Archer Aviation Stock News

Every so often, a company pursues a vision so bold that it borders on outlandish. To me, Archer Aviation (ACHR 3.00%) fits that mold.

Electric vertical takeoff and landing (eVTOL) aircraft pioneer Archer Aviation ( NYSE:ACHR ) popped 4.2% on Monday, closing above $9 per share again.

A new subsector is taking shape inside aerospace and defense: advanced air mobility. Electric vertical takeoff and landing (eVTOL) aircraft promise to turn congested commutes into short, emissions-free flights, opening a market analysts see topping $1 trillion by 2040.

There's a certain allure to so-called "overnight" success stories, whether the protagonist is an artist, an athlete, or some other figure. Yet the reality is that these rags-to-riches narratives rarely unfold overnight.

Imagine a world where traffic jams vanish, airport lines become obsolete, and your daily commute takes to the skies. Until recently, that world was left to science fiction.

In the field of modern aviation, there's an industry that could be poised for hyper-growth.

Archer Aviation (ACHR 3.24%) is on the cusp of something potentially disruptive: Electric air taxi services, a concept that once seemed much more grounded in science fiction than reality. Electric air taxis will (in theory) fly paying passengers above gridlocked traffic, which will cut travel time significantly enough to warrant paying a premium for a flight.

The Federal Aviation Administration said it's launching a pilot program to speed up the rollout of air taxis. Archer Aviation and Joby Aviation, major players in the eVTOL space, said they are participating.