Joby Aviation, Inc.

• NS North Sky Capital 4th Quarter 2025 Solar Coaster ↗ North Sky Capital navigated policy disruption and volatile solar-equipment markets by pursuing exits, recycling proceeds into Orenda and Paddle, and advancing new EV-charging and community-solar investments. The firm expects improving M&A conditions and sustained demand for impact secondaries to support liquidity, while electricity demand strengthens the case for solar, storage and renewable fuels. 4th Quarter 2025 TSLA $1.5T

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