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Joby Aviation stock soars: Flying taxi company completes first successful test flights in Dubai; launch set for 2026

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monday

Dubai just took one step closer to its goal of launching electric air taxis in early 2026.

U.S.-based Joby Aviation, a company that is developing electric air taxis for commercial use, announced Monday that it successfully completed a series of piloted flights in Dubai, a first for the region’s eVTOL aircraft sector. (eVTOL stands for electric vertical takeoff and landing.)

Joby’s all-electric air taxi is designed to carry a pilot and four passengers at speeds of up to 200 miles per hour, with minimal noise and zero operating emissions, for faster and quieter commutes. The company aims to revolutionize travel in Dubai while reducing traffic congestion.

Shares in Joby Aviation (NYSE: JOBY) were trading up over 15% in midday trading on Monday.

The United Arab Emirates is a launchpad for a global revolution in how we move,” Joby founder and........

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