Joby Aviation Accelerates Air Taxi Expansion with Blade Acquisition
Joby Aviation is acquiring Blade Air Mobility's helicopter ride-share business for up to $125 million to accelerate its electric air taxi launch, boosting its stock by 22%, and is also partnering with L3Harris to develop military VTOL aircraft. The deal grants Joby access to key locations like Newark and Manhattan heliports, with plans to start commercial service in Dubai by 2026 and expand production. Despite positive developments, Wall Street's consensus on Joby stock is moderate, with a significant downside potential based on current price targets.
