Joby Aviation Inc(NYSE:JOBY) is soaring to new heights—literally and figuratively. The stock is making new 52-week highs on Monday, fueled by news of half a billion-dollar investment fromToyota Motor Corp(NYSE:TM).

Joby stock was up by over 10% by 10:30 AM ET on Monday.

Joby's meteoric rise — a staggering 54.75% gain in the past month and 42.34% over the last five days (both rising) — signals a market awakening to the future of air mobility.

Toyota's Half-Billion Dollar Lift

Toyota's recent $500 million investment into the electric vertical takeoff and landing (eVTOL) technology company has electrified...