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Is Archer Aviation Stock a Millionaire Maker?
Archer Aviation (NYSE: ACHR) is trying to revolutionize the way we think about travel. When you find out that it is building aircraft, you might think that the above statement sounds a bit bold. How could the company revolutionize airplanes? Well, by making them much, much smaller. Here's what you need to know and why Archer Aviation could be a millionaire maker if it succeeds.Right now, Archer Aviation doesn't really do much of anything except lose money. That, however, is understandable because it is building its aviation business from the ground up. That's a slow and costly effort. In fact, it is likely that Archer Aviation will continue to lose money for a while longer. Risk-averse investors probably won't be interested in this stock.Image source: Getty Images.Continue reading
Archer Aviation (NYSE: ACHR) is trying to revolutionize the way we think about travel. When you find out that it is building aircraft, you might think that the above statement sounds a bit bold. How could the company revolutionize airplanes? Well, by making them much, much smaller. Here's what you need to know and why Archer Aviation could be a millionaire maker if it succeeds.
Right now, Archer Aviation doesn't really do much of anything except lose money. That, however, is understandable because it is building its aviation business from the ground up. That's a slow and costly effort. In fact, it is likely that Archer Aviation will continue to lose money for a while longer. Risk-averse investors probably won't be interested in this stock.
Image source: Getty Images.
