Archer Aviation’s Path to Urban Air Mobility Faces Regulatory Hurdles
Archer Aviation (ACHR -5.73%) is pioneering urban air mobility with its Midnight eVTOL aircraft, designed to transport four passengers and a pilot at speeds of 150 mph. The company aims to deploy airpads in cities and airports, transforming hour-long commutes into minutes. Full certification from the FAA remains a critical milestone, expected by next year.
Recent FAA initiatives allow supervised trials in U.S. cities, signaling progress toward commercialization. Despite a market cap of $8 billion, Archer has yet to generate revenue, underscoring the speculative nature of its stock. Investors who backed the company at its 2021 debut have experienced volatile returns.