Transcript
A (0:00)
Study and play come together on a Windows 11 PC and for a limited time, college students get the best of both worlds. Get the Unreal College Deal everything you need to study and play with select Windows 11 PCs. Eligible students get a year of Microsoft 365 Premium and a year of Xbox Game Pass ultimate with a custom color Xbox wireless controller. Learn more@windows.com studentoffer while supplies last ends June 30th terms at aka mscollegepc ready to soundtrack your summer with Red Bull Summer All Day Play? You choose a playlist that fits your summer vibe the best. Are you a festival fanatic, a deep end dj, a road dog, or a trail mixer? Just add a song to your chosen playlist and put your summer on track. Red Bull Summer All Day Play Red Bull gives you wings. Visit red bull.com brightsummer ahead to learn more. See you this summer. Hey everyone and welcome back to the Rich Habits Radar, our Friday episode of the Rich Habits podcast, where every Friday morning we're coming at you with the biggest headlines impacting you and your money. This episode is brought to you by vcx, the public ticker for private tech. My name is Austin Hankowitz. I'm joined by my co host Robert Croak, and the three things sitting at the top of our Rich Habits Radar this week include Joby Aviation's flight from JFK to Manhattan, OpenAI missing their internal revenue targets, and Jerome Powell's last FOMC meeting. The end of an era. And be sure to stick around to the end where we talk about Starbucks's turnaround story. Shout out Mr. Beast. All right, Robert, let's dig into our first story.
B (1:40)
That's right, Joby Aviation completed the first ever point to point electric air taxi demonstration flights in New York City's history. Taking off from JFK International Airport and flying over to Brooklyn and landing at heliports in Midtown and in Lower Manhattan. The whole trip under 10 minutes. Which is just crazy considering what you and I went through recently. Austin in our Ubers, sitting for that same trip for like 90 minutes. Under 10 minutes. The same route by car averages 60 to 120 minutes depending on traffic. So this is a big step forward for Joby.
A (2:17)
This isn't some concept video or a press release with some renders and some ideas. This is real. This was a real aircraft. An egg shaped cabin with six tilt rotor propellers, full electric, zero operating emissions that took off vertically like a helicopter does. From jfk, it transitioned to forward flight in the touchdown at the West 30th Street Heliport in Midtown only 14 minutes later.
B (2:43)
Yes, these flights are part of the FAA's EVTOL integration pilot program known as EIP, which was established by an executive order from Donald Trump last June and formally launched in March of 2026. The Department of Transportation eight pilot programs across 12 states. And Joby was named as a partner in five of those 12 programs.
