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Archer Aviation stock has declined as the company advances toward getting FAA certification to begin commercial operations.
DALLAS--(BUSINESS WIRE)--America's Consortium for Electric Skyways (ACES) today announced plans to support Texas' air taxi operations under the White House's eVTOL Integration Pilot Program (eIPP) by expanding interoperable electric aviation charging infrastructure in the state across key locations like airports, FBOs and other points of interest. Launched by Archer, BETA and Macquarie Capital, ACES has set a goal to electrify up to 250 air taxi sites across America's largest airports and metro.
Archer Aviation and Joby Aviation are both making test flights across the U.S. in September. The companies are getting closer to achieving certification from the Federal Aviation Administration.
Archer Aviation (ACHR) reported earnings 30 days ago. What's next for the stock?
Archer Aviation Inc. (ACHR, Financials), inventor of electric aircraft and builder of its Midnight air taxi, just got another big vote of confidence from Cathie
Ark Invest added to three existing positions that are trading well below their recent highs.
Archer is acquiring three Boeing subsidiaries in a move to both strengthen its foundations and diversify its operations. Boeing will have a 16.75% equity stake in Archer after the deal is completed.
Archer Aviation stock has seen a big pullback since hitting its lifetime high last October. The stock is still well above the level likely to cause the company to do a reverse stock split.