Feb 27, 2021 06:05 PM (GMT+8) · EqualOcean
According to foreign media sources, Joby aviation, a US start-up, will go public through reverse merger with reinvent technology partners, a special purpose acquisition company. The latter is spac, controlled by Reid Hoffman, co-founder of LinkedIn, and mark Pincus, founder of Zynga. After the merger, Joby aviation's company will be valued at $6.6 billion. The cash income of $1.6 billion will provide funds for Joby aviation to develop its urban air taxi service.