Why Did Joby Aviation Stock Fly Today?
Joby Aviation (NYSE: JOBY) stock soared 17.2% through 12:45 p.m. ET Wednesday after reporting its Q1 2026 financial results last night. Image source: Getty Images. Joby concluded its report by pointing out that it has $2.5 billion in cash and equivalents on its balance sheet to fund it through the start of commercial operations -- and revenue generation. That sounds like a lot for a company that says it will be spinning up its business in mere months. Analysts still expect Joby to burn cash for years before ...