Last year, its valuation hit $2.6 billion thanks to the backing of big names like Toyota (NYSE:TM) and Intel (NASDAQ:INTC). Since then, the aircraft company has soared to unbelievable heights in a bid to make air travel cleaner, not to mention quieter. Joby Aviation appears to be on course to complete its merger with special purpose acquisition company Reinvent Technology Partners. Another battery startup swept up by Decarbonization Plus is Hyzon Motors, which manufactures hydrogen fuel cells for commercial vehicles. Solid Power will trade on NYSE under the ticker symbol “SLDP.”. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger.. Here are the top stories you need to know. That’s not including companies in adjacent industries that have announced SPAC mergers earlier this year but have yet to make market debuts. According to unnamed sources in a January 21 story, the California-based startup has engaged investment banks to explore possibilities for raising further capital through a tie-up with a SPAC. Save my name, email, and website in this browser for the next time I comment. A rival flying taxi startup, Lilium, also plans to go public via a SPAC deal. In fact, the company wants to get its air taxi service up and running in 2024. The deal will value the combined company at $2 billion. Joby Aviation also have a very strong outlook . A Joby Aviation special purpose acquisition company (SPAC) merger is reportedly in the works with the blank-check company Reinvent Technology Partners (NYSE: RTP) and RTP stock is soaring. And in the meantime, add EXPC stock to your watch list. Joby Aviation debuted via a merger with SPAC Reinvent Technology Partners [RTP], the share price of which has fluctuated significantly in the run-up to its IPO on 11 August. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger. Joby Aviation debuted via a merger with SPAC Reinvent Technology Partners [RTP], the share price of which has fluctuated significantly in the run-up to its IPO on 11 August. This is our generation’s moonshot moment, and at Joby we’re proud to be leaning in.”. Although the Joby Aviation SPAC merger is certainly unique, it follows in the footsteps of another air mobility deal. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative […] There are two key things to watch. Joby Aero, Inc. ("Joby"), a California-based company developing all-electric aircraft for commercial passenger service, today announced the composition of its Board of Directors in anticipation of the company's merger with Reinvent Technology Partners ("Reinvent" or "RTP . In fact, he thinks Blade could one day be a $10 billion company. Electric-Air-Taxi Firm Joby to Go Public Via Reinvent SPAC The electric-air-taxi startup Joby is going public through a merger with special purpose acquisition company Reinvent Technology Partners . At Joby Aviation, we're making that possible with our pioneering electric aircraft. Keep a close eye on this news, and wait for more confirmation. Flying taxi developer Joby Aviation is getting some help from the SPAC helmed by LinkedIn Founder Reid Hoffman. (3 Reasons)Archer Aviation Investor Presentation https://investors.arche. In February 2021, Joby Aviation announced its definitive agreement with blank-check company Reinvent Technology Partners. Virgin Orbit is a satellite-launching startup spun off from Richard Branson’s space tourism company, Virgin Galactic. This transaction values Joby as a $4.5 billion enterprise, with proceeds raised plus cash on the balance sheet equalling around $1.6 billion total. Joby entered the public market through a merger with SPAC Reinvent Technology Partners, which is run by Zynga ( ZNGA) founder Mark Pincus and LinkedIn co . This SPAC deal is unusual because it doesn’t include a private-investment-in-public-equity (PIPE) round that allows a private company to raise extra funds through a SPAC merger. The first is that the company is making progress toward its dream of a flying taxi fleet. The transaction is expected to close before the end of the year. A Joby Aviation SPAC merger promises to play into several emerging trends. The transaction is expected to be finalized in the second half of 2021. Interest in eVTOL aircraft is shared by airlines/companies like Virgin Atlantic and Amazon. Aircraft like this blur the lines between helicopters and standard aeroplanes. Joby Aviation SPAC IPO Details. When the transaction closes, the company expects up to $690 million from Reinvent Technology Partners' trust. The transaction is expected to close in the fourth quarter. Joby Aviation was founded all the way back in 2009 by CEO JoeBen Bevirt. Once these helicopter trips become more accessible, they will surge in popularity. We believe Joby is well-positioned with capital to be the first company to certification and commercialisation. Joby Aviation begins trading on NYSE after SPAC merger. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative . In the future, consumers will use a mobile app to hail a ride in a flying, all-electric taxi. Joby announces Board of Directors ahead of SPAC merger. At Joby Aviation, we're making that possible with our pioneering electric aircraft. That trio is also in the process of taking electric aircraft startup Joby Aviation public with another Reinvent SPAC. Joby Aviation, a transportation company developing all-electric takeoff and landing aircraft, entered into a business combination agreement with Reinvent Technology, a Special Purpose Acquisition Company (SPAC). The co-lead directors of RTP are Reid . Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional . The blank-check company behind such a deal could certainly take off. Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger.. Joby Aviation has become the latest eVTOL aircraft developer to go public, following a joint SPAC merger with Reinvent Technology Partners - the company co-established by LinkedIn co-founder Reid Hoffmann. Santa Cruz-based Joby Aviation has been quietly working on its tilt-rotor eVTOL air taxi for over a decade now, but seems to have . A Joby Aviation SPAC merger promises to play into several emerging trends. Joby owns Uber Elevate and will use the Uber app. Be it travelling from coast to coast or from major urban areas to airports in a clean/sustainable fashion. The transaction is expected to be finalized in the second quarter. Hop on the Joby Aviation flight to an SPAC merger. Joby Aviation Inc, a California-based developer of all-electric aircraft for aerial ridesharing, has gone public via a merger with Reinvent Technology Partners, a blank check company. Joby Aviation, considered a leading eVTOL aircraft developer, is reported to be merging with a blank-check company to go public at a $5.7 billion valuation. Powered by six electric motors, our aircraft takes off and lands vertically, giving us the flexibility to serve almost any community. A closer look at Joby Aviation’s eVTOL aircraft © Credit to Joby Aviation. Joby Aviation Set To Take Its eVTOL Public In $6.6B SPAC Deal. Click the AdBlock Plus button on your browser and select Disable on Observer.com. One company that saw less money from its SPAC merger is Santa Cruz-based Joby Aviation. An impressive start and the potential catalyst for other eVTOL aircraft companies to follow suit. British billionaire Richard Branson, whose Virgin Group has its own SPAC, is reportedly near a $3 billion deal to take his satellite-launching startup, Virgin Orbit, public by merging it with an outside firm. Shares in Reinvent Technology Partners then flatlined at $10.03, with 62% of . In the remaining six months of 2021, we are supposed to see a handful of early-stage space companies, air taxi companies and EV startups go public. It's a faster, cleaner, and smarter way to carry people through their lives. The SPAC raised $600 million in a September IPO and had a… Electric vertical takeoff and landing (eVTOL) aircraft specialist Joby Aviation has successfully completed its business deal with Reinvent Technology Partners (RTP), a special purpose acquisition company. The blank-check company behind such a deal could certainly take off. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. As Joby puts it, its flying taxi ride-hailing service will also be relatively affordable. Probably too much. The stock opened higher. It’s not like there isn’t interest in this particular field. The aircraft-maker surged more than 20% after opening at $10.62 on its first day of trading after the RTP merger. Vertical will be listed on NYSE under the ticker “EVTL.” The company said it has already secured $4 billion worth of pre-orders from major aviation clients, including American Airlines and Virgin Atlantic. Answer (1 of 3): I'll buy some because they're positioned to win the on-demand air transport land grab where the killer application is people in megalopolises like the SF Bay Area having both affordable houses and short commutes. Joby isn't the only air taxi developer to make big projections to SPAC investors about its future financial performance: California's Archer Aviation, which struck a deal in February to merge . “Aviation connects the world in critically important ways, but today it does that at the expense of our planet,” said JoeBen Bevirt, founder and CEO at Joby. 0:00 Start0:30 Joby Aviation3:27 Archer Aviation5:15 Will I invest into Archer Spac? Earlier in 2020, Joby Aviation announced it would acquire the Uber Elevate brand. Founded in 2009 by CEO Joe Ben Bevirt, the . In the decade since its founding, Joby has raised more than $800 million in private funding. Reinvent Technology Partners said shareholders voted to approve the business combination with Joby Aviation, which is developing an all-electric, vertical take-off and landing aircraft. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger. For starters, Joby Aviation has recorded more than 1,000 successful test flights, including a record 154-mile flight flown back in July of this year. The eVTOL aircraft developer announced the deal in February . Joby is the latest aviation start-up to pursue SPAC dealings. Archer seems determined to follow in the "air turbulence of Joby" by forging ahead with its own SPAC merger plans with Atlas Crest Investment (ACI) amidst the on-going controversy of its litigation suit with rival Wisk Aero. Joby Aviation is set to go public through a SPAC merger, valuing the company at an equity value $6.6 billion. Required fields are marked *. At this point, no blank-check companies have been named. © 2021 E4TP. The combined company, which will be listed on . Joby Aviation, the eVTOL startup that acquired Uber's flying car division late last year is set to go public by merging with Reinvent Technology Partners, a SPAC . It's a faster, cleaner, and smarter way to carry people through their lives. For unfamiliar investors, consider Joby one of the poster children for the next generation of transportation. Despite growing regulatory scrutiny, fading interest among some investors and the cautionary tales of blockbuster deals gone awry, futuristic startups from EV battery makers and satellite launchers continue to flock to the SPAC space, hoping to raise outsized funding on the public market quickly and without the high cost and long wait of an traditional IPO. