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1 eVTOL STock to Buy Before the First Paying Passenger Takes Off

2026-10-15 14:57 •Steven Porrello •The Motley Fool Positive Axe Cap view: Selective •Equities•Earnings•M&A •JOBY

Axe Cap view

Contemplating Joby Aviation: High Hopes in eVTOL with Rand Risks

Joby Aviation’s eVTOL push looks promising but remains a distant bet for South African investors.

Joby Aviation’s strides toward commercial electric air taxis have caught the eye of growth investors worldwide. Logging over 50,000 testing miles and snapping up Blade Air Mobility’s helicopter operations to boost early revenue are solid progress markers. But from a South African standpoint, this story is more about currency risk than direct opportunity. The share price will largely hinge on global tech sentiment and FAA milestones, not local fundamentals. The rand’s known bouts of weakness against the dollar (USD/ZAR) could amplify volatility for South African investors exposed to Joby. Closer to home, our market remains grounded with traditional plays like Naspers or MTN offering more immediate visibility and cash flow. Joby’s ambitious roadmap could deliver outsized gains but the runway to profitability is long and uncertain. Investors should buckle up, and be ready for turbulence. this is just our opinion and not financial advice

How I would invest

Wait on Joby Aviation due to high risk and currency exposure; focus instead on established JSE names with clearer earnings prospects. Keep an eye on USD/ZAR moves as a signal to reassess.

What I would watch
  • JOBY
  • USD/ZAR
  • Naspers
What could go wrong
  • FAA certification delays
  • USD/ZAR volatility
  • broader tech sector sell-offs
How strongly I feel

5/10

Joby Aviation is positioned as a leading eVTOL (electric air taxi) company with potential to carry paying passengers before the end of 2026. The company has logged over 50,000 miles in testing, acquired Blade Air Mobility's helicopter business for immediate revenue ($36M in Q2 2026), and is progressing through FAA type certification. While speculative and risky, the stock could see significant gains if the company successfully launches commercial eVTOL operations.

Our take is based on reporting first published by The Motley Fool.

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