TLDR
- Joby Aviation stock jumped 7.50% to $16.77 in premarket trading after announcing an exclusive partnership with NVIDIA to develop autonomous flight technology.
- The collaboration will integrate NVIDIA’s IGX Thor platform with Joby’s Superpilot™ system for autonomous capabilities in both military and civil aircraft applications.
- Joby shares have gained 92% year-to-date and 196% over the past year, far outperforming the broader market.
- The partnership will enable features including autonomous mission management, radar processing, sensor fusion, and predictive maintenance for Joby’s electric vertical takeoff and landing aircraft.
- Morgan Stanley raised its price target on Joby from $7 to $15, citing the NVIDIA partnership as a potential catalyst for the company’s autonomous technology development.
Joby Aviation shares climbed 7.50% to $16.77 in premarket trading on October 29, 2025. The jump followed Tuesday’s announcement of a partnership with NVIDIA to develop autonomous flight capabilities.
The electric vertical takeoff and landing aircraft maker was selected as NVIDIA’s exclusive aviation launch partner for its IGX Thor platform. The platform runs on NVIDIA’s Blackwell architecture.
The collaboration focuses on integrating NVIDIA’s computing technology with Joby’s Superpilot™ autonomous flight system. This integration will enable real-time autonomous capabilities for both military and civil applications.
Joby stock initially soared 8% in after-hours trading on October 28 after closing at $15.61. The stock had dropped 4.23% during regular trading that day.
The company has posted strong returns this year. Shares are up 92% year-to-date, crushing the S&P 500’s 17.16% gain.
Over the past year, JOBY has surged 196%, reflecting growing investor interest in the electric aircraft sector. The stock trades in a 52-week range between $4.80 and $20.95.
Computing Power Meets Flight Technology
The partnership will bring advanced onboard capabilities to Joby’s aircraft. These include autonomous mission management, radar and perception processing, and sensor fusion.
NVIDIA’s IGX Thor platform supports industry-recognized functional safety standards. This allows Joby to pursue certifiable autonomy for defense applications in the near term.
For civil aviation applications, the timeline extends further as regulatory frameworks continue to develop. The company aims to start commercial service overseas in 2026.
Gregor Veble Mikić, Flight Research Lead at Joby, explained the vision. “The autonomous systems under development at Joby are poised to complement human intelligence by providing speed, precision, and stamina beyond what a person alone is capable of.”
The collaboration will also enable enhanced features. These include predictive system health monitoring and digital twin modeling, which could optimize aircraft performance and efficiency.
Market Response and Financial Position
Joby Aviation currently holds a market capitalization of $13.909 billion. The company operates at a loss with negative earnings per share of -$1.07.
Revenue remains minimal at $98,000. Wall Street analysts project sales could reach $1 billion by 2029, according to FactSet.
The average analyst price target stands at $12.17. Targets range from $6.00 to $22.00 across different firms.
Morgan Stanley recently raised its price target from $7 to $15 while maintaining an Equal-Weight rating. The firm views the NVIDIA partnership as a potential catalyst for Joby’s autonomous technology roadmap.
The company’s electric vertical takeoff and landing aircraft are designed to be quiet, small, and low-cost. These characteristics could open up new urban air-transport markets.
The autonomous capabilities under development include automatic flight-path optimization and adapting to weather conditions. The aircraft will also have environmental awareness capabilities tailored for urban areas.
The partnership establishes a foundation for what Joby calls “a new era of safety-first autonomy in aviation.” NVIDIA’s computing power combined with Joby’s aircraft design aims to unlock advanced autonomous features previously seen as science fiction.
Joby stock was trading at $16.49 in early morning trading on October 29, up 5.6% from the previous close.
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