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. Blade SPAC merger will be the Uber of the skies. Share A-A + 100%. The latest company reportedly seeking to go public via a SPAC deal is electric vertical takeoff and landing (VTOL) startup Joby Aviation, Reuters reports. So what else should you know about the business ahead of a potential Joby Aviation SPAC merger? Joby isn't the only air taxi developer to make big projections to SPAC investors about its future financial performance: California's Archer Aviation, which struck a deal in February to merge . The deal nets Joby $1.6 billion and values the company at $6.6 billion. Joby's Wall Street Manifesto Makes the Case for Its Merger with Spac Pack Reinvent. The deal, which gives JOBY an implied pro forma equity value of approximately $6.6 . Solid Power produces rechargeable batteries for automobiles as well as mobile power markets. Joby Aviation RTP, the electric-aircraft ride-sharing provider, was higher after . Solid Power, an electric-vehicle battery maker backed by Ford Motor and BMW, will go public by merging with Decarbonization Plus Acquisition Corp III in a deal that values the combined entity at around $1.2 billion. Air taxi service Joby Aviation is now a public company after wrapping its merger with a special purpose acquisition company (SPAC), also known as a blank check company. The deal will value the combined company at $6.6 billion. The California aviation startup is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter who asked to remain anonymous because the . Amol Rajput August 11, 2021. Joby users will be able to book flights via the Uber app. By Chris Stonor. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. The SPAC merger, which is expected to close in the second quarter, will arm Joby with $1.6 billion in cash. Another key detail? The deal is expected to be officially announced in the coming weeks. And in the meantime, add EXPC stock to your watch list. The SPAC, Reinvent Technology . Below are steps you can take in order to whitelist Observer.com on your browser: Click the AdBlock button on your browser and select Don't run on pages on this domain. Here are the top players to watch: Vertical Aerospace, a U.K. startup making electric vertical-takeoff-and-landing (eVTOL) aircraft, plans to go public through a merger with the NYSE-listed SPAC Broadstone Acquisition Corp. valuing the combined company at $2.2 billion. Reinvent Technology Partners (NYSE: RTP), the blank check company (or, SPAC) helmed by LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus may acquire Joby Aviation, a company developing the next-generation, electric-powered vertical takeoff and landing (eVTOL) flying air taxis. Closing this business combination accelerates Joby’s roadmap, and we look forward to supporting JoeBen and Joby’s world-class team in executing on their vision.” Startup Savant reported last month that Joby Aviation had plans for an initial public offering (IPO) for 2021. It expects the PIPE to total $835 million. It certainly seems like a great bet, but we want your take. Stocks of electric aircraft manufacturers Joby Aviation After the company's SPAC merger, it started trading at $ 10.62 on the first day of trading on the New York Stock Exchange, and then surged by more than 20%. This is our generation's moonshot moment, and at Joby we're proud to be leaning in." This transaction values Joby as a $4.5 billion enterprise, with . Joby is the latest electrically powered transportation company that plans to go public via a Spac at an early stage in its development and despite having no sizeable revenue. Urban air mobility company HT Aero has just revealed “urban…, DHL Express plans to build the world’s first electric air…, HSVTOL technology blends the hover capability of a helicopter with…, Your email address will not be published. following announced SPAC agreements including Archer Aviation and Joby Aviation. Joby Aviation has spent the last ten years developing an all . Furthermore, the funds raised from the transaction will provide Joby essential capital needed to progress the companies vast expansion plans. We get it: you like to have control of your own internet experience. Reinvent Technology Partners (NYSE: RTP) announced a merger with Joby Aviation on Wednesday morning, allowing them to list on the NYSE. So what do you need to know now about a potential Joby Aviation SPAC merger? Joby Aviation has declined to comment on a Reuters report that the eVTOL aircraft developer plans to go public through a merger with a so-called special-purpose acquisition company (SPAC). Wallbox will list on NYSE under the ticker symbol “WBX.”, Get the latest in Arts, Entertainment and Innovation delivered to your inbox daily. Notable deals announced recently include U.K. air taxi startup Vertical Aerospace’s $2.2 billion merger with Broadstone Acquisition Corp., electric vehicle maker Solid Power’s $1.2 billion merger with Decarbonization Plus Acquisition, and Spanish EV charger maker Wallbox’s $1.5 billion deal with Kensington Capital Acquisition to list on NYSE. