Joby Aviation Closes Successful Common Stock Offering

Joby Aviation, Inc. (NYSE: JOBY) is at the forefront of the electric air taxi revolution, developing innovative transportation solutions aimed at transforming urban mobility. The California-based company is focused on creating an all-electric, vertical take-off and landing (eVTOL) air taxi service designed to provide fast, quiet, and convenient travel options in cities worldwide.

On October 9, 2025, Joby Aviation announced the successful closing of an underwritten offering of its common stock. The offering included 35,075,000 shares, priced at $16.85 per share, generating significant financial backing for the company. Notably, the offering encompassed an additional 4,575,000 shares, which were issued following the underwriter's full exercise of their option to purchase more shares at the same offering price.

The gross proceeds from the offering amounted to approximately $591.0 million, before the deduction of underwriting discounts, commissions, and other related expenses. This infusion of capital is expected to bolster Joby’s initiatives in the development of its electric air taxis, propelling the company closer to launching its services in urban environments.

Morgan Stanley served as the book-running manager for this offering, reinforcing its reputation as a leading investment bank in managing high-profile equity offerings. The successful execution of this capital raise reflects strong investor confidence in Joby Aviation's business model and growth prospects.

In compliance with regulatory requirements, Joby had previously filed a registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) on October 24, 2024. This registration became automatically effective upon filing, allowing for a streamlined offering process. Interested investors can access the final prospectus supplement and accompanying prospectus through the SEC's EDGAR database or directly through Morgan Stanley's Prospectus Department.

Joby Aviation's recent capital raise positions the company strategically for future growth as it seeks to establish itself as a leader in the emerging eVTOL market. With increasing interest in sustainable transportation solutions, Joby is poised to leverage this momentum to accelerate its development and operational timelines, ultimately aiming to provide efficient air taxi services that could redefine urban transportation.

As the urban mobility landscape evolves, Joby Aviation’s commitment to innovation and sustainability will be crucial in navigating the competitive landscape of aerial transport. With the successful closing of this stock offering, the company has taken a significant step toward realizing its vision of transforming how cities move.

In summary, Joby Aviation's recent offering reflects a robust financial foundation and a promising outlook as it continues to innovate in the electric air taxi sector. Investors and stakeholders alike will be watching closely as the company advances toward its ambitious goals.