Joby Aviation Inc.’s stock JOBY jumped 8% premarket Thursday to extend its week-to-date gains to 42%, after the maker of electric air taxis said it has received a $100 million investment from SK Telecom Co. Ltd. SKM. The news comes a day after the stock enjoyed more than 40% rally after the company got one step closer to commercial passenger flights, saying it had secured approval from U.S. regulators for test flights of its first electric vertical takeoff and landing, or eVTOL, aircraft.
The news comes a day after the stock enjoyed more than 40% rally after the company got one step closer to commercial passenger flights, saying 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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Source: Reuters - 🏆 2. / 97 Read more »