Stock Can Make You Millionaire

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Stock Can Make You Millionaire

This Stock Can Make You A Millionaire

Joby Aviation operates in the aviation industry and has big ambitions. The company wants to make flying taxis or eVTOL aircraft, to be more precise.

These electric-powered flying taxis could help commuters avoid congested urban streets. In theory, the idea looks really cool, but it remains to be seen if it will turn out to be a big thing or not.

eVTOL Market Will be Worth $9 Trillion By 2050

Normally, what takes an hour on the road can easily be turned into a 10-minute ride on the eVTOL. Probably, that's one of the reasons why Morgan Stanley also said the eVTOL market will be worth $9 trillion by 2050.

However, Joby Aviation is also facing competition from Archer Aviation (ACHR). Both companies are trying to win the regulatory approval, but it appears that Joby might win the race.

Another piece of good news is that Joby has also partnered with Uber. So, when the flying taxis become a reality, Uber could start using Joby's fleet.

Also, Archer's approach is to outsource the production of aircraft components. On the other hand, Joby wants to build them in-house and have more control. Over the long run, Joby's approach could give it improved margins and better control over its economics.

As of now, Joby's market cap is $10.5 billion, and it has no meaningful revenue. If Joby manages to reach the same market cap as Uber ($155 billion), it would mean 15x growth in the stock price.

This means a $67000 investment in the Joby stock can turn it into a $1 million investment. So, for those who are willing to invest for the long-term and can handle some risk, Joby can be a good stock to consider.

But anyone who is investing in Joby must also understand that it is operating in a new industry. No one knows if people will really turn to using the eVTOL for moving around, or they will stick to the good old cars.

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