Joby Aviation has completed its first New York City air taxi test, signalling that flying cars are moving closer to reality.
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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.
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Just 20 examples of the bespoke Porsche 911 Turbo S Sadu Edition will be produced, celebrating Kuwait’s cultural heritage and the marque’s seven-decade history in the region.
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Porsche has unveiled a limited-edition 911 Turbo S created exclusively for Kuwait, marking 70 years since the first Porsche sports car was imported into the Middle East.
Called the 911 Turbo S Sadu Edition, the bespoke model is based on the latest 992.II-generation Turbo S, with production limited to just 20 vehicles.
The release commemorates the arrival of a Porsche 356 Cabriolet imported into Kuwait by Morad Behbehani in 1956, establishing Behbehani Motors Company as the brand’s first Middle Eastern dealership.
The special-edition model draws heavily on Al Sadu, the traditional wool weaving practice recognised as part of UNESCO’s Intangible Cultural Heritage list in 2020. Known for its bold geometric patterns and cultural significance across the Arabian Peninsula, the weaving style has been incorporated throughout both the exterior and interior detailing of the car.
“The Turbo S Sadu Edition combines high performance with exclusive craftsmanship,” Porsche Middle East and Africa CEO Dr Manfred Bräunl said.
“This very special project has been years in the making and the final product is a fitting tribute to the Behbehani family’s 70-year Porsche story.”
Finished in Cremewhite with black high-gloss accents, the car features bespoke Sadu-inspired decals across the lower doors and rear wing, alongside specially painted Sport Classic wheels and gold ‘Turbo S Sadu Edition’ badging.
Inside, the two-tone leather cabin combines black and Bordeaux Red finishes with GT Silver detailing and custom Sadu-pattern textiles integrated into the seats and door panels. The ‘70 Years’ anniversary motif has also been embossed into the headrests in Arabic lettering.
Additional detailing extends to the key case, owner’s manual wallet and illuminated door sill guards, while the car is equipped with Porsche Ceramic Composite Brakes, titanium sports tailpipes, a Burmester High-End Surround Sound System and front axle lift technology.
Behbehani Motors Company President Ali Behbehani said the model reflected both Kuwait’s traditions and Porsche’s bespoke craftsmanship capabilities.
The limited-run vehicles will be completed through Porsche Exclusive Manufaktur in Zuffenhausen, adjacent to the 911 production line.
