Is Joby Aviation Stock a Millionaire Maker?

2 hours ago 2

David Jagielski, CPA, The Motley Fool

Sat, April 18, 2026 astatine 12:20 PM CDT 3 min read

The electrical vertical takeoff and landing (eVTOL) marketplace has the imaginable to beryllium huge. Flying aerial taxis could easiness congestion successful large cities and beryllium an breathtaking caller mode for radical to get around. Getting successful aboriginal and investing successful up-and-coming companies successful the abstraction whitethorn pb to important returns aboriginal on.

Joby Aviation (NYSE: JOBY) is 1 of the big, aboriginal players successful the eVTOL abstraction today. Its marketplace headdress is astir $9 billion, but its valuation has been coming down; this year, its shares person fallen by 30% and are down astir 56% from their 52-week highs. With a reduced terms and tremendous maturation prospects, could an concern successful this promising eVTOL banal 1 time turn to beryllium worthy $1 million?

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A vertical take-off and landing flying wrong   a city.

Image source: Getty Images.

According to Grand View Research, the planetary eVTOL marketplace was worthy conscionable $1.35 cardinal successful 2023. But by the extremity of the decade, it could beryllium worthy arsenic overmuch arsenic $28.6 billion. That translates into a compounded yearly maturation complaint of 54.9%, representing a staggering accidental for Joby and different eVTOL companies to pat into.

The manufacture is successful its aboriginal stages, and Joby hasn't commenced operations conscionable yet, but it hopes that volition alteration soon. CEO JoeBen Bevirt believes this twelvemonth volition beryllium an "inflection point" for the concern arsenic it expects to transportation its archetypal passengers successful the United Arab Emirates. It has besides been making advancement toward certifying its craft successful the U.S., and if that happens soon, that would beryllium a immense milestone for the business.

By the extremity of the decade, the full eVTOL marketplace mightiness beryllium worthy conscionable nether $29 cardinal -- that's a small much than 3 times Joby's existent marketplace headdress of $9 billion. Investors person already priced the banal high, and adjacent though it's travel down a spot this year, determination whitethorn inactive beryllium important downside risk.

There are excessively galore question marks astir the concern contiguous and the full manufacture to beryllium assured that Joby tin so beryllium a millionaire-making stock. I'm not definite if it could adjacent beryllium a 10-bagger fixed its inflated valuation. It could marque for an intriguing maturation banal to buy, if you're comfy with the hazard and uncertainty that comes with it, but you whitethorn privation to temper your expectations fixed that the banal truly isn't each that cheap.

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