Those concerns, however, have outweighed several important operational milestones achieved by both companies in recent months. Joby recently converted its relationship with Virgin Atlantic into a binding commercial agreement for future electric air taxi operations in the United Kingdom while advancing through the FAA certification process. Archer, meanwhile, has expanded beyond passenger transportation through its partnership with defense technology company Anduril and continues preparing for commercial Midnight aircraft operations ahead of the 2028 Los Angeles Olympics.
Despite the market’s skepticism, one top investor, known by the pseudonym Stone Fox Capital and ranked among the top 4% of stock pros on TipRanks, remains highly optimistic about where both companies could stand one year from now.
Looking first at Joby, Stone Fox argues investors are placing too much weight on certification uncertainty while overlooking meaningful operational progress already achieved. The investor believes demonstration flights, continued FAA testing, and the Virgin Atlantic agreement have reduced much of the execution risk surrounding the business.
“The key investor takeaway is that Joby Aviation is heading towards starting operations while the stock trades at the yearly lows,” Stone Fox noted.
