Joby Aviation's stock could hit $70 by 2035 as urban air mobility market expands.

Joby Aviation is nearing FAA certification for its electric vertical takeoff and landing (eVTOL) aircraft, positioning itself as a leader in the emerging urban air mobility market. Despite current losses and heavy R&D spending, Joby’s long-term value lies in capturing a significant share of the projected $425 billion aerial economy by 2040. Strategic partnerships with Toyota and Delta support mass production and scaling. If Joby secures 15% of the $200 billion eVTOL market by 2035, it could generate $4.5 billion in profits, justifying a valuation near $70 billion, an 8x increase from today.