Electric Air Taxis Go to War After $500M Defense Side Hustle
KEY POINTS
- •Joby Aviation plans a $500 million acquisition of Dayton defense firm Resonant Sciences to grow its military presence.
- •The deal involves $450 million in cash and $50 million in equity, with closing expected in early 2027.
- •Post-acquisition, Resonant will become Joby’s defense division while the commercial team pushes air taxis later this year.
Joby Aviation, the hopeful 'Uber of the skies,' is doubling down on military muscle by shelling out a whopping $500 million to acquire Dayton, Ohio's Resonant Sciences. Their payment plan? $450 million cash plus $50 million in equity, which frankly sounds like someone maxed out their corporate credit cards but still wants to look good. Expected to complete in early 2027 — a solid two-year nap from now — the deal segregates the future into 'defense division' and 'commercial air taxi division,' the latter still pushing flying cars that may finally buzz later this year, if those pesky skies cooperate. All aboard the eVTOL military-industrial-complex express!
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(1 of 3)When your electric air taxi company buys a $500 million defense firm and says, 'Don't worry, your sky Uber's still on schedule... in two years.'
Joby Aviation is now the only company hoping to sell flying taxis while building military jets in the same breath—multitasking like a pro.
Why settle for electric taxis when you can have a side hustle making stuff to fight wars? Welcome to Joby's corporate juggling act.
Source: Theverge | Published: 8/11/2026 | Author: Andrew J. Hawkins
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