Joby Aviation looks to go public in SPAC deal
January 22, 2021- Share:
Electric air taxi company Joby Aviation has hired banks as it explores a deal to go public by merging with a blank-check company, Reuters reported. Joby was valued at $2.6 billion last year, according to PitchBook data, and is reportedly seeking a valuation of about $5 billion in the potential SPAC deal. In December, the Santa Cruz, Calif.-based company acquired Uber Elevate and sold a $75 million stake in itself to the ridehailing company.
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