Joby Aviation’s NYC Air Taxi Test Flight Is Proving Flying Cars Are Real
Joby Aviation has completed its first New York City air taxi test, signalling that flying cars are moving closer to reality.
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As the song “New York, New York” made famous by Frank Sinatra puts it, if you can make it there, you can make it anywhere.
That’s what Joby Aviation is hoping. Its stock is rising in early trading on Monday following Joby’s announcement that it had completed the first point-to-point air taxi demonstration in New York City. The flight was the first in a week-long series of test flights.
Joby stock rose 6.4% on Monday, closing at $9.04, while the S&P 500 rose 0.1% and the Dow Jones Industrial Average fell 0.1%.
Joby’s aircraft left JFK Airport and landed at multiple sites across the city’s existing heliport network, including Downtown Skyport and the West 30th Street and East 34th Street heliports in Midtown, according to the news release.
The flights are part of the electric vertical takeoff and landing, or eVTOL, Integration Pilot Program, or eIPP, launched by the Transportation Department in 2025 to accelerate the development and adoption of air taxis.
Joby and its peers are working on eVTOLs, which are quieter and easier to operate than traditional helicopters, opening up potential urban air taxi markets. Urban air taxis are why Joby’s products are sometimes called flying cars.
Coming into Monday trading, Joby stock was down 36% year to date, but up 31% over the past 12 months.
Shares have been volatile . Joby doesn’t generate sales yet and trades largely on news flow related to aircraft certification and the start of commercial service in the Middle East. Both are expected in late 2026.
Middle East sentiment appears to be weighing on shares. Joby stock was down about 16% since fighting broke out in Iran.
Wall Street expects the company to post roughly $110 million in sales in 2026. Sales are projected to rise to $1.1 billion by 2029 and $2 billion by 2030. Predicting aircraft certification and demand has been hard for analysts. Three years ago, the 2029 sales estimate was closer to $3 billion.
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BMW has reworked its flagship sedan around Neue Klasse technology, an 8K rear screen and extensive customisation.
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The luxury sedan may no longer dominate the prestige market, but BMW is betting that its most traditional flagship can become the clearest showcase of its newest technology.
The new-generation 7 Series introduces Neue Klasse systems to BMW’s luxury range, combining a fresh design language with upgraded electric hardware and a cabin built around multiple digital surfaces.
The headline interior technology is BMW Panoramic iDrive, supported by the marque’s Operating System X. A passenger display joins the dashboard, while the vast 31.3-inch rear Theatre Screen has been upgraded with 8K resolution, Dolby Atmos capability and integrated video conferencing. It is an unusually literal interpretation of the executive car as a mobile office and private cinema.
Electric i7 variants lead the rollout in some markets. BMW says its sixth-generation cylindrical battery cells improve energy density and range, with the i7 50 xDrive quoted at up to 452 miles on the WLTP cycle in UK specification. Combustion and plug-in hybrid versions remain part of the broader range, allowing BMW to serve markets moving towards electrification at different speeds.
The exterior introduces a more monolithic face, minimalist crystal headlights and an illuminated interpretation of the kidney grille. Buyers who want greater individuality can access an expanded BMW Individual palette with hundreds of possible combinations, including a dual-finish paint process described by the company as a world first.
The model will be produced at BMW Group Plant Dingolfing in Germany, where all drivetrains can be assembled on the same line. That flexibility matters: the upper-luxury segment has global reach, but demand for electric, hybrid and combustion power varies sharply by region.
For Australian buyers, the decisive details remain local. Model mix, pricing, range certification, charging specifications and delivery timing should be confirmed by BMW Australia before publication. Overseas specifications provide the clearest view yet of the car’s direction, but should not be presented as guaranteed Australian equipment.
The latest 7 Series is therefore less a single powertrain proposition than a statement of intent. It argues that the prestige sedan can remain relevant by offering something an SUV struggles to replicate: formal presence, rear-seat theatre and the sense that the entire car has been designed around arrival.
Fact box
Model: New-generation BMW 7 Series/i7
Technology: BMW Panoramic iDrive, Operating System X, passenger display
Rear entertainment: 31.3-inch 8K Theatre Screen with available Dolby Atmos
Production: BMW Group Plant Dingolfing, Germany
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