Joby Aviation (JOBY -0.78%) is moving toward approval of its electric vertical take-off and landing (eVTOL) aircraft late this year or early next year, which could open up innovative new business models. In this video, Travis Hoium explains the point-to-point business being built today, along with how there's upside from the military and airline deals.

*Stock prices used were end-of-day prices of March 3, 2025. The video was published on March 4, 2025.