Joby Aviation's Stock Slides After $500M Share Sale
Joby Aviation's shares fell over 11% after pricing a $500 million discounted stock offering to fund certification and manufacturing efforts.
The sale, announced on October 7, 2025, is intended to help fund Joby's push to certify and build its all-electric air taxi.
- The company announced it would sell $500 million in new stock, with the option to issue another $75 million if demand was strong.
- The shares were sold directly by Joby to raise fresh capital, not by existing investors, and it is a secondary offering rather than an initial public offering.
- The new shares were priced at $16.85 each, about 11 percent below the previous day’s closing price.
The lower price helped attract buyers but quickly weighed on the stock.
Author's summary: Joby Aviation's stock falls after $500M share sale.