Joby Aviation Inc (NYSE: JOBY) climbed roughly 10% on Wednesday after doubling down on its collaboration with the San Francisco-headquartered mobility giant Uber Technologies Inc (NYSE: UBER).
The extended partnership will bring JOBY’s newly acquired Blade air-taxi network to the UBER app – laying groundwork for future deployment of its electric vertical takeoff and landing (eVTOL) aircraft.
UBER-JOBY team up is aimed at making quiet, zero-emission aerial rides available in major cities, starting with Blade’s existing helicopter routes.
While Uber stock dipped slightly, investors appeared encouraged by the air taxi firm’s expanding commercial roadmap. Including today’s gain, JOBY stock is up nearly 170% versus its YTD low.
Significance of Uber partnership for Joby stock
Uber partnership offers Joby a ready-made distribution channel and brand credibility as it prepares to launch its eVTOL service in 2026.
By absorbing Blade’s passenger business and integrating it into Uber’s platform, Joby gains access to a network of urban terminals and a customer base already familiar with aerial mobility.
Uber’s chief of operations Andrew Macdonald called the collaboration “the next generation of travel” in the press release, emphasizing shared goals around sustainability and urban efficiency.
For JOBY shares, this isn’t just a tech showcase – it’s a commercial bridge.
The announcement signals operational readiness and helps investors visualize real-world use cases, potentially accelerating adoption and easing regulatory hurdles.
Does valuation remain a concern for JOBY shares
While skeptics point to Joby stock’s lofty valuation and limited near-term revenue, that lens may be too narrow for a company pioneering an entirely new mode of transportation.
Joby isn’t just selling aircraft – it’s building infrastructure, regulatory pathways, and consumer behavior from the ground up. Uber integration and Blade acquisition signal real-world traction – not just theoretical promise.
For long-term investors, the upside lies in JOBY’s potential to dominate a future urban mobility market that barely exists today.
With projected revenue growing 40x between 2026 and 2030, early believers aren’t buying earnings – they’re buying category leadership.
In frontier tech, valuation often looks stretched – until it doesn’t. Joby’s story is still being written.
Should you invest in Joby Aviation today?
As a cautious investor with minimum risk tolerance, probably not. That’s what Wall Street analysts recommend as well.
The consensus rating on JOBY stock currently sits at “hold” only with the mean target of roughly $13, according to The Wall Street Journal, indicating potential “downside” of some 7% from here.
However, for an aggressive investor with a reasonable risk tolerance – the expanded partnership with UBER is a tangible step toward commercialising urban air mobility that warrants buying the stock.
All in all, Joby shares, for now, remain a high-conviction bet on the future of transportation, suitable only for investors willing to look beyond the near-term valuation concerns.
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