Does New Saudi and Dubai Partnerships Signal a Global Breakout Moment for Joby Aviation (JOBY)?

• Red Sea Global and The Helicopter Company have announced a memorandum of understanding for Joby Aviation to conduct pre-commercial air taxi flights in Saudi Arabia, with plans for evaluation flights in the first half of 2026 and expanded partnerships announced in Dubai and Kazakhstan.
• This series of new international collaborations highlights Joby Aviation's growing influence in the eVTOL sector as it strengthens regulatory engagement and exclusive agreements across several high-profile markets.
• We'll examine how these partnerships and the deepening regulatory cooperation in the Middle East shape Joby Aviation's investment narrative.

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What Is Joby Aviation's Investment Narrative?

To be a shareholder in Joby Aviation, one has to believe in the company's ability to translate global regulatory wins and high-profile partnerships into real commercial momentum, despite ongoing losses and cash burn. The latest memorandum of understanding with Red Sea Global and The Helicopter Company in Saudi Arabia expands Joby’s geographic reach, but it does not materially change the core short-term catalyst: achieving full regulatory certification and launching commercial services. This remains the single biggest hurdle, as operational milestones in new markets rely on successful certification and the path to profitability still appears distant. The recent financial filings and continued dilution risks also remind investors that funding growth comes at a cost. While partnerships in the Middle East show Joby's growing influence, execution and regulatory approval are still the critical benchmarks investors are watching most closely.

But the scale of further funding needs isn’t the only factor investors should be watching. In light of our recent valuation report, it seems possible that Joby Aviation is trading beyond its estimated value.

Exploring Other Perspectives

Thirteen Simply Wall St Community members valued Joby between close to zero and US$12.50. These wide-ranging estimates reflect sharply divided views, mirroring the uncertainty seen around regulatory progress and commercial launch milestones. Check out several different forecasts to see how others view Joby’s prospects.

Explore 13 other fair value estimates on Joby Aviation - why the stock might be worth as much as $12.50!

Build Your Own Joby Aviation Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Joby Aviation research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.
• Our free Joby Aviation research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Joby Aviation's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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