Latest news with #FederalAviationAdministration
Yahoo
5 hours ago
- Business
- Yahoo
Could a $25,000 Investment Into Archer Aviation Stock Make You a Millionaire?
Archer Aviation has captivated investors and businesses with its Midnight aircraft, an electric air taxi with loads of potential. Demand has been robust, with Archer's order book totaling $6 billion thus far. The company is still in the early stages of producing the aircraft. 10 stocks we like better than Archer Aviation › One of the hottest growth stocks of late is Archer Aviation (NYSE: ACHR), which has the potential to revolutionize travel with its electric vertical take-off and landing (eVTOL) aircraft. People taking its Midnight aircraft could conceivably fly over gridlock rather than being stuck in bumper-to-bumper traffic. There are many possible uses for the piloted electric air taxi, which is quieter than a helicopter and has zero operating emissions. Given all the potential for the stock, can this be a possible 40-bagger investment -- one that turns a $25,000 into $1 million in the future? One thing investors need to be aware of is that while there are significant opportunities for Archer, it still has to obtain approval for its Midnight aircraft, and for it to produce it at scale. It has obtained multiple approvals from the Federal Aviation Administration thus far, and the hope is that it may not be too long until the aircraft is cleared for use in the U.S. But even if that happens, the company still needs to ramp up production. The Midnight aircraft can accommodate four passengers, so the company will need to develop a considerable fleet before it can truly become a big player in the air taxi industry. Its goal is to be producing 650 aircraft per year by the end of the decade. This year, it's aiming to get to just two per month. Since it's so early in its development, Archer isn't generating any revenue thus far, and its losses have totaled $514 million over the past four quarters. The good news is the business is already seeing strong demand, with a backlog of around $6 billion thus far, including United Airlines, which has ordered 200 of Archer's eVTOL aircraft already, plus an option for 100 more. If Archer proves to be a 40x investment, its valuation would need to reach more than $220 billion in the future, given its current market cap of around $5.6 billion. If air taxis truly revolutionize travel and demand for Archer's aircraft takes off, that can be a possibility in the very long run. But that's a scenario that's also riddled with multiple ifs. The necessary infrastructure needs to be built, and air spaces would become more crowded, which could result in greater legislation and red tape along the way. And with the company still in the early stages of producing its aircraft, it's also difficult to know what kind of margins it will make on them and how profitable the business may or may not be. A lot of things would need to go right for the business for it to be worth well over $200 billion. Forecasting the future for an industry that's still in its infancy is not easy. And while there's certainly potential for Archer's valuation to grow significantly, investors shouldn't assume that the stock is destined for greatness and that it can generate 40x returns, even over the very long term. Even though investing in Archer may not be a surefire path to becoming a millionaire, it may still be a growth stock worth adding to your portfolio. If you're comfortable with the risk and uncertainty that comes with this business, it could make for a good buy-and-hold investment. However, given the risk involved, I wouldn't suggest investing more than 5% of your portfolio into the stock. By allocating just a modest amount of money into Archer, you can limit your losses while still giving yourself the possibility to benefit from its growth in the long run. Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Could a $25,000 Investment Into Archer Aviation Stock Make You a Millionaire? was originally published by The Motley Fool Sign in to access your portfolio
UPI
5 hours ago
- UPI
Report: Airport lights, weather may have contributed to deadly San Diego plane crash
Weather and malfunctioning airport equipment likely played a role in the crash of a private plane in San Diego last month that killed six people, including a prominent musician. File Photo by Caroline Brehman/EPA-EFE June 20 (UPI) -- Weather and malfunctioning airport equipment likely played a role in the crash of a private plane in San Diego last month that killed six people, including a prominent musician. The Runway Alignment Indicator or RAI lights were out of service at Montgomery-Gibbs Executive Airport when the Cessna S550 carrying Devil Wears Prada drummer Daniel Williams crashed, according to the preliminary report released by the National Transportation Safety Board. A notice to fliers issued by the Federal Aviation Administration meant pilots should have been aware the RAI lights had been out of service since March 28, 2022, according to the report. Weather conditions meant only a half-mile of visibility with a 200-foot ceiling at the time of the deadly crash on May 22. "The controller informed the pilot that the Automated Surface Observing System (ASOS) at MYF (Montgomery-Gibbs Executive Airport) was out of service and the pilot acknowledged that he was aware of that," the report reads. "The pilot then discussed alternate airport weather conditions with the controller in the event he had to perform a missed approach. He stated he would notify SoCal TRACON (air traffic control) of his selection of an alternate airport, but did not do so during the remainder of the flight." Music agent Dave Shapiro was among those killed and was reportedly flying the plane, which requires only one pilot. Eight people on the ground suffered minor injuries when the small twin-engine jet crashed near a military housing neighborhood. More than 20 vehicles also were damaged. The report also indicates the plane was flying too low, with a flight level of approximately 1,190 feet roughly 2.9 nautical miles from the public airport, which is located six miles north of downtown San Diego. The plane initially struck power lines when it was between 90 and 95 feet above the ground. Most of the wreckage was located 200 feet from that point of contact, with the entire debris field strewn over more than one mile, according to the NTSB report. The Cessna S550 or Citation II can carry up to seven passengers and was first introduced 1978.
