Joby Aviation: Could This $9 Stock Help Make You a Millionaire?

Joby Aviation sits at the forefront of urban air mobility with its fully electric eVTOL aircraft, a vehicle designed to shuttle small groups across city centers via dedicated vertiports. The company is navigating FAA certification, as the agency requires rigorous testing for novel airframes. Joby says it aims for full regulatory approval in the United States and Dubai within the next 12 months, and its stock trades around $9 a share, drawing investor curiosity about a potential upside.

To support that path, Joby is expanding production to two eVTOLs per month, or about 24 annually. The plan is to double output and eventually reach 500 vehicles per year as demand scales across dozens of cities. The business remains heavily cash-intensive: the company posted a record free cash burn of about $660 million in the last 12 months, though it held roughly $2.5 billion in cash and equivalents at quarter-end.

Beyond hardware, Joby contemplates a direct-to-consumer model, operating its own ride-hailing network via a vertiport ecosystem rather than selling aircraft solely to airlines. Partnerships with Delta Air Lines would help connect travelers from airports to eVTOL services, positioning Joby as a potential integrator of urban mobility across air and ground transportation.