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Archer Aviation's stock's been a rollercoaster lately. Dipped below $10 IPO price. Tempting, right? Let's peek at this flying taxi dreamer.
They're cooking up eVTOLs. Fancy electric flying machines. Big plans for New York, LA, Abu Dhabi. 2028 Olympics in LA? That's the golden ticket.
FAA's still mulling over their Midnight aircraft. Bit of a roadblock there. Taking its sweet time. Might hit a snag or two.
Money's flying out the window. $477.5 million a year, poof! They've rustled up a billion, but profit? That's a whole other story.
Aiming for 50 Midnights yearly. $5 million a pop. Sounds nice, but it's not enough. To justify that $5.9 billion market cap? Hundreds of sales. Yearly. Tall order.
Tech looks slick. But the stock? Risky business. Regulations, cash burn - it's a minefield. Under $10 might look juicy, but think twice.
It's kinda wild how this might shake up transport. Yandex Taxi, watch out? Or maybe team up? Who knows. It's all up in the air.