Blade Exits Air Taxi Space, Sells Unit To Joby To Focus On Medical Logistics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 04 2025
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Source: Benzinga
Blade Air Mobility Inc. Sells Passenger Business: Blade is offloading its passenger transportation operations to Joby Aviation for up to $125 million, allowing it to focus on medical air transport and logistics, rebranding as Strata Critical Medical.
Joby's Strategic Acquisition: The acquisition provides Joby with access to urban aviation infrastructure and a base of over 50,000 annual fliers, supporting its commercial rollout in Dubai and enhancing its presence in the defense sector through partnerships.
Analyst Views on XTN
Wall Street analysts forecast XTN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XTN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 99.720
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Current: 99.720
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
