NewsMeter
$500 million is the consideration Joby Aviation is paying for Dayton, Ohio-based Resonant Sciences: $450 million in cash and $50 million in Joby common stock, a 90/10 split.
Joby shares fell 6.5% in premarket trading on news of the deal. The transaction is expected to close in the first half of 2027.
Deal terms | Item | Detail | |---|---| | Total consideration | $500 million | | Cash | $450 million (90%) | | Stock | $50 million in Joby common stock (10%) | | Expected close | H1 2027 | | Combined manufacturing space | 1 million sq ft across Dayton region | The structure creates two distinct operating tracks.
The Santa Cruz, California-based parent keeps its commercial eVTOL air taxi program as a standalone business and will continue developing that aircraft independently.
Keep reading