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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 widening Q2 net losses but holds $1.2 billion in cash and made significant strides in FAA certification, including the first flight of its production-conforming eVTOL aircraft.
  • Virgin Galactic successfully launched its first commercial space tourism flight, "Galactic 02," carrying three paying customers and achieving several notable firsts in spaceflight.
  • Battle Creek Executive Airport secured $7 million in state funding to develop a 200-acre drone park, aiming to attract advanced air mobility manufacturing and operations to Michigan.
  • Samson Sky is bringing its Switchblade flying car to market as an experimental kit-built aircraft, allowing owners to construct 51% of the vehicle to potentially expedite FAA certification.
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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