Is Archer Aviation the Next Trillion-Dollar Stock?
Archer Aviation's eVTOL could be the next big thing in aviation. Will air taxis be enough to invite Archer into the trillion-dollar club?
Overview
What if I told you there was a multi-trillion-dollar opportunity in aviation, one still in the early stages of growth, but could radically change the industry? If you're already familiar with Archer Aviation (NYSE: ACHR), then you probably know where I'm going with this.
Archer is developing electric vertical takeoff and landing (eVTOL) aircraft, better known as air taxis, that could eventually move passengers above congested city streets. Because time is money, and money buys convenience, Archer is betting that travelers will pay a premium to be shuttled over traffic. If Archer is right, its market valuation -- currently badly beaten down -- could grow several figures higher than its current $3.75 billion.
Details
As this nascent industry grows, could Archer become a trillion-dollar company?
Source
Originally published at www.fool.com.