Latest news with #AbdulLatifJameel
Yahoo
11-06-2025
- Business
- Yahoo
Joby Aviation Stock (JOBY) Takes Flight Upon Donald Trump's Executive Order
On Friday, June 6th, President Trump signed an Executive Order to 'unleash American drone dominance,' which included directing the Transportation Department to develop an Electric Vertical Takeoff and Landing (eVTOL) program to accelerate eVTOL operations in the U.S. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Aside from confirming the specter of space-age technology making its way onto American streets, as foreshadowed by content creators for generations, leading electric aircraft manufacturer Joby Aviation (JOBY) stands well-positioned to capitalize fully on the evolving opportunity. The company has been making headlines with major partnership announcements and impressive funding rounds. After analyzing recent developments and financial performance, I am bullish on the space and Joby Aviation's potential. Joby Aviation is playing a leading role in the transformation of the aviation industry through the development of electric vertical takeoff and landing (eVTOL) aircraft. The global eVTOL market was valued at approximately $760 million in 2024 and is projected to grow significantly, reaching an estimated $17.34 billion by 2035. Beyond aircraft manufacturing, Joby is building a comprehensive ecosystem that includes pilot training initiatives and proprietary dispatch software. This vertically integrated approach may offer substantial competitive advantages if executed effectively. While the company operates in a competitive landscape with peers such as Archer Aviation (ACHR) and EHang (EH), strategic partnerships—including a manufacturing collaboration with Toyota and operational agreements with Delta Air Lines—enhance its credibility. Additionally, contracts with the U.S. Department of Defense further diversify potential revenue streams and support the broader validation of its technology across both commercial and government sectors. Joby has been on a notable run lately, with shares climbing over 22% in the past month, thanks to several major announcements that have investors excited. One of the most significant catalysts came in May when Toyota made a substantial $250 million investment in the company, becoming Joby's largest shareholder in the process. Toyota's involvement brings decades of production expertise and operational know-how that could prove invaluable as Joby scales from prototype to mass production. Following that, Joby signed a memorandum of understanding with Saudi Arabia's Abdul Latif Jameel to explore a potentially massive $1 billion distribution deal. If finalized, this could represent a significant international expansion opportunity, with up to 200 Joby aircraft potentially deployed across Saudi Arabia. Perhaps most importantly for long-term prospects, Joby has been making steady progress through the complex Federal Aviation Administration certification process. The company recently advanced to the final phase of FAA type certification. It became the first electric vertical takeoff and landing (eVTOL) company to conduct routine pilot-on-board transition flights. This regulatory progress is crucial because it directly impacts when Joby can begin commercial operations and start generating meaningful revenue. The recent White House directive may be enough to help get these birds airborne even sooner. Joby's first-quarter net loss narrowed to $82 million from $95 million in the prior year, and the company beat earnings expectations by $0.07 per share. While cash burn continues, the trajectory suggests management is making progress on cost control as the company approaches its commercial launch. Further, its robust balance sheet is a key selling point. The company ended the first quarter of 2025 with $813 million in cash and short-term investments. The recent Toyota investment, combined with an additional $500 million commitment from the automaker, significantly strengthens this position. This financial cushion is particularly important given that Joby is still in the pre-revenue phase of its development. The company is projecting a cash burn of $500 million to $540 million in 2025, highlighting the significant capital requirements of introducing an entirely new form of transportation to the market. The current war chest provides roughly 1.5 years of operational runway at current spending levels. Even better, Joby carries zero debt, giving it tremendous financial flexibility as it works toward commercialization. The market opportunity, while potentially massive, remains largely theoretical. Consumer acceptance of air taxi services remains unproven, and regulatory frameworks for urban air mobility are still evolving. Yet, analysts following the company remain cautiously optimistic. Joby Aviation is rated a Moderate Buy overall, based on the most recent recommendations of seven analysts. Their 12-month average price target for JOBY stock is $8.86, representing a 4% downside from current levels over the next 12 months. However, various analysts are likely to shift their positions towards a more bullish stance once the full impact of Donald Trump's executive order is assimilated by market participants. Cantor analyst Andres Sheppard remains optimistic, recently