Reinvent Technology Partners (RTP) to Combine with Joby Aviation in $4.6Bn Deal

Reinvent Technology Partners (NYSE: RTP) announced this morning that it had entered into a definitive agreement to combine with electric vertical takeoff and landing (“eVTOL”) company Joby Aviation at an enterprise value of $4.629 billion, which is 2.3x EV/2026E Revenue. Founded in 2009, Santa Cruz, CA based Joby Aviation is a transportation company developing an all-electric
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