Latest news with #MidnighteVTOL
Yahoo
6 days ago
- Business
- Yahoo
Archer Aviation (ACHR) Plunges as $850M Share Sale Dilutes Stock
June 13 - Archer Aviation (NYSE:ACHR) shares slid about 15% on Friday after the company sold $850 million of stock to support new infrastructure and an AI-based aviation software platform. The eVTOL maker sold 85 million shares at $10 each, lifting its pro forma liquidity to roughly $2 billion. The proceeds will back its Launch Edition program, including plans to provide air taxi services at the 2028 Los Angeles Olympics. Warning! GuruFocus has detected 2 Warning Sign with ACHR. This follows an executive order establishing a U.S. pilot program for electric vertical takeoff and landing vehicles, which had earlier lifted Archer and rival Joby Aviation (NYSE:JOBY). Archer said it will deploy AI-driven flight management tools and expand infrastructure domestically and overseas. The company plans to display its Midnight eVTOL at the Paris Air Show, with the United Arab Emirates as an initial market. Archer highlighted its strengthened balance sheet but investors weighed dilution from the share sale against growth prospects. While interest in eVTOL services is rising amid urban mobility initiatives, regulatory and safety challenges persist. Market participants will watch execution on infrastructure build-out and technology rollout closely. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Archer Aviation (ACHR) Plunges as $850M Share Sale Dilutes Stock
June 13 - Archer Aviation (NYSE:ACHR) shares slid about 15% on Friday after the company sold $850 million of stock to support new infrastructure and an AI-based aviation software platform. The eVTOL maker sold 85 million shares at $10 each, lifting its pro forma liquidity to roughly $2 billion. The proceeds will back its Launch Edition program, including plans to provide air taxi services at the 2028 Los Angeles Olympics. Warning! GuruFocus has detected 2 Warning Sign with ACHR. This follows an executive order establishing a U.S. pilot program for electric vertical takeoff and landing vehicles, which had earlier lifted Archer and rival Joby Aviation (NYSE:JOBY). Archer said it will deploy AI-driven flight management tools and expand infrastructure domestically and overseas. The company plans to display its Midnight eVTOL at the Paris Air Show, with the United Arab Emirates as an initial market. Archer highlighted its strengthened balance sheet but investors weighed dilution from the share sale against growth prospects. While interest in eVTOL services is rising amid urban mobility initiatives, regulatory and safety challenges persist. Market participants will watch execution on infrastructure build-out and technology rollout closely. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
JOBY: Air Mobility Stocks Climb as U.S. Launches Flying Taxi Initiative
June 9 - President Trump signed an executive action to establish an electric Vertical Takeoff and Landing integration pilot program on Friday, selecting at least five projects to advance eVTOL uses like cargo transport and medical response. Warning! GuruFocus has detected 2 Warning Signs with JOBY. Shares of flying taxi stocks responded sharply in early Monday trading. Joby Aviation (NYSE:JOBY) surged about 8%, while Archer Aviation (NYSE:ACHR) climbed about 9%. Blade Air Mobility (NASDAQ:BLDE) jumped about 2%. Vertical Aerospace Ltd. (NYSE:EVTL) soared about 11%. Eve Holding (NYSE:EVEX) edged about 2%, and Surf Air Mobility (NYSE:SRFM) inched about 2%. Earlier in the week, Archer Aviation flew its piloted Midnight eVTOL as part of certification and commercialization efforts in the U.S. and UAE. Joby Aviation signed a deal with Abdul Latif Jameel to distribute up to 200 four-passenger eVTOL aircraft in Saudi Arabia. Blade Air Mobility partnered with Skyports to expand helicopter and future eVTOL transfer services in New York City. The pilot program may speed regulatory approvals and boost operational testing. However, companies likely face hurdles in scaling production and securing airspace approvals. Investors will be watching whether these moves translate into sustainable growth. This article first appeared on GuruFocus.
Yahoo
09-06-2025
- Business
- Yahoo
JOBY: Air Mobility Stocks Climb as U.S. Launches Flying Taxi Initiative
June 9 - President Trump signed an executive action to establish an electric Vertical Takeoff and Landing integration pilot program on Friday, selecting at least five projects to advance eVTOL uses like cargo transport and medical response. Warning! GuruFocus has detected 2 Warning Signs with JOBY. Shares of flying taxi stocks responded sharply in early Monday trading. Joby Aviation (NYSE:JOBY) surged about 8%, while Archer Aviation (NYSE:ACHR) climbed about 9%. Blade Air Mobility (NASDAQ:BLDE) jumped about 2%. Vertical Aerospace Ltd. (NYSE:EVTL) soared about 11%. Eve Holding (NYSE:EVEX) edged about 2%, and Surf Air Mobility (NYSE:SRFM) inched about 2%. Earlier in the week, Archer Aviation flew its piloted Midnight eVTOL as part of certification and commercialization efforts in the U.S. and UAE. Joby Aviation signed a deal with Abdul Latif Jameel to distribute up to 200 four-passenger eVTOL aircraft in Saudi Arabia. Blade Air Mobility partnered with Skyports to expand helicopter and future eVTOL transfer services in New York City. The pilot program may speed regulatory approvals and boost operational testing. However, companies likely face hurdles in scaling production and securing airspace approvals. Investors will be watching whether these moves translate into sustainable growth. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Archer Aviation Gains on First Piloted Runway Flight
Archer Aviation (NYSE:ACHR) shares rose 2.57% after its Midnight eVTOL aircraft completed its first piloted conventional takeoff and landing (CTOL), marking a key step toward commercialization. CTOL flights require rugged landing gear and precise control systemscapabilities that Midnight demonstrated under a clear California sky by accelerating down a runway and lifting off wheels first. Warning! GuruFocus has detected 2 Warning Signs with JOBY. CEO Adam Goldstein said this dual VTOL/CTOL design integrates into a wide range of operational scenarios while providing enhanced safety. Government regulators and defense partners have flagged CTOL as critical for real?world operations, boosting confidence in Midnights design choices as Archer readies production in its new Georgia factory with Stellantis help. While Archer promised 2025 aircraft deliveries, none have occurred yet, and the entire eVTOL sector faces certification hurdles. The CTOL milestone doesnt accelerate the delivery timeline, but it validates technical progress at a time when peers like Joby (NYSE:JOBY) and Vertical Aerospace (EVTL) confront delays. Archer continues to burn cash and must translate milestones into revenue and certification. Investors should care because CTOL success lends critical credibility to Archers promise of an aircraft that can operate from both runways and vertiports, narrowing the gap between hype and reality and keeping Archer in the lead as competition intensifies. It's important to note from the chart above that the stock has surged almost 47% with a 115% CAGR, showing incredible investor confidence. The stock is consolidating near the $9.90 mark at this point. Hence, despite some volatility, the overall momentum remains healthy with support forming above previous lows. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