reiterating an Overweight rating for JOBY stock with a $9 price target. He notes the company's strong liquidity and strategic partnerships with Toyota, Delta Air Lines, and the Department of Defense, which position JOBY as a leading contender in commercializing eVTOL technology. H.C. Wainwright's Amit Dayal shares a similar positive outlook, particularly following Toyota's significant $250 million investment aimed at supporting Joby's development efforts. Dayal anticipates a pivotal year in 2025 for the eVTOL industry, with milestones expected in certifications and piloted flights. The expectation is for Joby to produce 25–30 eVTOL units by the end of next year, with substantial revenue growth projected, reaching over $1 billion by 2029. Dayal also maintains a Buy rating with a $9 price target. Joby Aviation is a compelling investment opportunity in an embryonic industry poised to commercialize urban air transportation. The promise of flying cars, envisioned by countless visionaries over the past 100 years, is now becoming a reality, albeit gradually. JOBY has secured impressive partnerships, maintains a strong balance sheet, and is making meaningful progress toward commercialization. The company is poised to transition from an ambitious startup to a commercial aviation company. Key milestones to watch include progress on FAA certification, formalization of the Saudi Arabia partnership, and updates on manufacturing scale-up. The future of flight is here, and I am pretty bullish on the eVTOL space and the current market leaders, such as Joby, who are making it a reality. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
Abdul Latif Jameel and Joby Agree to Explore Opportunities for Electric Aircraft in Saudi Arabia
Aim to enable fast, clean, quiet and affordable commercial passenger transportation in Saudi Arabia Potential delivery of up to 200 electric aircraft and related services valued at approximately $1 billion over coming years Grounded in Saudi Arabia's Vision 2030, new MOU to support socio-economic growth in the Kingdom SANTA CRUZ, Calif. & JEDDAH, Saudi Arabia, June 03, 2025--(BUSINESS WIRE)--Abdul Latif Jameel, an 80 year-old network of diversified businesses, and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding (MoU) to explore opportunities to establish a distribution agreement in Saudi Arabia for Joby's electric aircraft. This announcement builds upon the renewed economic partnership between the U.S. administration and the Saudi government towards shared innovation and transportation growth. Potential delivery of up to 200 Joby aircraft and related services valued at approximately $1 billion are expected by the businesses over the coming years. In the long-term, Abdul Latif Jameel and Joby also see potential revenue opportunities across the Middle East. Abdul Latif Jameel and Joby share complementary long-term visions to revolutionize the future of mobility through transportation services that are cleaner, safer, more efficient and more affordable, helping to improve passenger experiences while simultaneously protecting the planet. In addition, the Jameel family invested in Joby's Series C funding round, led by Toyota Motor Corporation in 2020. The direct sale of aircraft through businesses such as Abdul Latif Jameel form one pillar of Joby's commercialization strategy. Additionally, Joby will directly own and operate its aircraft and services in certain markets, like the United States, and partner for similar operations in other markets, such as Japan. "This collaboration is about bringing America's leadership in electric air mobility to the world," said JoeBen Bevirt, Founder and CEO of Joby Aviation. "Together with Abdul Latif Jameel, we're not just imagining a cleaner, safer, more efficient future—we're building it. And there is no better partner to help unlock the extraordinary opportunity for air travel in the region." Hassan Jameel, Vice Chairman, Saudi Arabia, Abdul Latif Jameel, stated: "Saudi Arabia is transitioning toward a new era of mobility - one that is on-demand, shared, connected, and sustainable. eVTOL is an exciting and important component of this. We are looking forward to collaborating with Joby to support the transformation of the Kingdom's mobility sector. This collaboration also comes as Abdul Latif Jameel Motors marks 70 years of distributing Toyota in Saudi Arabia — a strategic investor in Joby." Joby's collaboration with Abdul Latif Jameel will initially focus on Saudi Arabia, where Abdul Latif Jameel has an extensive presence, network and deep operational experience. The two businesses will work together to explore distribution and sales collaborations, the launch of local air taxi services, including the establishment of aftermarket services such as MRO (Maintenance, Repair, and Overhaul), and pilot training. Joby's piloted, all-electric aircraft is designed to carry four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions. The business plans to carry its first passengers in Dubai in 2026. Given the importance of mobility to Saudi Arabia's urban transformation, the collaboration aims to drive socio-economic growth in the Kingdom and create employment opportunities for Saudi nationals, in line with Vision 2030. About Abdul Latif Jameel Abdul Latif Jameel is a brand name