Will Joby (JOBY)’s Military Partnership Mark a Turning Point in Its Urban Air Mobility Ambitions?

Simply Wall St
  • In recent months, Joby Aviation announced several major developments including the acquisition of Blade Air Mobility's passenger business, a military partnership with L3Harris, global expansion through Expo 2025 in Japan, and a UAE air taxi agreement targeting 2027 service launch.
  • These moves underscore Joby's efforts to diversify revenue, strengthen its technological footprint, and advance toward FAA certification and international urban air mobility operations.
  • We’ll explore how Joby’s new military partnership with L3Harris could reshape its investment narrative and long-term growth outlook.

Rare earth metals are the new gold rush. Find out which 36 stocks are leading the charge.

What Is Joby Aviation's Investment Narrative?

Owning Joby Aviation stock comes down to believing in the company’s ability to not just create the future of urban air mobility, but to do so ahead of large competitors, and before its financial runway shortens too far. The recent string of major announcements, including the acquisition of Blade Air Mobility’s passenger business and the L3Harris military partnership, meaningfully impacts Joby’s most important short-term catalysts. Previously, the biggest questions for the stock revolved around regulatory progress, pace of commercialization, and a widening net loss that more than doubled year over year. Now, the military partnership could introduce new revenue streams and dampen funding risk, while the Blade deal shows a decisive step towards diversification. Nonetheless, volatility remains after recent equity offerings, and Joby’s timeline for FAA certification is still a central risk, any shift there would ripple across the investment story.
But with these recent deals, regulatory approval and commercialization timelines are not Joby’s only wildcards anymore.

Our expertly prepared valuation report on Joby Aviation implies its share price may be too high.

Exploring Other Perspectives

JOBY Community Fair Values as at Oct 2025
The Simply Wall St Community generated 14 unique fair value estimates for Joby Aviation, spanning US$0.0002 to over US$12 per share. With such wide-ranging views, your assessment must consider both operational progress and persistent unprofitability as key issues influencing how the market prices Joby.

Explore 14 other fair value estimates on Joby Aviation - why the stock might be worth as much as $12.17!

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.

Ready To Venture Into Other Investment Styles?

These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

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.

Valuation is complex, but we're here to simplify it.

Discover if Joby Aviation might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com