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Can Archer Aviation's Air Taxi Make It to the First Flight?
Archer Aviation (NYSE: ACHR) is in a race. In fact, right now, it has a lot of races going on. One of the most important is taking place on the balance sheet. The big question is whether or not it can get its first air taxi service up and running before the cash runs out.Here's a look at the likelihood of the upstart aircraft maker winning this race and what it could mean for investors.Archer makes a small electric vertical takeoff and landing (eVTOL) aircraft that it calls Midnight. The airplane is only intended to fly short distances, and it can only carry a small number of passengers. The main purpose of the eVTOL is to act as an air taxi, something that seems a bit out of a science fiction movie but is likely very near to being real.Continue reading
Archer Aviation (NYSE: ACHR) is in a race. In fact, right now, it has a lot of races going on. One of the most important is taking place on the balance sheet. The big question is whether or not it can get its first air taxi service up and running before the cash runs out.
Here's a look at the likelihood of the upstart aircraft maker winning this race and what it could mean for investors.
Archer makes a small electric vertical takeoff and landing (eVTOL) aircraft that it calls Midnight. The airplane is only intended to fly short distances, and it can only carry a small number of passengers. The main purpose of the eVTOL is to act as an air taxi, something that seems a bit out of a science fiction movie but is likely very near to being real.
