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Joby Is Losing Money, but the Milestones Keep Coming

Get an update on Joby, Virgin Galactic, and more in this week's Future of FLYING newsletter.

Joby air taxi
Joby’s production prototype eVTOL, with the preproduction prototype behind it. [Courtesy: Joby Aviation]
Gemini Sparkle

Key Takeaways:

  • Joby Aviation reported a widening net loss in Q2 2023 but made significant progress towards FAA certification for its eVTOL, including the first flight of its production-conforming aircraft and the submission of all certification plans, backed by $1.2 billion in cash.
  • Virgin Galactic successfully completed its first commercial space tourism flight, "Galactic 02," carrying three paying customers to space and marking several historical firsts among its passengers.
  • Battle Creek Executive Airport secured $7 million in state funding to establish a 200-acre drone park, aiming to create an innovation and manufacturing hub for drones and advanced air mobility aircraft in Michigan.
  • Samson Sky's Switchblade, a unique flying sports car designed as an experimental kit-built aircraft requiring owner assembly, achieved record sales and is pursuing a certification path that could accelerate its market entry.
See a mistake? Contact us.

Hello, and welcome to the Future of FLYING newsletter, our weekly look at the biggest stories in emerging aviation technology. From low-altitude drones to high-flying rockets at the edge of the atmosphere, we’ll take you on a tour of the modern flying world to help you make sense of it all.

—Jack Daleo, Modern FLYING staff writer

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.

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