Joby Aviation Shares Decline Following Stock Offering Announcement

Shares of Joby Aviation (JOBY) experienced a significant drop in premarket trading on October 8, 2025, following the company’s announcement of a substantial stock offering. The electric air taxi developer saw its shares fall to $16.95 at 5:47:32 AM EDT, representing a 10.39% decline from the previous close of $18.91. This drop followed a premarket decline on October 7th when the company revealed plans to raise capital through an underwritten offering, leading to concerns about dilution of existing stockholders’ equity.