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Joby Aviation Goes Public

Kelsey Reichmann
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Joby Aviation Goes Public
Joby's team in front of the company's first public display of its aircraft in New York. (via Joby Aviation's Twitter account)

The electric air taxi company Joby Aviation completed a merger with Reinvent Technology Partners (RTP) on Aug. 10 making it the first publicly traded electric vertical takeoff and landing (eVTOL) company on the market. The company had $1.6 billion cash on its balance sheet as of March 31 and this transaction values Joby at $4.5 billion enterprise value.  Joby will begin trading on the New York Stock Exchange on Aug. 11 under JOBY for common stock and JOBY WS for…

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