Exhibit 5.1
140 Scott Drive | ||||
Menlo Park, California 94025 | ||||
Tel: +1.650.328.4600 Fax: +1.650.463.2600 | ||||
www.lw.com
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FIRM / AFFILIATE OFFICES | ||||
Austin | Milan | |||
Beijing | Moscow | |||
Boston | Munich | |||
Brussels | New York | |||
Century City | Orange County | |||
October 29, 2021 | Chicago | Paris | ||
Dubai | Riyadh | |||
Düsseldorf | San Diego | |||
Frankfurt | San Francisco | |||
Hamburg | Seoul | |||
Joby Aviation, Inc. | Hong Kong | Shanghai | ||
2155 Delaware Avenue, Suite # 225 | Houston | Silicon Valley | ||
Santa Cruz, California 95060 | London | Singapore | ||
Los Angeles | Tokyo | |||
Madrid | Washington, D.C. |
Re: Joby Aviation, Inc. Registration Statement on Form S-1
To the addressees set forth above:
We have acted as special counsel to Joby Aviation, Inc., a Delaware corporation (the Company), in connection with its filing on the date hereof with the Securities and Exchange Commission (the Commission) of a registration statement on Form S-1 (the Registration Statement) under the Securities Act of 1933, as amended (the Act), relating to the registration of the offer and sale from time to time of 98,357,200 outstanding shares (the Resale Shares) of common stock, par value $0.0001 per share (the common stock), of the Company, in each case, by the selling securityholders named in the Registration Statement.
This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus or prospectus supplement (collectively, the Prospectus) other than as expressly stated herein with respect to the issue of Resale Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the DGCL) and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction or, in the case of Delaware, any other laws, or as to any matters of municipal law or the laws of any local agencies within any state.
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, the Resale Shares have been duly authorized by all necessary corporate action of the Company and are validly issued, fully paid and nonassessable.
October 29, 2021
Page 2
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement and to the reference to our firm contained in the Prospectus under the heading Legal Matters. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
Sincerely, |
/s/ Latham & Watkins LLP |