NYSE:JOBYAirlines
Joby Aviation (JOBY) Is Down 22.4% After $1.2 Billion Equity–Convertible Raise - What's Changed
In late January 2026, Joby Aviation raised roughly US$1.20 billion through a completed US$600 million follow-on common stock offering and US$600 million of 0.75% senior subordinated unsecured convertible notes due February 15, 2032.
This mix of equity and long-dated convertible debt materially boosts Joby’s funding for eVTOL certification and production while increasing dilution and capital structure complexity for shareholders.
Against this backdrop, we’ll examine how Joby’s large blended...