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Assuming the company doesn't dilute its shareholders (which it is likely to do, as it will need funds to ramp up its growth), Archer's market capitalization would likewise have to grow 100-fold ...
Archer Aviation Inc. is a publicly traded company headquartered in San Jose, California, which is developing eVTOL aircraft. [1][2][3] Its eVTOL aircraft is designed to allow airline operators to transport people in and around cities in an air taxi service and are claimed to have a range of up to 100 miles (160 km) at speeds of up to 150 miles ...
The combined company's stock started trading at $9.90 and soared to a record high of $17.14 in February 2021 but now trades at about $3. ... Archer Aviation has also increased its share count by ...
The company had cash and cash equivalents of $360.4 million at the end of June. Archer has since secured an additional $230 million of equity capital, including from Stellantis and United Airlines.
Archer Aviation (NYSE: ACHR) stock surged in July's trading. The company's share price rose 18.5% in the month, according to data from S&P Global Market Intelligence.. Thanks to a series of ...
In October 2018, Adcock founded electric aircraft company Archer Aviation. [31] Archer was originally started with a research grant from Adcock at the University of Florida and ultimately headquartered in Palo Alto, California. [32] In February 2021, United Airlines made an initial purchase of Archer aircraft with the intent of using them to ...
The Federal Aviation Administration has granted Archer Aviation a key certification that gets the electric air taxi maker closer to eventually flying travelers, the company said Wednesday.
Archer, which is backed by companies such as Stellantis, Boeing and United Airlines said it plans to use conventional aircraft to refine its "systems and procedures." Peer Joby Aviation received ...
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