US stocks surge | Blade Air Mobility (BLDE.US) surged nearly 29% in pre-market trading, with its passenger business receiving a $125 million investment from Joby (JOBY.US) for acquisition.

According to the Wise Finance APP, electric air taxi manufacturer Joby Aviation (JOBY.US) has confirmed its intention to acquire Blade Air Mobility's (BLDE.US) passenger business for up to $125 million in the form of company stock or cash. The deal is expected to be completed in the coming weeks. Following the announcement, Joby's stock rose by approximately 5% in pre-market trading, while Blade's stock surged by nearly 29%.