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Crude Oil Moves Lower; Joby Aviation Shares Surge - Bitmine Immersion Techs (amex:Bmnr), Artelo Biosciences (nasdaq:Artl)
- Joby Aviation, a California-based eVTOL maker, delivered its first electric air taxi to the United Arab Emirates in 2024 and plans a service launch there in 2026.
- The delivery followed Joby's 2024 agreements with Dubai and Abu Dhabi authorities granting exclusive six-year air taxi rights amid growing demand for such services.
- Joby began building a vertiport at Dubai International Airport and plans three more in Dubai as it completes flight tests and gains Saudi Arabian investment.
- This year, Joby's stock price has increased by over 32%, pushing its market value past $9 billion, while CEO JoeBen Bevirt described Dubai as a key starting point for transformative change in global transportation.
- The UAE expansion and international investments signal accelerating momentum for air taxis despite regulatory and safety challenges in this emerging industry.
15 Articles
15 Articles
BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury - Overpasses For America
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Tom Lee, the market strategist known for his insight…
Joby Aviation stock soars: Flying taxi company completes first successful test flights in Dubai; launch set for 2026
Dubai just took one step closer to its goal of launching electric air taxis in early 2026. U.S.-based Joby Aviation, a company that is developing electric air taxis for commercial use, announced Monday that it successfully completed a series of piloted flights in Dubai, a first for the region’s eVTOL aircraft sector. (eVTOL stands for electric vertical takeoff and landing.) Joby’s all-electric air taxi is designed to carry a pilot and four passe…
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