Air taxi startup Joby Aviation Inc. plans to double aircraft output capacity at its main production site in California, just weeks after completing piloted test flights in Dubai.

Joby stock continued its rally into Thursday after the electric air taxi maker on Tuesday announced plans to expand operations. Fellow eVTOL maker Archer Aviation is surging. Defense contractor Karman HoldingsKRMN also scrambled higher.

Joby Aviation’s stock jumped more than 10% following manufacturing expansion, reflecting investor confidence as the company eyes a 2026 commercial launch in Dubai . Joby Aviation stock soars as $11b valuation fuels air taxi ambitions .