Important Innovations

  Joby Aviation Going Public on NYSE        Source:  Joby Aviation Big Tech Investors Behind the e-VTOL Company Electric aviation company Joby Aviation is going public on the NYSE.  It is using a reverse merger with a special purpose acquisition company (SPAC) to do so.   The northern California company will come out of the box with a valuation of $6.6 billion.  Joby is a very hot "future of mobility" company.  It recently acquired Uber's flying taxi division.  Joby is backed by Toyota, Intel and Jet Blue.  And, the SPAC company it is merging with - Reinvent Technology - is run by Linked-In cofounder Reid Hoffman and Zynga founder Marc Pincus.  As part of the SPAC deal, Joby will get $1.6 billion cash. Joby is readying its flying taxis for scaled-up takeoffs in partnership with Toyota. Awesome eVTOL Technology Joby was founded by inventor JoeBen Bevirt.  He's developed an e-VTOL (electric vertical takeoff and landing) vehicle for use as an air taxi.  The vehicle can c

  Joby Considers Going Public                                                                      Source:  Joby Air Taxi Flying Taxis Fleets by 2023 The dawn of flying taxis is getting closer.  California based startup Joby is exploring the possibility of going public.  Joby is a very hot aircraft technology company developing an all electric, zero emissions, vertical air taxi which it hopes to put into service by 2023.  Also it recently took over Uber's flying taxi unit Elevate.  As part of the deal, Uber took a stake in Joby. Potential of Significant New Money There is no guarantee that Joby will go public.  But it has hired investment bankers and it reportedly is exploring a merger with what is called a "blank check" or special purposes company at a valuation of $5 billion.  It's an alternative way of going public rather than the traditional IPO route.  Joby is currently valued at $2.6 billion.  Going public would potentially bring in significant new money for Job