Joby Aviation acquired Blade Air Mobility's passenger business for up to $125 million, enhancing its urban air mobility infrastructure and customer base. This strategic move follows a partnership with L3Harris Technologies to develop a gas turbine hybrid VTOL for military purposes, with flight tests planned for fall 2025. These developments position Joby to lead in both the commercial and defense aviation sectors, although its stock has surged by 150% in 2025, raising investor concerns about future investment timing.
Joby Aviation's acquisition of Blade Air Mobility's passenger business for up to $125 million provides access to established infrastructure and urban mobility expertise.
The partnership with L3Harris Technologies aims to develop a gas turbine hybrid VTOL aircraft for military applications, with flight tests scheduled for fall 2025.
These strategic deals position Joby to bridge urban air taxi services with military aviation, leveraging its S4 platform to innovate low-altitude flying.
Despite a 150% surge in stock value in 2025, investors are questioning the timing for further investment in Joby Aviation as opportunities unfold.
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