Time of India
8 hours ago
- Science
- Time of India
Elon Musk's 'three-word' reply on SpaceX test rocket explosion
(Source:X) (Source:X) 1 2 A SpaceX Starship upper stage exploded during a routine engine test at the company's Starbase facility in South Texas earlier this week, resulting in the complete loss of the spacecraft and damage to the surrounding test stand area, SpaceX confirmed. The incident occurred around 11 p.m. local time on June 19, just before the planned 10th flight test of the 403-foot Starship, the world's largest and most powerful rocket. Designed to be fully reusable, Starship is a critical part of SpaceX CEO Elon Musk 's vision to colonize Mars. The vehicle comprises a Super Heavy booster and a 171-foot upper-stage spacecraft, intended to succeed SpaceX's Falcon 9 and Falcon Heavy rockets for diverse space missions. In a statement posted on Twitter, SpaceX described the explosion as a 'major anomaly' during preparations at Starbase. The company emphasized that a safety perimeter was maintained, and no injuries were reported. 'All personnel are safe and accounted for,' SpaceX said, adding that its team is working with local authorities to secure the site and assess environmental and safety impacts. The company confirmed that materials inside Starship pose no chemical, biological, or toxicological risks, and there are no hazards to nearby Rio Grande Valley communities. Responding to a post on the explosion, Elon Musk wrote: 'Room for improvement' This setback follows a May 2025 incident where a Starship prototype broke apart after losing altitude control due to engine failures during ascent, scattering debris over the Atlantic Ocean and causing temporary flight disruptions in Florida, as reported by the Federal Aviation Administration. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost of Stair Lifts in 2025 Leaf Home Safety Solutions Get Rates Undo SpaceX's challenges coincide with delays in other missions. On Friday, the International Space Station announced that the Axiom-4 mission, which includes Indian astronaut Shubhanshu Shukla, was postponed again. Originally set for June 19, the launch was rescheduled to June 22 due to issues with a Falcon 9 spacecraft but has now been delayed further, with NASA, Axiom Space, and SpaceX evaluating new launch dates. SpaceX is coordinating with federal, state, and local agencies to address the Starship incident's aftermath while continuing its ambitious push toward interplanetary travel. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Globe and Mail
15 hours ago
- Business
- Globe and Mail
Could a $25,000 Investment Into Archer Aviation Stock Make You a Millionaire?
