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Joby Aviation: Wait For A Cooling Off Period

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  • Joby Aviation raised substantial capital in Q4, boosting its cash access to $1.4 billion, and is progressing towards FAA certification and international expansion.
  • The company is constructing facilities in Ohio and Dubai, with plans for a 4-vertiport network in Dubai, aiming for a 2025 launch.
  • Investors should be cautious, as any FAA certification delays could impact the stock; consider holding additional capital for potential cheaper entry points.
Joby Aviation, Inc. (NYSE:JOBY) has just flown since completing an underwriting for additional capital in late October. The air taxi space and the general market for speculative stocks have soared in the last few months. My investment thesis is more Neutral on the stock due to the market valuation after more than a double for Joby Aviation in the last few months, while the business still faces some large regulatory hurdles and startup risks.


Read the full article on Seeking Alpha. 

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

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