associated with a portfolio of diversified independent businesses established by the Saudi Jameel family. Being internationally recognized for over 80 years, Abdul Latif Jameel shapes the future of the core sectors of the businesses: mobility, energy & water, financial services, investments and health, with a strong commitment to continuous investment in people, business, technology, and community. For more information, please visit About Joby Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit Important Notice: Copyright Notice & Disclaimer © Abdul Latif Jameel Co. Ltd. All rights reserved. The Abdul Latif Jameel name and the Abdul Latif Jameel logotype and pentagon-shaped graphics are trademarks or registered trademarks of Abdul Latif Jameel IPR Company Limited. The term "Abdul Latif Jameel" refers broadly to several distinct, separate, and independent legal entities. Abdul Latif Jameel is not itself a corporate entity, association or conglomerate run by an overarching parent company but merely refers to a network of distinct and wholly separate legal entities that are collectively referred to under the brand name 'Abdul Latif Jameel.' Abdul Latif Jameel is not a 'corporate group' as defined in Section 1161(5) of the UK Companies Act 2006, or 'conglomerate' as defined in Section 7, US Clayton Act 1964. Forward Looking Statements This document contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of Joby's aircraft, the growth of Joby's manufacturing capabilities, regulatory outlook, progress and timing, including Joby's expectation to carry its first passengers in Dubai in 2026; Joby's business plan, objectives, goals and market opportunity; plans for, and potential benefits of, strategic partnerships, including the potential sale of up to 200 aircraft and related services valued at approximately $1 billion under the proposed partnership with between Joby and Abdul Latif Jameel. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of Joby, the Abdul Latif Jameel entities or their respective managements. Forward-looking statements often can be identified by the use of words such as 'expect', 'project', 'anticipate', 'plan', 'estimate', 'believe', 'predict', 'intend', 'potential', 'possible', 'probable', 'likely', 'forecast', 'guidance', 'outlook', 'goal', 'target', 'may', 'will', 'should' or 'could' or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking. Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of Joby and Abdul Latif Jameel entities. These risks and uncertainties include Joby's ability to launch its air taxi service and the growth of the urban air mobility market generally; its ability to produce aircraft that meet its performance expectations in the volumes and on the timelines that it projects; complexities related to obtaining certification and operating in foreign markets; Joby's ability to negotiate definitive agreements related to the partnership with Abdul Latif Jameel; the competitive environment in which Joby operates; its future capital needs; its ability to adequately protect and enforce its intellectual property rights; uncertainties related to estimates of the size of the market for Joby aircraft and services; and other important factors discussed in the section titled "Risk Factors" in Joby's Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 27, 2025, its Quarterly Report on Form 10-Q filed with the SEC on May 8, 2025, and in future filings and other reports Joby files with or furnishes to the SEC. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and neither Joby nor Abdul Latif Jameel assume, and each hereby disclaims, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements made by Joby, Abdul Latif Jameel, or by any person on behalf of any of them, whether communicated in writing, electronically or orally, are qualified in their entirety by the foregoing cautionary statements. No Offer or Solicitation This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom. View source version on Contacts Investors: investors@ Media: Charles Stewartpress@ Abdul Latif Jameelmedia@ Sign in to access your portfolio
Yahoo
09-06-2025
- Business
- Yahoo
Why Joby Aviation Stock Is Climbing Today
June 3 - Joby Aviation (NYSE:JOBY) shares surged more than 10% Tuesday morning after the company signed a memorandum of understanding with Abdul Latif Jameel to explore a potential distribution agreement in Saudi Arabia for its electric aircraft. Warning! GuruFocus has detected 2 Warning Signs with JOBY. The deal is aligned with broader efforts between the U.S. and Saudi Arabia to strengthen ties in advanced transportation and innovation. The companies said the partnership could lead to the delivery of up to 200 aircraft and services over the coming years, valued at roughly $1 billion. Joby said direct sales to partners such as Abdul Latif Jameel form a key part of its go-to-market strategy. Its all-electric, piloted aircraft seats four passengers and is designed for urban air mobility at speeds up to 200 miles per hour, while producing less noise than helicopters and zero operational emissions. Looking ahead, Joby plans to begin passenger services in Dubai by 2026. The companies also see potential for expanded revenue opportunities across the wider Middle East region. This article first appeared on GuruFocus.