One of the hottest growth stocks of late is Archer Aviation (NYSE: ACHR), which has the potential to revolutionize travel with its electric vertical take-off and landing (eVTOL) aircraft. People taking its Midnight aircraft could conceivably fly over gridlock rather than being stuck in bumper-to-bumper traffic. There are many possible uses for the piloted electric air taxi, which is quieter than a helicopter and has zero operating emissions. Given all the potential for the stock, can this be a possible 40-bagger investment -- one that turns a $25,000 into $1 million in the future? Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The business is still in its very early stages One thing investors need to be aware of is that while there are significant opportunities for Archer, it still has to obtain approval for its Midnight aircraft, and for it to produce it at scale. It has obtained multiple approvals from the Federal Aviation Administration thus far, and the hope is that it may not be too long until the aircraft is cleared for use in the U.S. But even if that happens, the company still needs to ramp up production. The Midnight aircraft can accommodate four passengers, so the company will need to develop a considerable fleet before it can truly become a big player in the air taxi industry. Its goal is to be producing 650 aircraft per year by the end of the decade. This year, it's aiming to get to just two per month. Since it's so early in its development, Archer isn't generating any revenue thus far, and its losses have totaled $514 million over the past four quarters. The good news is the business is already seeing strong demand, with a backlog of around $6 billion thus far, including United Airlines, which has ordered 200 of Archer's eVTOL aircraft already, plus an option for 100 more. Is a valuation of $220 billion a possibility for Archer? If Archer proves to be a 40x investment, its valuation would need to reach more than $220 billion in the future, given its current market cap of around $5.6 billion. If air taxis truly revolutionize travel and demand for Archer's aircraft takes off, that can be a possibility in the very long run. But that's a scenario that's also riddled with multiple ifs. The necessary infrastructure needs to be built, and air spaces would become more crowded, which could result in greater legislation and red tape along the way. And with the company still in the early stages of producing its aircraft, it's also difficult to know what kind of margins it will make on them and how profitable the business may or may not be. A lot of things would need to go right for the business for it to be worth well over $200 billion. Forecasting the future for an industry that's still in its infancy is not easy. And while there's certainly potential for Archer's valuation to grow significantly, investors shouldn't assume that the stock is destined for greatness and that it can generate 40x returns, even over the very long term. Should you invest in Archer stock today? Even though investing in Archer may not be a surefire path to becoming a millionaire, it may still be a growth stock worth adding to your portfolio. If you're comfortable with the risk and uncertainty that comes with this business, it could make for a good buy-and-hold investment. However, given the risk involved, I wouldn't suggest investing more than 5% of your portfolio into the stock. By allocating just a modest amount of money into Archer, you can limit your losses while still giving yourself the possibility to benefit from its growth in the long run. Should you invest $1,000 in Archer Aviation right now? Before you buy stock in Archer Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Archer Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Time of India
a day ago
- Science
- Time of India
Elon Musk reacts to SpaceX's Starship blast with a casual three-word response. Here's what he said
A prototype of SpaceX's Starship rocket exploded late Tuesday night during fueling operations at the company's test facility in Boca Chica, Texas, lighting up the night sky and scattering debris across the site. No injuries were reported, but the vehicle — designated Ship 36 — was completely destroyed. The incident occurred around 11 p.m. Central Time as engineers were preparing for a static fire test of the ship's six Raptor engines . Static fires are routine pre-launch procedures that involve igniting the engines while the rocket remains anchored to the test stand. According to SpaceX, the vehicle experienced a 'major anomaly' during the liquid oxygen and methane fueling stage. Footage shared by local observers showed a sudden and intense explosion engulfing the test stand, followed by flames and shockwaves visible from miles away. Residents near the coastal launch site reported tremors and a burst of light that briefly lit up the surrounding area. In a post on X, Elon Musk reacted to the explosion with the words: 'just a scratch.' The remark, while understated, is in line with SpaceX's long-standing approach of learning through high-risk test campaigns. — elonmusk (@elonmusk) Live Events No injuries, but launch timeline now in question SpaceX confirmed that all personnel were safe and a safety perimeter had been maintained throughout the test. 'Our Starbase team is actively working to safe the test site and the immediate surrounding area in conjunction with local officials,' the company said in a statement. Authorities also clarified that there was no danger to nearby communities and asked the public to stay away from the area while securing operations continue. The failed test marks another setback for the Starship program, which is central to SpaceX's long-term vision of deep space exploration. Ship 36 had been undergoing final system checks ahead of its scheduled test flight, which was tentatively planned for June 29. The company was also preparing to reuse a Super Heavy booster for the first time — a milestone in its drive to make spaceflight fully reusable. Mars ambitions remain, despite recent setbacks This is not the first major mishap for Starship this year. Two previous test flights in 2025 ended in explosions — one over the Atlantic and another over the Caribbean. In both cases, the Federal Aviation Administration (FAA) launched investigations, and temporary airspace restrictions followed. Despite these challenges, SpaceX continues to pursue ambitious plans for Mars. Musk has said the company remains committed to launching an uncrewed Starship to the Red Planet by late 2026, potentially carrying a payload that includes humanoid Optimus robots developed by Tesla. Human missions would follow in later phases, with Musk envisioning a fleet of up to 2,000 Starships eventually ferrying people and cargo to establish a permanent settlement. For now, however, the focus returns to Starbase, where engineers will comb through data from Tuesday night's explosion in an effort to identify the cause and refine safety protocols. Economic Times WhatsApp channel )
