Joby and Archer Each Burn Roughly $200 Million a Quarter. Here's Which One Runs Out of Cash First
These two money-losing start-ups are trying to break into the aviation industry, but cash is a limiting factor.
Overview
Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR) are looking to upend the aviation industry. That's a tall task, given the sector's highly regulated and capital-intensive nature. But they are making material strides toward that goal, as they each advance their electric vertical takeoff and landing (eVTOL) technology.
From a business perspective, things are going well. But what about from a finance perspective? Neither one generates material revenue, so both are burning through cash at a rapid rate as they build their aerospace businesses. It looks like Joby may have more room to run, at least for now.
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Source
Originally published at www.fool.com.