Joby Aviation has completed its first New York City air taxi test, signalling that flying cars are moving closer to reality.
2 min
As the song “New York, New York” made famous by Frank Sinatra puts it, if you can make it there, you can make it anywhere.
That’s what Joby Aviation is hoping. Its stock is rising in early trading on Monday following Joby’s announcement that it had completed the first point-to-point air taxi demonstration in New York City. The flight was the first in a week-long series of test flights.
Joby stock rose 6.4% on Monday, closing at $9.04, while the S&P 500 rose 0.1% and the Dow Jones Industrial Average fell 0.1%.
Joby’s aircraft left JFK Airport and landed at multiple sites across the city’s existing heliport network, including Downtown Skyport and the West 30th Street and East 34th Street heliports in Midtown, according to the news release.
The flights are part of the electric vertical takeoff and landing, or eVTOL, Integration Pilot Program, or eIPP, launched by the Transportation Department in 2025 to accelerate the development and adoption of air taxis.
Joby and its peers are working on eVTOLs, which are quieter and easier to operate than traditional helicopters, opening up potential urban air taxi markets. Urban air taxis are why Joby’s products are sometimes called flying cars.
Coming into Monday trading, Joby stock was down 36% year to date, but up 31% over the past 12 months.
Shares have been volatile . Joby doesn’t generate sales yet and trades largely on news flow related to aircraft certification and the start of commercial service in the Middle East. Both are expected in late 2026.
Middle East sentiment appears to be weighing on shares. Joby stock was down about 16% since fighting broke out in Iran.
Wall Street expects the company to post roughly $110 million in sales in 2026. Sales are projected to rise to $1.1 billion by 2029 and $2 billion by 2030. Predicting aircraft certification and demand has been hard for analysts. Three years ago, the 2029 sales estimate was closer to $3 billion.
Copyright 2020, Dow Jones & Company, Inc. All Rights Reserved Worldwide. LEARN MORE
Automobili Lamborghini and Babolat have expanded their collaboration with five new colourways for the ultra-exclusive BL.001 racket, limited to just 50 pieces worldwide.
Rugged coastal drives and fireside drams define a slow, indulgent journey through Scotland’s far north.
Automobili Lamborghini and Babolat have expanded their collaboration with five new colourways for the ultra-exclusive BL.001 racket, limited to just 50 pieces worldwide.
< 1 min
Automobili Lamborghini and Babolat have unveiled a new evolution of the BL.001 padel racket, introducing five fresh colour variants for the limited-edition design collaboration between the Italian supercar marque and the French sporting giant.
First launched in 2024, the BL.001 marked the beginning of the partnership between the two brands, combining Lamborghini’s expertise in engineering and composite materials with Babolat’s long-standing pedigree in racket sports.
The latest edition was revealed at Lamborghini Arena, the brand’s annual showcase event, with production once again capped at just 50 units globally.
According to Lamborghini, the new collection places a stronger emphasis on colour and finish, elements the company describes as central to its design identity.
Produced at Lamborghini’s Sant’Agata Bolognese facilities using processes inspired by its super sports cars, the racket features a 3K carbon surface designed to maximise responsiveness, power and precision.
The frame is reinforced with KORIDION, a rigid foam technology intended to improve structural stiffness and energy transfer on impact, while maintaining a high level of control for players.
The companies said the collaboration reflects a shared focus on innovation and high performance, with the racket positioned as more than simply a sporting accessory.
The BL.001 will be exclusively showcased and tested during Lamborghini Arena 2026, taking place at Italy’s Imola Circuit on May 9 and 10, where media, influencers and guests will have the opportunity to trial the racket firsthand.
