Joby AviationNYSE: JOBY

Joby Aviation said on Thursday the U.S. aviation regulator has authorized the use of the air-taxi maker's in-house software to perform tasks such as managing pilot workload and matching passengers with aircraft similar to ride-hailing apps.

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has received Federal Aviation Administration (“FAA”) authorization to use a suite of software tools developed in-house, called ‘ElevateOS', that are designed to enable high-tempo, on-demand air taxi operations. The ElevateOS operating system, which will be introduced during a virtual presentation later today, includes pilot tools, ope.

Joby Aviation (NYSE: JOBY) stock price has collapsed hard this year. Like other eVTOL companies like Lilium and Archer Aviation, it has crashed by over 25% in 2024 and by 35% in the past 12 months.

Joby Aviation is making progress in manufacturing eVTOLs and working toward FAA certification. The company has multiple paths to revenues outside a commercial launch in the U.S., including a deployment with the DoD and a potential launch in Dubai. The stock is cheap, with the company on the path to annual revenues in the multi-billions.

Joby Aviation (NYSE: JOBY ) stock is getting a boost on Tuesday after the company announced its acquisition of Xwing's autonomous flight division. Joby Aviation notes that the acquisition includes all of Xwing's automation and autonomy technology activities.

BOULDER, Colo.--(BUSINESS WIRE)--Unless, a leader in venture capital for Industrials, announces Joby Aviation's acquisition of the autonomy division of Xwing, a portfolio company.

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it will host a virtual presentation on the Company's preparations for commercial service on June 20, 2024. During the presentation, Joby executives will present a view of the Company's industry-leading work to meet the regulatory and operational requirements for the safe and efficient operations of an on-demand electric air taxi service.

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Joby Aviation (NYSE: JOBY) continues to be a leading choice in the electric vertical takeoff and landing industry. So far in 2021, JOBY stock has experienced fluctuations in its value.