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Mobility

Uber-Backed Joby surges on the promise of air taxis by 2024

Joby Aviation will seek FAA approval and begin training pilots for its five-seat aircraft.
Joby Aviation will seek FAA approval and begin training pilots for its five-seat aircraft.
LC
By:
Lizette Chapman
August 16, 2021 04:00 AM

Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, began trading last week, testing the imaginations of public investors. The shares surged more than 12 percent during the first hour of trading Wednesday.

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