How Buying Joby Aviation Stock Today Could 10X Your Net Worth
This eVTOL maker could generate massive gains for its long-term investors.
Overview
Joby Aviation (NYSE: JOBY), a developer of electric vertical takeoff and landing (eVTOL) aircraft, went public through a merger with a special purpose acquisition company (SPAC) five years ago. It started trading at $10.62, but it now trades at about $7 per share.
Image source: Joby Aviation.
Joby's stock hasn't taken off yet because the FAA hasn't fully approved its first commercial flights. But when it does, its shipments of S4 eVTOLs -- which carry a single pilot and four passengers for up to 150 miles at up to 200 miles per hour -- could skyrocket.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.