Joby Aviation, Inc. (NYSE:JOBY) is one of the 10 Stocks Delivering Eye-Popping Gains.
Joby Aviation, Inc. (NYSE:JOBY) jumped by 11.27 percent on Thursday to close at $9.48 apiece following comments from the Federal Aviation Administration (FAA), which indicated that adoption of the air taxi industry is now in full gear.
In an uploaded video on X, FAA Administrator Chris Rocheleau said that the agency “is pushing forward to safely enable exciting new technologies that are reshaping how we fly.”
“Advanced air mobility vehicles, such as electric vertical takeoff and landing or eVTOLs, will soon be used to move people and cargo in places not easily served by surface transportation or existing aviation,” he underscored, adding that the FAA is collaborating across government and industry to build regulatory frameworks for the integration of the new technologies into the national airspace.
”Together, we are building a future where air mobility is not just a concept, but a cornerstone of American innovation,” he added.
The initiative forms part of, and supports, President Donald Trump’s executive order, which aims to accelerate domestic drone production in the US.
A futuristic electric vertical takeoff and landing aircraft soaring through the sky.
The positive announcement spilled over to US-based eVTOL companies Joby Aviation, Inc. (NYSE:JOBY) and Archer Aviation Inc. (NYSE:ACHR).
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Disclosure: None. This article is originally published at Insider Monkey.
