Joby Aviation's Dubai Launch Is the 1 Catalyst That Could Reverse a 73% Drop. Here's the Timeline -- and the Risk.

Joby Aviation's stock has fallen 73% from its 52-week high, but the company's planned commercial air taxi service launch in Dubai before year-end 2026 could be a major turning point. With an exclusive six-year operating agreement with Dubai's Roads and Transport Authority and plans for four vertiports, Joby aims to demonstrate its business model works. However, success depends on regulatory approvals, operational readiness, and infrastructure completion, with delays potentially pressuring shares further.