SCHEDULE 13G/A: Baillie Gifford & Co. Discloses Significant 6.8% Stake in Joby Aviation

Investment adviser Baillie Gifford & Co. has reported a 6.8% beneficial ownership stake in Joby Aviation, Inc., holding over 53 million shares as of March 31, 2025.

Summary

• Baillie Gifford & Co., an investment adviser based in Scotland, UK, has filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Joby Aviation, Inc.
• As of March 31, 2025, Baillie Gifford & Co. beneficially owns an aggregate of 53,877,308 shares of Joby Aviation's Common Stock.
• This ownership represents 6.8% of the class of securities.
• The firm holds sole voting power over 30,293,507 shares and sole dispositive power over all 53,877,308 shares.
• The securities are held on behalf of investment advisory clients, which may include investment companies, employee benefit plans, pension funds, or other institutional clients.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While a Schedule 13G is a factual disclosure, the presence of a significant stake by a major institutional investor like Baillie Gifford & Co. can be viewed favorably by the market as a sign of confidence in the company.

Positives

• The disclosure of a significant 6.8% stake by a reputable institutional investor like Baillie Gifford & Co. can be interpreted as a vote of confidence in Joby Aviation's long-term prospects.
• Large institutional holdings often provide a degree of stability to a company's shareholder base.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Joby Aviation.

Industry Context

This filing highlights continued institutional investor interest in the advanced air mobility (AAM) sector, where Joby Aviation is a leading developer of electric vertical takeoff and landing (eVTOL) aircraft. The significant stake by a major investment firm like Baillie Gifford & Co. underscores the potential perceived by large investors in the future of urban air transportation.

Stakeholder Impact

• Shareholders may view this as a positive signal, potentially increasing confidence in the company's stock due to the backing of a large institutional investor.
• The increased institutional ownership could lead to greater scrutiny and engagement from a significant shareholder.

Key Dates

Keywords

Joby Aviation, Baillie Gifford, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Equity Stake, G65163100