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Joby Aviation explores acquisition of helicopter ride-share Blade; shares surge

Published 04/08/2025, 09:50
© Reuters.
BLDE
-1.14%
JOBY
-2.36%

Investing.com -- Blade Air Mobility shares jumped as much as 27% in premarket trading on Monday after news emerged that Joby Aviation (NYSE:JOBY) is exploring an acquisition of the helicopter ride-share operator.

Joby Aviation shares also rose as much as 3.1% in premarket trading following reports of the potential deal, according to people familiar with the matter.

JPMorgan analyst Bill Peterson stated that "a potential acquisition could be net-positive for both parties given the strategic alignment." He noted that "it is unclear if Joby would invest in the Medical (TASE:BLWV) business or sell off the asset if Joby is interested in acquiring Blade as a whole entity."

Blade Air Mobility is scheduled to report its financial results later this week. Prior to Monday’s premarket surge, Blade shares had fallen 11% this year.

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