Yahoo
09-06-2025
- Business
- Yahoo
JOBY: Air Mobility Stocks Climb as U.S. Launches Flying Taxi Initiative
June 9 - President Trump signed an executive action to establish an electric Vertical Takeoff and Landing integration pilot program on Friday, selecting at least five projects to advance eVTOL uses like cargo transport and medical response. Warning! GuruFocus has detected 2 Warning Signs with JOBY. Shares of flying taxi stocks responded sharply in early Monday trading. Joby Aviation (NYSE:JOBY) surged about 8%, while Archer Aviation (NYSE:ACHR) climbed about 9%. Blade Air Mobility (NASDAQ:BLDE) jumped about 2%. Vertical Aerospace Ltd. (NYSE:EVTL) soared about 11%. Eve Holding (NYSE:EVEX) edged about 2%, and Surf Air Mobility (NYSE:SRFM) inched about 2%. Earlier in the week, Archer Aviation flew its piloted Midnight eVTOL as part of certification and commercialization efforts in the U.S. and UAE. Joby Aviation signed a deal with Abdul Latif Jameel to distribute up to 200 four-passenger eVTOL aircraft in Saudi Arabia. Blade Air Mobility partnered with Skyports to expand helicopter and future eVTOL transfer services in New York City. The pilot program may speed regulatory approvals and boost operational testing. However, companies likely face hurdles in scaling production and securing airspace approvals. Investors will be watching whether these moves translate into sustainable growth. This article first appeared on GuruFocus.
Yahoo
09-06-2025
- Business
- Yahoo
JOBY: Air Mobility Stocks Climb as U.S. Launches Flying Taxi Initiative
June 9 - President Trump signed an executive action to establish an electric Vertical Takeoff and Landing integration pilot program on Friday, selecting at least five projects to advance eVTOL uses like cargo transport and medical response. Warning! GuruFocus has detected 2 Warning Signs with JOBY. Shares of flying taxi stocks responded sharply in early Monday trading. Joby Aviation (NYSE:JOBY) surged about 8%, while Archer Aviation (NYSE:ACHR) climbed about 9%. Blade Air Mobility (NASDAQ:BLDE) jumped about 2%. Vertical Aerospace Ltd. (NYSE:EVTL) soared about 11%. Eve Holding (NYSE:EVEX) edged about 2%, and Surf Air Mobility (NYSE:SRFM) inched about 2%. Earlier in the week, Archer Aviation flew its piloted Midnight eVTOL as part of certification and commercialization efforts in the U.S. and UAE. Joby Aviation signed a deal with Abdul Latif Jameel to distribute up to 200 four-passenger eVTOL aircraft in Saudi Arabia. Blade Air Mobility partnered with Skyports to expand helicopter and future eVTOL transfer services in New York City. The pilot program may speed regulatory approvals and boost operational testing. However, companies likely face hurdles in scaling production and securing airspace approvals. Investors will be watching whether these moves translate into sustainable growth. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
