Joby Splits Commercial and Defense VTOL Projects With $500M Acquisition

Joby Aviation has announced a strategic split of its operations, creating two distinct entities focused on both commercial and defense vertical take-off and landing (VTOL) technologies. The company is establishing a new defense division dedicated to developing aircraft for government contracts, marking a significant shift in their operational strategy. This move allows Joby’s core business to concentrate exclusively on the rapid commercialization of its electric air taxi service. A $500 million acquisition will fuel this new defense initiative, supporting the development of specialized VTOL solutions. Ultimately, this restructuring aims to optimize resources and accelerate growth across both sectors within Joby's portfolio.