StocksMedium•7 October 2026•
1 min read
Joby Aviation Fined $116.9M in Trade-Secret Case, Pressuring Air Taxi Stocks
Key Facts
1A federal jury handed a $116.9 million trade-secret verdict against Joby Aviation in favor of Aerosonic.
2Joby shares fell 2% following the verdict, while EHang declined 3% amid broader selling pressure in the air taxi sector.
A federal jury handed a $116.9 million trade-secret verdict against Joby Aviation in favor of Aerosonic. According to 247wallst.com, the ruling follows claims that Joby utilized Aerosonic’s proprietary designs and data to develop in-house versions of air data probes.
Joby shares fell 2% following the verdict, with JOBY closing at $5.78 on October 6, 2026. The selling pressure extended across the air taxi sector as EHang declined 3%, with EH closing at $4.10 on the same date.