Electric vertical take-off and landing (eVTOL) company Joby Aviation (NYSE: JOBY) entered 2025 neck-and-neck with its peers, including Archer Aviation (NYSE: ACHR), the UK's Vertical Aerospace (NYSE: EVTL), and Germany's Lilium Aerospace. However, it ended 2025 having massively outperformed Archer and Vertical Aerospace, with its 62.4% rise; meanwhile, Lilium is now insolvent. In addition, the company is entering 2026 in excellent shape.
Joby made progress on several fronts in 2025.
The company is ahead in the Federal Aviation Administration (FAA) certification race, and deals with Toyota, Delta Air Lines, and Uber (all investors in Joby) are helping it prepare to move from research and development toward commercialization. Toyota is assisting Joby with its world-class manufacturing expertise, a crucial requirement for Joby's vertical manufacturing model, which relies on developing its own technology. In contrast, Archer's asset-light approach involves integrating technology and components from established aerospace suppliers.
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