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SPACs Give Life to Air Taxis Posted on 02/24/2021 What could go wrong with zero-revenue air taxi companies? Founded in 2009, Joby Aviation is a California headquartered transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as a fast, quiet, and affordable air taxi service beginning in 2024. Joby Aviation intends to operate as a commercial passenger aircraft beginning in 2024. Joby Aviation has entered into a definitive business combination agreement with Reinvent Technology Partners (NYSE:RTP), a special purpose acquisition company that takes a “venture capital at scale” approach to partnering with bold leaders and companies. Upon the closing of the transaction, the combined company will be named Joby Aviation, and become publicly traded, with its common stock expected to be listed on the New York Stock Exchange.

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