Joby Aviation hit with $116.9M trade-secret verdict, shares fall 2%, dragging air taxi rivals down too.

A federal jury ruled that Joby Aviation must pay $116.9 million to Aerosonic over trade-secret claims related to air data probes, a verdict Joby disputes and plans to appeal. This legal setback pressures Joby’s cash runway as it remains pre-revenue while developing electric air taxis. The ruling also negatively impacted shares of other air taxi companies like Archer Aviation and EHang, despite their lack of involvement in the case, reflecting broader sector challenges. Investors will watch upcoming post-trial motions and appeals, which could alter the financial impact on Joby and influence sector sentiment.

Archer Aviation shares dropped 2.80% to USD 4.52 on Pluang as of Oct 07, 2026 21:22 WIB. EHang Holdings also declined 2.44%, trading at USD 4.00. Despite the legal issues affecting Joby Aviation, Archer's market cap remains $3.58B with strong buy interest at 82% on Pluang.