What Happened
Electric Taxi Pioneer Makes Progress Amid Market Volatility
Despite a 50% decline in stock value, Archer Aviation has made significant progress in its eVTOL business, including completing Phase 3 of the FAA’s type certification process and announcing plans to acquire subsidiaries from Boeing. The acquisition of Insitu, a military drone maker, could provide substantial revenue for Archer. According to The Globe and Mail, Archer’s stock may be a compelling buy for investors willing to tolerate risks.