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Joby, Archer Advance Toward FAA Approval as Joby Preps 2026 Dubai Air-Taxi Debut

Markets weigh certification progress against rich valuations, with revenue timing still unclear.

Overview

  • Joby says all aircraft required for FAA Type Inspection Authorization are now in production, marking a concrete step toward certification.
  • The company plans to begin flying its first customers in Dubai this year as it moves to operate an air-taxi service.
  • Joby posted a stronger-than-expected Q4 2025 with lower cash burn, yet shares are down about 22% year to date and the market cap sits near $10 billion.
  • Archer highlights a roughly $6 billion order backlog, a goal of producing about 650 aircraft per year, and its purchase of Hawthorne Airport for testing and a future Los Angeles hub.
  • Both companies pursue final FAA approval and are partnering with Nvidia on autonomous-flight technology using the IGX Thor platform.