Institutional data shows an uptick in hedge fund positions on Joby stock in early June Joby and Archer may find some success selling their vehicles directly to buyers like airlines, but the notion of creating a large-scale urban air taxi network faces considerably more hurdles than investors are acknowledging. Joby Aviation's rapid ascent and strategic expansions are poised to create both significant winners and potential losers across the aerospace, defense, and urban transportation sectors. Among the clear winners are Joby Aviation ( NYSE: JOBY ) itself, which benefits directly from increased market valuation, enhanced brand credibility, and a strengthened position for its commercial launch. Its strategic partners, such as Delta Air Lines ( NYSE: DAL ) , which invested $60 million in Joby in October 2022 with plans for "home-to-airport" flights, stand to gain a first-mover advantage in offering premium, rapid air taxi services to their customers, potentially differentiating their travel experience significantly. Toyota ( NYSE: TM ) , a key investor and manufacturing partner, also stands to win by diversifying its automotive interests into advanced air mobility and leveraging its manufacturing expertise to scale eVTOL production. The partnership with L3Harris Technologies ( NASDAQ: LHX ) creates a new, independent revenue stream for L3Harris in the defense sector, while also allowing them to integrate cutting-edge eVTOL technology into their portfolio. Joby stock forecast shows a mixed but cautiously optimistic outlook for Q3 2024, with analysts projecting a potential 12–18% upside if FAA certifications progress as expected. The EV air taxi sector remains volatile, influenced by regulatory milestones and broader Nasdaq tech sentiment.