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AerospacePublicSanta Cruz, CAVerified

Joby Aviation

Vertically integrated electric air taxis moving from certification into early operations

AerospaceAutomotiveDefense
What they build

The product

Joby designs and manufactures an all-electric VTOL aircraft, propulsion and flight-control systems, and an air-taxi network. It also operates Blade passenger services and develops autonomy for commercial freight, emergency response, and defense logistics, including the J208 autonomous Cessna Caravan demonstrator, alongside turbine-electric and hydrogen-electric aircraft work.

Why it matters

The thesis

Joby is attempting to establish a new U.S. aircraft-manufacturing and passenger-transport category. Its California and Ohio production, certification work, operating network, and defense programs make it one of the most industrially mature U.S. eVTOL efforts.

Operating model

How it runs

Vertically integrated aircraft design, certification, manufacturing, and operations. Joby plans both to operate passenger service and sell aircraft, using Blade's network and production in Marina and Dayton.

Revenue model

How it earns

Current revenue is led by Blade passenger services; planned sources include air-taxi fares, aircraft sales, and defense programs. Q2 2026 Blade revenue was $36.2 million and 2026 company revenue guidance was $115 million to $125 million.

Strategic edge

Why it wins

Vertical integration across aircraft, propulsion, software, certification, production, and operations; a Toyota manufacturing alliance; a conforming-aircraft TIA fleet; substantial liquidity; Blade's passenger network; and flight-proven autonomy that completed a 3,199-mile U.S. crossing with no control inputs from the onboard safety pilot under remote supervision.

Source material

Evidence ledger

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