Archer Aviation’s Midnight Aircraft Reaches 7,000 Feet in Test Flight
Archer Aviation's Midnight eVTOL aircraft achieved a significant milestone by reaching 7,000 feet during a test flight in Salinas, California. The flight demonstrated steady climb performance and covered 45 miles at speeds exceeding 120 mph, marking progress toward the company's 2025 commercial launch target.
While eVTOLs are typically designed for urban trips at lower altitudes, the ability to operate at higher elevations provides flexibility for air traffic management and expands potential service areas. Archer's progress comes amid intensifying competition in the eVTOL sector, though regulatory approval and technological challenges remain.
Investor sentiment appeared muted as ACHR shares declined nearly 3% following the announcement, closing at $9.71. The eVTOL industry continues to attract Wall Street attention despite the speculative nature of the emerging technology.