Joby jumps to record high on Blade Air passenger business deal; BLDE shares soar

Strata Critical Medical

04/08/2025 14:49

Updates to market open

** Joby Aviation's JOBY.N shares recently up 17.1% to $20.10 and hit record high early Mon after co said it would buy helicopter ride-share firm Blade Air Mobility's BLDE.O passenger business for up to $125 mln

** BLDE shares up 29% to $4.86, about a 7-month high, on the session

** Blade's medical organ transplant division not part of the deal and will remain a separate public co rebranded as Strata Critical Medical, but will partner with Joby on medical transportation

** Meanwhile, Joby working to win Federal Aviation Administration certification of its electric vertical takeoff and landing aircraft or eVTOLs

** With move on Mon, JOBY shares up >140% YTD giving them current market cap of roughly $17 bln, per LSEG data

** BLDE shares now up ~15% in 2025 for current market value of about $380 mln

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))