Shares of Joby Aviation Inc. skyrocketed by more than 40% on Wednesday after the maker of electric air taxis got one step closer to commercial passenger flights.
Joby said... Shares of Joby Aviation Inc. skyrocketed by more than 40% on Wednesday after the maker of electric air taxis got one step closer to commercial passenger flights. Joby said earlier Wednesday that it had secured approval from U.S. regulators for test flights of its first electric vertical takeoff and landing, or eVTOL, aircraft.Proponents say that eVOTL aircraft are quieter and safer to operate than internal-combustion-engine helicopters. Joby plans to launch commercial operations in 2025.
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