Joby Q2 Net Loss Widens as eVTOL Manufacturer Gears Up for Certification
The company’s net loss skyrocketed, but its strong cash position and continued certification progress keep it on track for a 2025 launch.
The company’s net loss skyrocketed, but its strong cash position and continued certification progress keep it on track for a 2025 launch.
Flying car manufacturer’s A5 can drive like an automobile, take off from the runway like an airplane, or ascend vertically like a helicopter.
Elon Musk and SpaceX continue to provide hopeful updates on the next Starship flight, but red tape may delay the launch.
Event includes coordination with the FAA, TSA, Secret Service and others.
The existing Congressional prohibition on regulating commercial human spaceflight is set to expire in October.
Company expects aircraft to be the first electric model to receive FAA Part 23 certification.
The first DA50 was delivered at EAA AirVenture on Tuesday.
Under the agency’s new proposed guidelines officially published Monday, most of the current regulatory limitations on light sport aircraft would be removed.
Soon, helicopters and powered-lift aircraft may be certificated as light sport aircraft, and pilots, instructors, and repairmen may gain new privileges.
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