Joby Just Flew an Aircraft Across the United States With No Pilot. Here's Why Wall Street Shrugged.
Joby's technology impressed, but Wall Street is waiting for revenue.
Overview
Joby Aviation (NYSE: JOBY) just accomplished something pretty spectacular. An aircraft equipped with Joby's autonomous flight technology traveled 3,199 miles across the United States without a human pilot touching the controls.
The converted Cessna Caravan taxied, took off, navigated across the country, avoided bad weather, and landed autonomously. To clarify, a safety pilot was onboard, but Joby says that the pilot made zero control inputs during the entire journey. That's a big deal.
Details
The aircraft wasn't just circling a controlled test facility, either. It traveled from California to North Carolina, operated at multiple airports, navigated real-world airspace, and was remotely supervised from locations as far as 2,323 miles away. Joby says it's the first autonomous flight across the United States.
Source
Originally published at www.fool.com.