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This week in Santa Cruz County business: Mixed courtroom results for Joby Aviation; digging into summer tourism numbers
In her weekly look at Santa Cruz County business, Jessica M. Pasko relays how Joby Aviation has fared in the courtroom lately, crunches local summer tourism data and spotlights more names, numbers and dates to know.
Autonomous airplane completes first cross-country flight
The retrofitted Cessna handled taxiing, takeoffs, bad weather, and landings without a human pilot.
This week in Santa Cruz County business: New executive director of Volunteer Center sets out his goals; Joby embarks on national tour
In her weekly look at local business, Jessica M. Pasko reports on Shawn Peterson's focus as he takes over the Volunteer Center of Santa Cruz County from Karen Delaney, Joby Aviation's electric aircraft taking to the skies in Texas and more.
Is Joby Stock Priced For The Wrong Business?
Joby Aviation (JOBY) stock has fallen 49.2% over the trailing twelve months to about $6.84, about 65% below its 52-week high. The shares change hands at 57.0 times sales, against 3.2 for the S&P 500. That multiple is accurate.
This week in Santa Cruz County business: Workbench files pre-application for new housing on site of Seabright business plaza; Joby makes moves in Texas
In her weekly look at local business, Jessica M. Pasko reports on a proposed six-story mixed-use development in Santa Cruz, Joby Aviation's latest maneuvers and names, numbers and dates to know.
Joby to buy Resonant Sciences, establish defense business in $500 million deal
The acquisition will be funded by roughly $450 million in cash and $50 million in Joby common stock and is expected to close "in the first half of 2027," according to a press release.
Joby Aviation builds out defense business with $500M acquisition
Joby Aviation reached an agreement to acquire Resonant Sciences, which will kick off its new defense business.
Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences
Acquisition will significantly expand Joby’s defense business by adding a fast-growing company with established programs, classified capabilities and scaled manufacturing operations` Upon closing, Resonant will become Joby’s dedicated defense business, continuing its existing programs while expanding its portfolio to include Joby’s hybrid aircraft and autonomy technologies. Joby’s commercial aircraft business will remain focused on its electric air taxi initiatives Combination will create immediate opportunities to unite Joby’s dual-use aircraft, propulsion and autonomy technologies with Resonant’s radio frequency (RF), sensing and mission systems capabilities as well as its world-leading expertise in low-observability aircraft design Resonant delivered more than $100 million in trailing-twelve-month revenue, representing approximately 40% year-over-year growth, alongside strong adjusted EBITDA generation, driven primarily by long-cycle programs with the U.S. government, prime contractors and next generation defense technology programs
This week in Santa Cruz County business: Local nonprofit partners to help veterans transition into aviation careers; rental market takes dubious top honors for most expensive in the nation
In her latest business column, Jessica M. Pasko highlights a tricounty nonprofit aiming to give veterans more career opportunities, along with dates to keep in mind and more.
This week in Santa Cruz County business: Joby and Toyota to partner on manufacturing, Driscoll’s faces pesticide backlash, economic woes drive slowdown on local granny units
Jessica M. Pasko gives you the latest in local business news, including Joby Aviation and Toyota expanding their partnership, Driscoll's facing a new class action lawsuit over pesticide use, and upcoming events.
Joby Baker, '60s and '70s staple who acted with Elvis, dies at 92
Actor Joby Baker, who appeared on screen with Elvis Presley and Goldie Hawn, has died at 92.
Flying taxis are racing to carry passengers: I've seen all 3 rivals.
US aerospace startups Joby, Archer, and Beta are in a high-stakes race to bring the "Jetsons'" dream of flying cars to life. Here's how they compare.
This week in Santa Cruz County business: Events aim to boost visitors to Seabright amid latest Murray Street Bridge closure; air corridor project underway; Joby-Archer lawsuit developments
With the Murray Street Bridge set to be closed through September, business owners and community leaders have plans to bring visitors to the neighborhoods around the Santa Cruz Harbor this summer. Jessica M. Pasko's weekly look at local business also includes updates on a project to connect four regional airports, including Watsonville's; legal jabs between air mobility rivals; and plenty more names, numbers and dates to know.
This week in Santa Cruz County business: Joby’s big ride in NYC, training for emerging aviation careers, Java Junction shutters River Street café
Joby's electric air taxi takes Manhattan, a Monterey Bay nonprofit launches a forward-looking job training initiative and the end of the line for a Gateway Plaza coffee spot are all part of Jessica M. Pasko's weekly look at local business.
This week in Santa Cruz County business: Paystand’s new partnership, U.S. trade commission to investigate claims against Joby, Dharma’s cry for help
Jessica M. Pasko's weekly column is back with news of local payments company Paystand partnering with a big name, a U.S. Trade Commission investigation in to Joby Aviation, upcoming dates to know, and more.
Uber expands to air taxis with Joby partnership in Dubai
Uber teamed up with startup Joby to offer air taxi rides in Dubai by the end of the year. The US could be next.
Joby Aviation becomes newest partner of Sharks Sports & Entertainment
Sharks Sports & Entertainment (SSE) announced today a partnership that makes Joby Aviation a proud partner of the San Jose Sharks and naming partner on the new Reimagination Studio. As part of the collaboration, Sharks Sports & Entertainment will work exclusively with Joby Aviation to explore vertiport development in the
Joby Aviation becomes newest partner of Sharks Sports & Entertainment
Sharks Sports & Entertainment (SSE) announced today a partnership that makes Joby Aviation a proud partner of the San Jose Sharks and naming partner on the new Reimagination Studio. As part of the collaboration, Sharks Sports & Entertainment will work exclusively with Joby Aviation to explore vertiport development in the
This week in Santa Cruz County business: Joby lawsuit against Archer Aviation moves to federal court; residents sound off on Catalyst demolition
Jessica M. Pasko's weekly look at local business includes an update on Joby Aviation's suit alleging corporate espionage by a competitor and recaps a contentious meeting on the fate of a downtown Santa Cruz landmark.
This week in Santa Cruz County business: Joby ramps up for 2026, its target year for commercial service launch; looking at businesses that closed in 2025
In her weekly look at local business, Jessica M. Pasko reports on where Joby Aviation stands ahead of what's poised to be a big year for the Santa Cruz-based company, reviews closures around the county and highlights names and dates to know.