3 Reasons to Buy Joby Aviation Like There's No Tomorrow

Joby Aviation (NYSE: JOBY) is an aerospace company with an intriguing idea. It wants to fly people over traffic in relatively quiet electric aircraft. Known as electric vertical takeoff and landing (eVTOL) craft, these could essentially function as an Uber Technologies in the sky, offering services to passengers who are sick of congested roads (and aren't afraid of flying).In the past, eVTOLs seemed more at home in the realm of science fiction -- believable in a novel, but scarcely compatible with the infrastructure of the real world. Over the last five years, however, and especially the last eight months, a world with eVTOLs flying above cities is seeming more like a true possibility.Governments and airlines are backing eVTOLs with policy and investments, and designs for their infrastructure are starting to take shape. For a pre-revenue company like Joby Aviation, that support has largely been the reason its market valuation has shot up to about $12 billion at the time of writing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool