The 1 Simple Reason to Buy Joby Aviation Stock

Joby Aviation’s stock has dropped more than 50% over the past 12 months, as investors weigh cash burn and limited commercial revenue from its core air taxi business. The article argues there is one key reason to buy: Joby’s cash position is strong enough to carry the company until commercial launch. In the second quarter of 2026, Joby ended with about $2.3 billion in cash and short-term securities, more cash than debt—important for a capital-intensive industry. The company is planning to acquire Resonant Sciences for $500 million, and operating expenses in Q2 2026 were just under $300 million. Joby is also growing revenue, largely through subsidiary Blade, while Toyota and Resonant are part of a manufacturing partnership.