Wow that is a cool story. They are no joke. Look at these
highlights, not to mention they have a five year lockup for sponsor
shares, some of them not vesting until the company is worth $30
billion. Unheard of stuff. Here's some more of note:
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
Intends to operate clean, quiet and affordable air taxi service
starting in 2024
First company to agree certification basis for an eVTOL
aircraft with FAA
First company to be granted airworthiness approval for an eVTOL
aircraft by U.S. Air Force
Company has strategic partnership with Toyota for production
and recently acquired Uber Elevate
Transaction values combined company at $6.6 billion post-money
equity value, and is expected to provide approximately $1.6 billion
in gross proceeds
Includes $910 million of fully committed funding (inclusive of
an $835 million fully committed PIPE) anchored by strategic
partners and institutional investors including Uber Technologies,
Inc., The Baupost Group, funds and accounts managed by BlackRock,
Fidelity Management & Research LLC and Baillie Gifford
I also came to realize, before moving to Joby he co-founded
Pinterest. So, being worth several billion already, the money from
Joby is relatively meaningless to him, especially since he has
pledged to give half his net worth away to charity.
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Wow that is a cool
$SPX after the week we have had, I will take ...
Posted by fundamentalvalues on 5th of Mar 2021 at 07:06 pm
Wow that is a cool story. They are no joke. Look at these highlights, not to mention they have a five year lockup for sponsor shares, some of them not vesting until the company is worth $30 billion. Unheard of stuff. Here's some more of note:
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
Intends to operate clean, quiet and affordable air taxi service starting in 2024
First company to agree certification basis for an eVTOL aircraft with FAA
First company to be granted airworthiness approval for an eVTOL aircraft by U.S. Air Force
Company has strategic partnership with Toyota for production and recently acquired Uber Elevate
Transaction values combined company at $6.6 billion post-money equity value, and is expected to provide approximately $1.6 billion in gross proceeds
Includes $910 million of fully committed funding (inclusive of an $835 million fully committed PIPE) anchored by strategic partners and institutional investors including Uber Technologies, Inc., The Baupost Group, funds and accounts managed by BlackRock, Fidelity Management & Research LLC and Baillie Gifford
Barron's Article on Joby Aviation
Posted by steve on 6th of Mar 2021 at 09:47 am
A SPAC Fuels the Takeoff of Electric Air Taxis | Barron's
I also came to realize,
Posted by chartboy on 5th of Mar 2021 at 07:19 pm
I also came to realize, before moving to Joby he co-founded Pinterest. So, being worth several billion already, the money from Joby is relatively meaningless to him, especially since he has pledged to give half his net worth away to charity.