Joby shares soared 34.9% in June, according to data provided by S&P Global Market Intelligence, after the company's aircraft took to the skies over Dubai ahead of a commercial rollout.

Joby Aviation ( NYSE: JOBY) announced on Monday that it achieved a historic milestone by successfully completing piloted vertical-takeoff-and-landing wingborne flights of its electric air taxi in Dubai. The development was said to mark the start of its commercial readiness in the region.

DUBAI: Commuters in Dubai may soon take to the skies to avoid traffic, as air taxis edge closer to reality.Joby Aviation this week completed the first test flight of its fully electric air taxi