Shares of Joby Aviation (NYSE: JOBY) surged more than 7% at Wednesday’s open after news broke of a partnership with Uber. The ride-hailing giant announced it will begin offering Blade helicopter rides on its app as early as 2026, a move made possible through Joby’s recent $125 million acquisition of Blade’s helicopter and air transport business.
Joby remains on track for FAA approval in 2026, with major milestones in late 2025 to early 2026 likely to drive the stock. For investors with a multi-year horizon, the risk/reward setup favors the bulls.
This post originally appeared at Money Morning.