One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal that would value the electric plane manufacturer at nearly $5.7 billion.
News of a potential deal comes on the heels of another big SPAC transaction in electric planes (for Archer Aviation). If the Financial Times’ reporting is accurate, then that would mean the two will soon be publicly traded at a total value approaching $10 billion.
  • TechCrunch
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  • Originally published February 12, 2021