What Happened
Electric Aircraft Makers Burn Hundreds of Millions in Certification Push
Joby Aviation and Archer Aviation are racing to achieve Federal Aviation Administration (FAA) certification, with Joby narrowly ahead in the process. The certification milestone is crucial as it will de-risk the stocks and shift the investment narrative from development to growth. According to AOL, the key number to look out for is 100% completion of final for-credit testing by FAA pilots, which will determine the certification decision.