Joby Stock Dives After The Bell: Here’s Why – Joby Aviation (NYSE:JOBY)

Joby Aviation Inc (NYSE:JOBY) shares are tumbling in Wednesday’s after-hours session after the company announced a proposed offering.

Joby Proposes Offering Of Common Stock, Convertible Senior Notes

Joby said it intends to offer convertible senior notes due 2032 and shares of its common stock for anticipated proceeds of $1 billion. The company plans to grant the underwriters a 30-day window to purchase additional common stock and notes.

In addition, Morgan Stanley intends to offer shares in a delta offering. The number of shares of common stock in the offering will be determined at the time of pricing. No new shares of common stock will be issued in the delta offering, and Joby will not receive any proceeds.

Joby intends to use a portion of the net proceeds from the note offering to fund the cost of entering into the capped call transactions. The company plans to use the remainder of the net proceeds, together with the proceeds from the common stock offering, existing cash and cash equivalents, to fund its certification and manufacturing efforts and prepare for commercial operations.

Joby had approximately $978.1 million in cash, cash equivalents and investments in marketable securities as of Sept. 30, 2025. The company is due to report earnings again next month.

How To Buy JOBY Stock

By now you’re likely curious about how to participate in the market for Joby Aviation — be it to purchase shares or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.