Joby Aviation announced the completion of its third production prototype aircraft at its Marina, CA facility, with plans to have four aircraft in active flight testing next quarter. The company has made significant progress in type certification, with 37% completion of the fourth stage, expecting acceleration in the remainder of 2024.The company expanded internationally by applying for certification in Australia and signing an MOU with Saudi Aramco's subsidiary Mukamalah for direct aircraft sales in Saudi Arabia. Notable technological achievements include flying a hydrogen-electric air taxi demonstrator 561 miles and acquiring Xwing's autonomy division to enhance autonomous aviation capabilities.As of Q2 2024, Joby maintains a strong financial position with $825 million in cash and short-term investments. The second production prototype has entered flight testing, marking steady progress in the company's manufacturing and testing program.

Joby Aviation announced the completion of its third production prototype aircraft at its Marina, CA facility, with plans to have four aircraft in active flight testing next quarter. The company has made significant progress in type certification, with 37% completion of the fourth stage, expecting acceleration in the remainder of 2024.The company expanded internationally by applying for certification in Australia and signing an MOU with Saudi Aramco's subsidiary Mukamalah for direct aircraft sales in Saudi Arabia. Notable technological achievements include flying a hydrogen-electric air taxi demonstrator 561 miles and acquiring Xwing's autonomy division to enhance autonomous aviation capabilities.As of Q2 2024, Joby maintains a strong financial position with $825 million in cash and short-term investments. The second production prototype has entered flight testing, marking steady progress in the company's manufacturing and testing program.