About Archer Aviation Inc. Class A Common Stock (ACHR)
Archer Aviation Inc is an innovative aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft aimed at revolutionizing urban air mobility. The company is dedicated to creating sustainable air transportation solutions that enable efficient and environmentally friendly travel within cities. Archer's advanced aircraft design incorporates cutting-edge technology and engineering to address the challenges associated with urban congestion, offering a new mode of transportation that enhances connectivity and reduces travel times for urban commuters. With a vision to integrate air travel into the everyday lives of people, Archer is at the forefront of shaping the future of transportation. Read More
Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc., as regulatory delays threaten US market leadership in the emerging eVTOL industry.
Archer Aviation achieves a milestone with piloted Midnight flights, showcasing conventional takeoff and advancing its test program toward commercialization.
Midnight achieved speeds up to 125 miles per hour and reached a maximum altitude of over 1,500 feet above ground level during its initial flight, the company said.
Today, Archer (NYSE: ACHR) announced it has begun the next phase of Midnight’s flight test program showcasing piloted flight. This phase builds on years of safe, autonomous flight testing across its various aircraft platforms, which validated its proprietary 12 tilt-6 VTOL configuration. Midnight cruised at speeds up to 125 mph and reached a maximum altitude of over 1,500 feet above ground level during the flight.
Archer Aviation's stock shows resilience after a short-seller report, as investors shift to the upcoming milestones and flight demonstrations for validation.
Culper Research has announced a new short position against electric vertical take-off and landing (eVTOL) aircraft developer Archer Aviation Inc (NYSE:ACHR) as the short seller believes the company is misleading investors.