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative […] Joby Aviation started selling supporting the ticker "JOBY" next joining with Reinvent Technology Partners, a SPAC run by LinkedIn co-founder Reid Hoffman and Zynga founder Marc Pincus. Although there are not too many details available now, Joby says it hopes to release an all-electric, zero-emission aircraft by 2023 for ride-hailing use. About a dozen of SPAC mergers worth over $1 billion were announced in the past month alone. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger. Electronic air taxi start-up Joby Aviation surges in trading on NYSE after SPAC merger Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. Shares of electric aircraft maker Joby Aviation surged more than 14% in their first day of trading on the New York Stock Exchange after its SPAC merger. When is the Joby Aviation IPO Date? It’s reportedly near an agreement to merge with Gen Acquisition II, a SPAC co-led by a former Goldman Sachs banker. However, the SPAC merger rumors are still exciting. We have been working for over a decade to get our technology ready for market and are excited to take this moment to celebrate our achievements so far. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger.. This is at a $10 per share PIPE subscription price. Joby Aviation closes merger with SPAC and goes public. Investors may soon be taking to the skies thanks to Joby Aviation. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. Joby Aviation will begin trading on NYSE after SPAC merger. The deal will value the combined company at $1.2 billion. Founded . Click the AdBlock Plus button on your browser and select Enabled on this site. Shares in Reinvent Technology Partners then flatlined at $10.03, with 62% of . The deal gives Joby Aviation a pro forma valuation of $6.6 billion. Joby intends to begin operations as a commercial… SPAC Merger SPAC Said to be Circling Joby Aviation LinkedIn co-founder Reid Hoffman and Zynga co-founder Mark Pincus's SPAC Reinvent Technology Partners is nearing a deal to merge with flying taxi developer Joby Aviation, the Financial Times reports. Aurora's co-founders came from Google, Tesla, and Uber Founded in 2017 . In addition, Uber invested $75 million in Joby. Tritium, an Australia-based company making fast electric vehicle chargers, plans to go public in the U.S. through a merger—also with Decarbonization Plus. The Bottom Line - Joby Aviation stock forecast . Joby sees its aircraft as ‘air taxis’ and sees them as a viable option for short-haul travel in the not-so-distant future. Joby Aviation is close to a deal to go public via a merger with blank-check company Reinvent Technology Partners (NYSE: RTP) in a deal that will value the eVTOL developer at $5.7 billion, according to the Financial Times. RTP has since changed its name to “Joby Aviation, Inc” and began trading on the NYSE yesterday using the ticker symbols “JOBY” and “JOBY WS.”. Joby, which runs offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington DC and Munich, Germany, had a fruitful first day on the NYSE, to say the least. Joby Aviation is a California-headquartered transportation company developing and manufacturing an all-electric, vertical take-off and landing aircraft which we intend to operate as a commercial passenger aircraft beginning in 2024. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. One day, he hopes to own his very own aircraft, preferably an electric one. Will you be investing in Joby Aviation? Yet, the allure of the skies keeps pulling him back in. The post-equity business valuation of the company is reported at $6.6 billion. Leave us a comment down below. Today, inside sources shared that Joby has hired investment banks to solicit offers from special purpose acquisition companies. Joby Aviation’s eVTOL aircraft can travel 150 miles on a single charge and can carry four passengers (and a pilot) at speeds of up to 200mph. However, InvestorPlace analyst Luke Lango is bullish on Blade. Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger. But advertising revenue helps support our journalism. Joby Aviation to List on NYSE Through Merger With Reinvent Technology Partners Share Santa Cruz, CA, Feb 24, 2021 — Company has spent more than a decade developing piloted, all-electric, vertical takeoff and landing passenger aircraft, with over 1,000 test flights conducted to date Joby executives have also not confirmed the news. Powered by six electric motors, our aircraft takes off and lands vertically, giving us the flexibility to serve almost any community. Joby Aviation completed its SPAC merger with "Reinvent Technology Partners" on August 11th in a deal valuing the company at a $4.5 billion enterprise value including $1.6 billion in cash on its . When he’s not penning a few pieces for E4TP, Alex mostly spends his time either with his young family or in his businesses. Hyzon Motors is a spin-off from Singapore-based Horizon Fuel Cell Technologies. Alex likes aircraft a lot. After studying for his degree in Aeronautical Engineering, he started working in people services related to engineering and education. Joby Aviation takes flight into the public markets via a SPAC merger Joby Aviation has spent a more than a decade developing an all-electric, vertical take-off and landing passenger aircraft. