Joby shares soared 34.9% in June, according to data provided by S&P Global Market Intelligence, after the company's aircraft took to the skies over Dubai ahead of a commercial rollout.

Joby’s eVTOL aircraft can shorten a 45-minute car ride to a 12-minute trip within the United Arab Emirates. Dubai just took one step closer to its goal of launching electric air taxis in early 2026.

Shares of Joby Aviation (JOBY) gained altitude yesterday, climbing 12% higher after announcing the electric vertical take-off and landing (eVTOL) aircraft leader successfully completed piloted test flights in Dubai. It marks a historic step toward commercial air taxi services.