Company
Joby Aviation develops electric vertical takeoff and landing (eVTOL) aircraft for air taxi services, pursuing FAA certification and autonomy systems.
Nearly 1,400 workers were laid off at the former Navistar truck plant in southwestern Ohio, enough to erase about a year of Dayton-area job growth. The cut tops the region's average yearly factory-job loss since 1990.
Reality
A converted Cessna Caravan taxied, took off, navigated and landed on its own across the country, ending near North Carolina's Outer Banks. The pilot in the seat was there for compliance and never operated the controls.
Perspective Coverage
3 publishersReality
The Xwing-derived system flew a converted Cessna Caravan across the United States without pilot input, and Joby means to sell it as a kit on conventional airframes while its electric air taxi waits on FAA certification.
Reality
Lenders price collateral and contracted cash rather than addressable markets, which makes the split the story here, because REGENT has $15M of contracted Marine Corps work sitting behind $120M of borrowing and a $9bn pre-order book that pays nobody yet.
Reality
Archer Aviation bought its former courtroom adversary plus a software unit and a drone maker. The consideration was equity, and the acquired assets sell things today.
Reality