05:15 PM EDT, 10/07/2025 (MT Newswires) -- Joby Aviation ( JOBY ) plans to sell $500 million in common stock, with the underwriter granted a 30-day option to purchase up to an additional $75 million in shares.

Proceeds will be used to fund certification and manufacturing efforts, as well as general corporate purposes, the company said Tuesday in a statement.

Joby Aviation ( JOBY ) shares fell 8.8% in after-hours trading.