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger. Air taxi company Blade Urban Air Mobility agreed to merge last month with Blade, Experience Investment Corp, driving up . #nyse #experiencesquare #eVTOL @NYSE pic.twitter.com/XlpxXiA1Pa, — Joby Aviation (@jobyaviation) August 11, 2021, “By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. Having traded just below $10 since mid-April, the stock spiked to $10.50 on 9 August. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Joby Aviation's electric aircraft Source: Joby Aviation Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger. — Joby Aviation (@jobyaviation) August 11, 2021 "By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. A merger would value Joby at $5.7 billion. Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs Did you miss the SPAC merger news this week? Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger.. The post-equity business valuation of the company is reported at $6.6 billion. They're leasing . “With its advanced technology, we believe Joby is ‘Tesla meets Uber in the air’ and the clear leader in the eVTOL and aerial ridesharing space. In conclusion, the completed merger looks to provide investors another entry point into the eVTOL industry. Founded in 2009 by CEO JoeBen Bevirt, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to traditional planes or helicopters for short hops. The transaction - which is expected to close by the end of Q2 2021 - gives the combined company a $6.6 billion post-money valuation, with […] Shares of electric aircraft maker Joby Aviation surged more than 14% in its first day of trading on the New York Stock Exchange after its SPAC merger. Like us on Facebook to see similar stories, Testimony in Charlottesville Unite the Right civil trial wraps up, Paulson Appeals to Yellen, Lee Sees Taiwan Risks: NEF Update. The SPAC merger, which is expected to close in the second quarter, will arm Joby with $1.6 billion in cash. Having traded just below $10 since mid-April, the stock spiked to $10.50 on 9 August. Created by Canny Creative and RocketList. Show full articles without "Continue Reading" button for {0} hours. It’s now headquartered at a former General Motors facility in Honeoye Falls, New York. Your email address will not be published. Generating Revenue : Joby announced that it has begun generating revenue as part of achieving another major milestone in the Agility Prime program. According to the company, this business model offers a greener and quicker alternative to driving. Ride-hailing company Uber is another name synonymous with Joby Aviation whenever the prospect of aircraft options on the app is mentioned. Joby completed a deal with Reinvent Technology Partners, a special purpose acquisition company whose shares were . Joby Aviation, a startup that has spent a more than a decade developing an all-electric, vertical take-off and landing passenger aircraft, will become a public company through a merger with . The company showed footage . Like Joby, the transaction is expected to be finalized in the second quarter. Shares of electric aircraft maker Joby Aviation surged more than 20% after opening at $10.62 in their first day of trading on the New York Stock Exchange after the company's SPAC merger.. Air taxi startup Joby Aviation (JOBY) is going public via a SPAC merger with Reinvent Technology Partners (RTP). Joby Aviation: $6.6 billion. Reinvent in an 8-K filing said 42,841,230 shares were redeemed ahead of the vote, more than half the SPAC's IPO. Unlike a traditional IPO process, Joby Aviation will enter the public market via a reverse merger with a special purpose acquisition company (SPAC). Now it seems that a Joby Aviation SPAC merger is around the corner. Iris Dorbian - 11 August 2021. — Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of RTP. Joby Aviation will merge with special purpose acquisition company Reinvent Technology Partners (RTP) in a deal that provides the Santa Cruz-based eVTOL developer with approximately $1.6 billion in cash, resulting in a post-money valuation of $6.6 billion. Joby Aviation and RTP SPAC merger. Sarah Smith is a Web Content Producer with InvestorPlace.com. A deal for Joby would come on the heels of another SPAC deal in the sector. Joby Aviation, widely considered the leader in eVTOL technology, will go public via merger . The California startup Joby Aviation, one of the leaders in the race to field an electric air taxi, will go public through a reverse merger with Reinvent Technology Partners, a $690 million . On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. Joby Aviation is now the first US-based eVTOL company listed on the New York Stock Exchange (NYSE). As he tells it, EXPC stock and the Blade SPAC merger will be the Uber of the skies. By. On its way, it also picked up flying taxi assets from ride-hailing leader Uber (NYSE:UBER). Joby Aviation, a startup that has spent a more than a decade developing an all-electric, vertical take-off and landing passenger aircraft, will become a public company through a merger with Reinvent Technology Partners, a special purpose acquisition company from well-known investor and LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. German aviation start-up Lilium has agreed to go public through a merger with Qell . A SPAC is a blank-check . So what should you do here?

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