Is Archer Aviation (ACHR) Getting Closer to Lift-Off? $850M Bet Says Yes
Archer Aviation (ACHR) has been gaining solid ground in the electric air mobility space, and now it's adding even more fuel to its climb. The company just secured a fresh $850 million in funding. That's more than just a big number. It clearly signals that investors believe in Archer's mission to bring air taxis into everyday life.
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The announcement follows recent executive orders from President Donald Trump aimed at speeding up the development of electric vertical takeoff and landing (eVTOL) aircraft, a sector long held back by complex rules. The orders also support progress in supersonic planes and defenses against hostile drones, giving a broader push to next-gen aviation.
For Archer, that could mean quicker approvals and an earlier launch window. And with this new tailwind, investors are betting the skies may open up sooner than expected.
Strong Backing Fuels Archer's Ascent
Even though it hasn't started making revenue yet, Archer stock has soared about 260% over the past year. That kind of climb is unusual for a pre-commercial firm and highlights growing belief in its long-term potential.
Earlier this year, Archer secured $300 million from major investors, including BlackRock (BLK). Now, with the fresh $850 million in backing, the company now has close to $2 billion in available cash. That's a solid amount to build more aircraft, ramp up testing, and get closer to launching real-world air taxi services.
ACHR Is Expanding Into Real-World Skies
Archer is making real progress toward going commercial. In April, the company announced a partnership with United Airlines (UAL) to launch air taxi services in New York City. The goal? Help travelers skip hours of airport traffic with short, 5–15 minute electric air taxi rides.
Then in May, Archer hit a major milestone. It was named the Official Air Taxi Provider for the 2028 Los Angeles Olympic and Paralympic Games. Its Midnight aircraft will shuttle VIPs, fans, and staff across the city, with special takeoff and landing zones planned near key venues. The company will also assist with logistics, security, and emergency response.
With enough capital in hand, government support, and growing partnerships, Archer looks ready to take flight.
Is ACHR Stock a Buy, Sell, or Hold?
ACHR stock price target of $11.83 implies about 0.85% upside potential.
See more ACHR analyst ratings
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