Could Buying Archer Aviation Stock Today Set You Up for Life?
Archer has opened a potentially enormous defense opportunity, but can that overcome its still-unproven eVTOL business?
Overview
Archer Aviation (NYSE: ACHR) is an ambitious developer of electric vertical takeoff and landing (eVTOL) aircraft, also known as "flying taxis." Its flagship eVTOL craft -- Midnight -- is like a cross between a drone and a helicopter, and it could one day carry up to four passengers over traffic.
Archer has yet to certify its eVTOLs, and its stock value is a reflection of that: After flirting with a double-digit value last October, Archer's stock now trades at about $5 a share. With a market cap of $4 billion, could this be an opportunity to set you up for life, or is it a high-flying trap concealing enormous risk?
Image source: Archer Aviation.
Details
Source
Originally published at www.fool.com.