confidence in the company making it to eVTOL production. Even at $8 now, Joby is likely cheap considering the SPAC deal was completed years ago at $10. 

Finviz Chart

Original article posted on May 5. 

  • Joby Aviation completed a stock offering to raise another $180 million, with the stock trading at $4.
  • The eVTOL manufacturer recently expanded a deal with the DoD, which includes the delivery of 2 aircraft to the U.S. Air Force in early 2024.
  • Joby Aviation stock is cheap, trading at all-time lows, while the company remains on target for aircraft certification and production launch in the next year.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 

As Joby Aviation, Inc. (NYSE:JOBY) quickly moves towards launching production of electric vertical takeoff and landing (eVTOL) aircraft, the company completed a strategic public offering to solidify their financial position. Joby Aviation is closer to production launch of

Read the full article on Seeking Alpha. 

Disclosure: No position discussed. Please review the disclaimer page for more details. 


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